Tax increases imminent

[Iwishicouldflyhigh]

Heavy hints that taxes will rise in the next Budget after the recent climb down (as the ‘taxes won’t rise again’ was based on a 5 billion saving in benefits).

I can’t lie, I’m so pissed off about this. I don’t think anyone wants to see someone who is genuinely unable to work to be further penalised, but we all know there are thousands of people who could work but don’t.

this country is going to absolute shit . We pay more and more for less and less.

You are making a massive assumption that Reform will still exist in 2029.

I heard a stat the other day which shocked me to rhe core.
Imagine money as seconds
1 million seconds is the equivalent of 11.5 days and 1 billion seconds is the equivalent of 31.7 years.
So, if you equate this to money and how much the richest 7% of our population has, I think they can afford to pay their fair proportion of taxes!
The way it should be done is via how much land they own and not passing it down to the surfs who live on the land e.g. if they own land that has 100 flats built on it, it should be done by square footage and how many flats are built there but a clause in the owners/ renters contracts that their ground rent cannot exceed xx amount to keep it fair for the sufs as, throughout the ages andbthe same is true now, it is always the poor people who suffer and are taxed more.
To me, I believe, there is a certain amount of money when you dont physically need any more (or cant physically spend any more) these super rich people just want to collect more and more money but have no way of spending it in 10 lifetimes, let alone one! And, regardless of the fact if they had 100 children and 100 close family members, they still wouldn't be able to pass on their wealth.
Just to put it in perspective Elon Musk is worth $421 billion. That is obscene.
The most wealthy billionaire in the UK is Michael Platt and he has a net worth of £18 billion but even this is still outrageous and just £1b of this could solve so many issues for people living on the breadline.
I'll get off my high horse now.

With their current crop of talent, experience and work ethic, can you tell us how they will be infinitely better?

And God knows, I'm no Labour fan.

While I'm prepared to pay more in taxes, I believe it's unjust for those funds to support winter fuel payments for wealthy pensioners, or to provide benefits for individuals who are capable of working. Plus, extremely wealthy people and companies who made ridiculous amount of money on energy bills and fuel should be taxed more.

Or we can grow the economy!

Income tax should have been raised by 1p in the £ from the last budget, and the winter fuel payment should have been abolished years ago for wealthy pensioners; my parents are millionaires and really don’t need it.

Means testing the state pension will mean I want the money back that I have paid in tax that go towards my state pension. Not paying into a system for 40 years and then I get fuck all back!
All those on benefits already pay nothing in and take all they can get.
My brother in law is 50, been on benefits since 18, has a great life. Never worked a day in his life!

If course this is a superior option but the reality is that this will often involve tax cuts and offering financial incentives for people to actually setup businesses here and be economically active. This in my view is tied to welfare cuts and reforms in the short term as we can't afford unfunded tax cuts.

NIC doesn't go into a pot to pay your state pension. It's just another tax and will have been spent on all manner of public services over those decades.

Not necessarily, they could actually help people to set up small businesses and start self employment. Something sadly lacking for a few decades. Back in the 80s there were all kinds of grants, incentives, etc for the smallest of businesses, including a weekly sum paid to previously unemployed people to help personal finances whilst their business took off. Now, successive governments have directed all their help/support at "big" businesses and kicked small businesses whilst they were down. Eg the likes of Rishi who was a puppet to the financial markets and international financiers and had no interest at all in the self employed and small businesses. Even now, Rachel's potential changes to ISAs are aimed at more money going to the London financial markets - i.e. for the benefit of the rich, as the self employed and small businesses don't get involved with the stock exchange who only want big business.

What do you call a place where people can be seized off the streets and held indefinitely without trial? And the Red Cross have been refused access.

Being elected doesn't make it OK.

