Not an ordinary working person if you earn over 45k

[TesChique]

Disincentivising anyone to strive to earn over 45k a year is a bizarre strategy for growth i feel

Aibu?

I think you make a good point.

Presumably it will be 45k today, and then gradually get reduced?

£45k is a pittance. It is the new £30k. You cannot run a household with kids on £45k.

I imagine so.
It started off as being farmers and parents who choose independent schools. Most on here were happy with that because it didn't impact them.
Now the definition is changing to bring more people into scope and it is impacting them, they aren't as happy.

Absolute classic socialist playbook.

No one has said you’re not a working person

Probably something to do with the nature of politics itself

Not far over this on a fairly senior nhs grade - and as a single person, I am struggling.

It is something like a top 1/3 of earners. I suppose it depends on how it progress from that. If the increased taxation is only on a salary above that threshold, it won't have that big effect on people earning 45-55k and will hit more above that, which is top 1/5 of earners.

I'm afraid that it is the art of possible.

Maybe but I'm not as generous.

Well, on a brighter note, Labour are successfully tackling inflation and the COL.

Oh wait.

Most people don't. Its like a pyramid, not everyone gets to the pointer end of salaries.

Who are the people who don’t fall into the description? Working people still?

Kinda wish we just stuck with Sunak

I earn under 26k, at 59, I work bloody hard.

And the very people who pay for the disgustingly bloated benefits system this country has. And Labour are making it worse and worse. Let’s take away the 2 child cap! Let’s give more people free money! Let’s penalise small businesses who employ lots of workers! Let’s penalise people trying to better themselves. Etc

What people don’t understand is that when the main tax payers are punished - it trickles down to everybody. Everybody suffers. Less tax gets paid, fewer jobs are available, wealth leaves the country. Who then pays the huge tax bill for all of the lovely free benefits? Labour have no economic sense whatsoever. Instead of building up they are tearing down.

100%.

I agree.

He had commercial acumen, and strong ethics.

Starmer and Reeves, not so much - the latter is a pathological liar. And how many times did Sunak call out Starmer during the election campaign?

Thanks ☺️ I hate this misconception that if you work hard, you earn a lot, and if you don’t earn much, it’s because you don’t work hard (or aren’t clever, or don’t try). My DM worked her arse off and never made more than minimum wage.

Those ‘rich VAT payers’ to £45k in a bit over a year is fast.

Who would have thought Labour would broaden who they hit up for tax.

You might want to consider tang ping.

The social covenant between taxpayer and government has well and truly broken (thanks to Labour).

Exactly. Like with IHT. I recall speaking with my neighbour over the bins on bin day and he was scoffing at IHT and 'only the rich pay it'.

I just asked him 'How much do you think your house is worth?'. The slow dawning horror that came over his face was something to behold.

100% - not much shocks me with this lot, but one wonders where will be post budget?

My DS is 24 and earnings £30k. £26k is honestly a pittance.

I assume like a PP you used to earn a lot more but now your kids (if you had any) are grown, your mortgage is paid off and thus you can make do on this?

Source? Because if you haven’t got one it’s BS.

Sunak was not perfect. But he was a damn good honest man and knew what would happen to the economy.

Do you accept that Reeves’s lot are prone to ‘floating’ policy to ascertain reaction?