Keir, what do you think?

[Lovepeaceunderstanding]

Labour will win this General Election but I don’t think Sir Keir will be party leader a year from now because there are many amongst Labour MP’s who will want to be more radical. Who would you like to see as leader of the Labour Party a year from now and why?

Right, so you're going to believe something 'Conservative sources' say about the Labour party? 😂

As for 'changing policy at the drop of a hat', this is what is more usually known as 'adapting policy when circumstances change' and that is a positive. Blindly charging ahead with a decision when the parameters have changed leads to failure, hence the Tories being in their current predicament.

Oh yes;

Labour is planning a major package of measures this autumn, according to party sources, and Reeves is looking for a “doctor’s mandate”: the state of the public finances is so bad, she will argue, that they will need major surgery to correct...

[source said] the shadow chancellor wanted to take a “kitchen sink” approach in order to raise tax income and pursue radical reform and investment in public services. The person admitted: “That is not what they are presenting the public with right now.”

https://www.theguardian.com/business/article/2024/jun/06/rachel-reeves-under-pressure-from-shadow-ministers-to-raise-capital-gains-tax-to-revive-public-services

So you've read the manifesto too, @Clavinova ?

I'd have no trouble with a CGT rise. None at all.

What are you likely to pay capital gains tax on?

Starmer sold his plot of land 18 months ago - crafty.

The sale of my house when I downsize. Were you assuming I'm not the kind to be a homeowner?

Starmer sold his plot of land 18 months ago - crafty

Are you suggesting he might form government policy around him saving a few quid on one small piece of land? Dont be ridiculous.

Currently you don't pay capital gains tax on your main residence - you said a rise in CGT. If I downsize I want to help my children onto the property ladder.

More than a few quid - tens of thousands. I'm suggesting he knew what was coming and got in early.

crafty

Not half as crafty as Rishi Sunaks involvement in the global financial crash.

Now that’s crafty.

£45.5 bn government bailout apparently. Considerably more crafty id say.

According to the latest tax summary, Sir Keir gained £275,739 from the land sale. He also paid £52,688 in capital gains tax after the December 2022 sale of a field partly owned by his father's estate.

I think you might be wrong.

Sir Keir Starmer paid nearly £100,000 in taxes in 2023 https://www.bbc.co.uk/news/uk-politics-68322058

BIossomtoes
I think you might be wrong

Why? What rate of tax did he pay on the sale of the land?

Well I work it out to be about 20%. What do you make it?

BIossomtoes
Well I work it out to be about 20%

Exactly my point - I thought it had been mooted that capital gains tax should be raised to match the higher rate income tax bands.

He paid the correct rate at the point of sale. Are you seriously suggesting that he should have delayed the sale for two years to pay a hypothetical higher tax rate?

BIossomtoes
He paid the correct rate at the point of sale

Yes - we know that.

Are you seriously suggesting that he should have delayed the sale for two years to pay a hypothetical higher tax rate?

The election could well have been last year. His parents died in 2015 and 2018 - he had already delayed the sale.

Do you know what Clav? I can’t take you even slightly seriously any more.

It is quite funny

That's some desparate shite even by Tory standards.

Financial Times this evening;

Labour sparks concern over potential capital gains tax hike

https://www.ft.com/content/9bd34b5e-6230-47a7-8706-b6c3bc97fac0

Good. Rishi eleven houses might have to pay some bloody tax in this country like the rest of us when he sells them and fucks off to California.

How many houses does Hunt own?

Sunak and his wife own four properties in total (including the US property) - not eleven.

Sunak paid £508,308 in UK tax last year.

Tony Blair has a £35 million property empire on account of him being a socialist - or at least he said he was in his maiden speech.

A mere 4 houses - how can he manage?

£500k seems rather light - how much money did he make in the UK?

Crikey, are we back to the sale of the donkey field?

Sunak made 2.2m and paid 23% in tax. It's so low because most of his income comes from capital gains and that attracts a far lower %% rate than workers pay via PAYE etc.

He and his wife are worth an estimated £651m, up from an estimated £529m the year before. Obviously most of that is her fortune coming from her family's ownership of Infosys, for which she is not obliged to pay tax, having paid the £30,000 fee for non-dom status. That said, in 2022 she did say she would pay tax:

https://www.bbc.co.uk/news/uk-politics-61045825