To think Rachel Reeves patronised the public with her rhetoric on cash ISAs?!

[Hulabalu]

I paraphrase but she said she wanted to cut the ‘cash’ ISA allowance from 20k to a fraction of that but allow people to still do the 20k stocks & shares ISA. She said something like she wanted “peoples hard earned money put to work in the stock market”.
She gave ZERO thought to people’s attitude to risk, that they might not want to risk their money in stock market.
She just wanted people investing in UK companies to boost economy. Not that people would have necessarily invested in Uk stocks.
Thankfully the banks etc stepped in and stopped her stupid plan
But I now can’t stand the woman! How dare she try to “sell” her plan to us and take us for fools 😡

But yes you’re right that they do want to keep the rich poor gap growing and keep the masses poor

Unemployment has climbed to a four-year high, official figures showed, after Rachel Reeves’s tax raid on businesses.

The UK unemployment rate hit 4.7pc in the three months to May, according to the Office for National Statistics (ONS), which was the highest since early 2021.

Excellent work by Labour. More people off work and on to benefits. The plan to accelerate Britain's decline is fully on track.

Almost as if putting up costs to employers via NI and NMW would have an impact on employment 🤔

Our company, a charity, had unforseen £1 million bill due to NI rise in April. Result = recruitment freeze, cut budgets + redundancies. But Labour will be "surprised" I'm sure.

Sir Keir Starmer was accused of an attempt to “rig the political system” after the Government announced it was handing the vote to 16-year-olds.

The change, which was promised in Labour’s manifesto last summer and will be in place in time for the next general election, will bring the voting age down in line with Scottish and Welsh elections.

The Prime Minister said 16 and 17-year-olds were old enough to pay taxes and they should therefore get a say in the running of the country.

Following Starmer’s logic, can we remove the right to vote for those that don't work or dont pay taxes or serve in the armed forces, on a 'No representation without contribution' principle?

I believe infants and 1 year olds are also eligible to pay taxes so on that logic we should lower it much further…..

It’s a bit desperate from Starmer but it may well backfire.

I miss the 😆 button

Where Germany introduced voting for under 18s - a policy pushed by the Greens- many actually voted fro the right wing AFD party so it certainly back fired there.

I imagine the same will happen in the UK. Some will vote for the Greens and the new Corbyn party but many will vote for Reform.

I think the desperation is mainly in Labour’s assumption they will make the next four years to a GE.

I find that prospect laughable.

Yep it won’t be Labour but Corbyn and Reform

I am no fan of Rachel Reeves but, if more taxes have to be raised, cutting the cash ISA allowance is not outrageous. The original plan was that, while you could invest £7k a year in an ISA, only £3k of that could be in cash. If you hate the idea of cutting the cash ISA allowance, what would you do instead? Put an extra 1% onto income tax? There aren’t all that many options available - it’s likely that the VAT on school fees will end up costing money and “taxing the rich” makes them leave.

The messaging from Labour has been very uncomfortable - often it sounds as though they have a real distaste for the people who generate the bulk of tax raised. Bridget Phillipson’s tweet about “our children deserve…” comes across as her not believing that children in private schools are any who need her consideration. The overall impact may be that those who have some wealth will not feel as though they owe the UK government anything - I’ve very little invested in UK stocks (and am totally out of the FTSE 250).

Yes its the "working people" slogan when in reality they mean union members only. They don't mean the people who work to pay the majority of the tax income. Those people are seemingly just a cash cow for Labour = huge feeling of "why bother".

And they must think that “the working people” are thick as two short planks and have not noticed that frozen tax thresholds = tax increase.

The tories lasted fourteen years. Now that's laughable.

Speaking of 14 years, are you usually so ‘quick’ with your retorts?

This one only took you two days.

Ahem.