This is what it looks like

bsky.app/profile/rollingstone.com/post/3lt32w5rsgk2i

Leavestrees, so because I worked 50 years and did as governments suggested, buy my house, save for old age, pay into my gov pension, I should now be means tested?? I went without holidays, had a modest house, paid my bills and was shafted at 60 when my exchange retired but I had to wait another 7 years still paying in. It put pressure on our marriage and wr divorced. I have a small house, enough now,from being prudent over the years, to pay my bills and take holidays when I wish. Not 5 star long haul but regular trips to sunnier climes to enjoy what is left of my life. If I hadn't saved to boost my UK gov pension I would not be able to pay the bills on my modest 2 bed terrace or run my very small cheap car. Stop robbing pensioners who have worked and saved because that's what we were brought up to do. Have a go at the lazy sods who have never worked, claim every benefit going and have a couple of holidays abroad every year. Or those that are arriving into the country illegally and being clothed fed, housed yet never paid a penny into this country! Makes my blood boil that folks thinks pensioners have it easy. Yes we may now, but we have worked and gone without to get to this point 😡

wideawakeinSandiego

when your son applies for cleaning jobs then don’t put the First Class honours degree on the application form obv.
Future employers know he’s only killing time and won’t stay and they’ll have the recruitment costs again.

But they will be paying tax like everyone else on their pension and other savings.
I object to Milliband stupid idea of stopping drilling but importing gas from Norway at a cost of 20 billions, plus the fact that neither China, India or USA are reducing their emissions, for USA it's drill, drill baby drill but taxes in UK will increase doesn't make sense.

They can't means tested the state pension as folk have paid contributions which they haven't done for most other benefits. Raise the personal allowance and add at least 1% to income tax and oap's to pay NI. Ridiculous that they don't. And WFA allowance only to folk on less than £25k. £35k is far too high.

HPFA
The people being seized off the streets in America are in the country illegally. Entering America illegally is against their laws. The fact that the crime was committed years ago doesn't stop it being a crime

I think you mean Starmer has listened to his party and and is taking them WITH him. Unlike several Tory leaders who have just bullied the party into silence and forced through their own personal agenda, often with disastrous results. Have you forgotten Liz Truss???? Or Reform, which is just a Trump-like far-right dictatorship. Labour have inherited an absolute shit-show from 14 years of Tories. Putting taxes up will have little negative effect on most of us, but will have huge advantages. This forum is called MUMS-net! We should all be outraged that NHS waiting lists are the longest in history, half the children in the UK don't have access to an NHS dentist, schools are falling down because their buildings should have been replaced a decade or more ago, etc, etc. THESE are the thing MUMSNET should be getting angry about, and these are the things actually being addressed by the Labour Government.

Starmer has listened to the threats coming from his backbenchers, who knows where their votes come from.

He hasn't listened to those who will be funding all this.

The British public is simply annoyed at people cheating or committing crimes and disrespecting the country and the rest of the population. It includes benefit cheats, those not paying their way and illegal immigrants. It’s not that complicated yet somehow we are unable to efficiently enforce measures against all these people who are essentially criminals, obviously mostly petty criminals but never the less. If enforcement against this is sorted out by Labour they will be popular again.

Please NEVER be a policy maker in any country I live in.

If you think people don’t need to earn that money so you’ll tax it away, why on earth would they earn that money here in the UK? What’s the point of working hard if you get nothing to show for it?

And could someone please tell me how much is enough tax? Because my top rate was 67.5% and the Scottish greens decided that wasn’t enough and slapped an extra 3% on last year. When will enough be enough? Because I e certainly had enough.

This will not be funded by increases in anything other than increases in the basic rate of tax. Say from 20% to 25%. That would bring in a staggering amount of money. Increasing the higher rate taxes very little. Ultra wealthy go elsewhere, others just go part time or fill their pensions instead.

Are you keen on a massive basic rate increase? I am because I want good public services but I’d imagine it’s unpopular with voters who think someone other than them should pay.

“Just to put it in perspective Elon Musk is worth $421 billion. That is obscene.”

I do not particularly like Elon Musk as he clearly thinks he knows best. However, the man still works incredibly hard despite his huge wealth and I have some admiration for that. Most of his wealth will be tied up in shares and control of the companies he has built himself. He is hardly spending it on frivolities and flaunting huge wealth left right and centre and living on some island. He is actually working really really hard, when most people would stop once they have even just a few million.

Personally I'm not keen on it because I have absolutely trimmed my life down massively already to keep my head above water and to afford a couple of nice things occasionally.

People won't have it. They won't put up with having to make massive cutbacks in their own lives to afford the tax, when they know full well there are loads of people taking the absolute piss.

This is such a good point. Small businesses are often the backbone of the country and it’s becoming increasingly difficult to run one.