The budget will be 'painful'

[darada]

We're going to get absolutely bent over a barrel aren't we?

I fear the middle classes are going to be hit hardest because the poor don't pay that much (not unreasonably) and the very rich have access to accountants, lawyers and advisers and therefore will wriggle out of having to really pay.

I don't mind paying my fair share but I fear we're going to be squeezed and the money is going to be wasted a lot of it.

Anyone else feel a tad dispirited like me?

If someone's having panic attacks linked to their job then yeah probably time to think about another job

Perhaps someone from lower down will still deem it worth it to do his job as they don’t have the same outgoings..

Allow those planning permissions to count against the councils targets.
At the moment, unless the houses are built they don’t count. Forcing council planning departments to grant more and more permissions or have a shortfall.

If the given permissions were counted the developers would be forced to start building or future applications would be more easily refused.

It has taken him 20 years + PhD to do this job, it's not as simple as "someone from lower down" simply stepping in to do his job.

So there isn’t anyone with his/a similar PhD and less experience anywhere at all ?

To those people rubbishing this list, WAKE UP!

This is exactly what's on the horizon, and some of it very soon.
DH has very recently retired and has been having lots of conversations with financial planners as a result, and most things on this list are being discussed.

DH has been self-employed for most of his life and has therefore more invested in a SIPP than in company pensions. The fact that Labour might change the rules around SIPPs is terrifying - it's like having a rug pulled from underneath you after a lifetime of planning for old age.

The other thing is that many things could become law instantly on 30th October - there is no obligation to give notice.

Yet another thread where the OP throws a grenade and disappears. I don't know why we bother continuing to comment.

@twistyizzy if no one else can do his job, the employers will increase the pay to mitigate the tax rise. Market forces will operate.

In a country of 60 million people probably yes but someone with less experience couldn't do the job. There is a naive notion that high earners are no more skilled than those lower down the ladder, in most sectors this simply isn't true and they just aren't dispensable/easily replaced. That's the whole reason why they earn what they do. DH works in big pharma and has responsibility for the quality of drugs leaving site, I'm sure noone wants anyone in that role who hasn't got sufficient experience. His name is on the sign off so he is legally responsible if anything goes wrong with that drug once it leaves site.

We complained about last government , and now this one!
who knows what they have planned?
a liberal government might have done better, it’s done now

I totally get tat having worked in care, and the responsiblity of drugs

While not easily replaced, I would be surprised if anyone is so vital that they are utterly irreplaceable even in a role such as your DHs.

Any company with any sense would have some kind of contingency in place - even if only for in the event your DH was accepted a job from a competitor. Or even off sick.

Same old shit. 2014 the departing Labour government left a note in Treasury saying ‘sorry there’s no money left’ or words to that effect, and in came the Tories with austerity to fix the problem. Now we have a new government with their excuse to continue with squeezing services and the tax payer.

Fortunately there are enough wealthy Labour supporters to ensure that there will be loopholes applied. We just need to wait for those loopholes to become apparent and weather the storm until then.

Like many others, I don’t mind paying taxes if I am getting a decent service. However fixing the health and education needs more than just money, it needs a solution that no one seems to be able to find.

Maybe, I challenge you to cure Parkinson’s, there isn’t one, nor most neuro conditions, def unfit for work and struggle every day, i’m 62, has Parkinson’s 7 years.
Def not lazy, even the death of Rob Burrows from MND, forgotten, yes by all means tackle those with mild depression, and minor stuff.
Pip helps those who are working too

The State Pension should be phased out gradually (long term) by legislation progressively forcing private pension contributions to rise.

I absolutely disagree with this. This is not what I was led to believe. If I worked all my life, got my full years of NI then I will get SP.

I don’t have a private pension, I did the sums & I can manage on what I was going to receive.

I have some savings but nowhere near enough to retire on. My life savings were for treats/necessities to run alongside my SP.

I will spend the fucking lot of they start saying there will be no pension.

I just sold my rental to a cash buyer who works abroad a lot t and wants a UK base d s that’s one less rental available as a direct result of Labour short/sighted policy of envy.

@StarDolphins If the state pension was abolished I would leave work tomorrow, live off my savings and cash in my small private pension. Like you I could live off the state pension. But with savings and small private pension only I would be no better off than if I was only getting the state pension.

Also leaving my teaching job and taking the pension as they are threatening to remove the tax free lump sum. So one fewer teachers in an area with unfilled vacancies. Otherwise would have happily carried on for four more years.

Hilarious. Which school of economics did you study in?
There is often talk of high earners fleeing high tax regimes but this idea would actually make sure it became reality.

It’s absolutely crap isn’t it. I can’t even fathom setting something out that would happen if we did what was expected for someone to then say “actually sos, I know you’ve paid your full 35 years but you can’t have it now”. Fuck that, I will get the latest car/Iphone & stop buying on Vinted then🤣

Then just give up work & let the money run out!

I do not agree with setting a maximum wage. But I think the state could say they will only contract with companies that have a minimum and maximum level of pay. The state should only be contracting with those who pay the Real Living Wage.

I don’t think means testing or even abolishing the state pension would work if people have paid NI. Wouldn’t people demand their contributions back - with interest?

I am rather afraid of the potential abolition of the tax-free lump sum you can take on retirement. Such measures will only work very short term, as pension savings will plummet if they are deemed not to be worth it.

Something needs to be done about welfare. I know someone on PIP with anxiety. They get a free car!! A particular benefit that irks me is child benefit for dcs living abroad. All you need is a NI number and then you are “entitled”. It is much abused, and meanwhile the usual schmucks got it taken away.

We can do without the "talented high earners", as they're often referred to, that are only talented in the sense of being great at hoarding their own vast wealth.

"Studies have shown that most wealth holders who live in the UK have ties here, want to be here, and want to contribute as citizens. Tax levels are a minor factor in their decision to relocate in comparison to factors such as family and social ties, schooling, and overall economic stability"

Lots more evidence here >>
taxjustice.uk/blog/wealth-taxes-will-cause-the-rich-to-flee-12-wealth-tax-myths-debunked/

They don't get a free car ffs they pay for it with their mobility allowance. They must have provided a huge amount of evidence to back up their claim.

I'd like to see some new ideas. As evidenced by almost all the replies on this thread, people hate being taxed on their income. So tax them on their spending instead - the rich spend more so will pay more tax. Increase VAT - better still, create a new range of VATs that can be added to items such as luxury goods. Increase tobacco, alcohol and fuel duty. Introduce new taxes on unhealthy foods.