Labour

[EverythingAllatOnceAllTheTime]

No questions the Tories were bad, but Labour are on another level.

Are you still happy you voted them in? Be honest now, you are having your doubts aren’t you?

If not, you really should be.

You know is bad when it is in The Guardian. They are preparing him for bed. They used him to get to power and the radicals can now jump in

Oh if only @dottiehens. Which radicals would those be?

Leaving or simply cutting hours/productivity or exiting the workforce - in an already tight market.

Net result - lower tax receipts, less public spending.

This is pretty basic stuff.

WFA is not a left wing policy at all. It hurts vulnerable old people. And it will end up in more people in hospital etc and possibly not generate much money.

Taxing private education is a full on hard left policy because it makes zero sense for the country and will not generate any income. That is the only left wing thing they are doing. But because it will harm some children with SEND it is not even that left either.

Incidentally, there’s an interesting thread.
DH wants to move back to New Zealand.

Worth a read.

This is what is putting me off responding to certain posters - it's all fantasy. Isn't there enough actually happening to talk about?

Like i said earlier IF IF IF... have any evidence whatsoever Reeves plans on changing IHT ?

The wealthy can already avoid that quite easily, how does moving avoid IHT on your mansion????

& how does the UK compete with Dubia on tax???

Australia actually has the same 45% rate but levied at 180 AUD, about £90k.

Its all scaremongering by people who don't want Labour to succeed.

Which 'certain posters'?

You don't have to engage with anyone and if you wish to scroll past my posts I will be happy with that.

Well, the good news is - we can be led by the
newsflow. I’m confident there will be plenty between now and the 30th October.

I can start a fresh thread so we can stay on top
of it.

Sound good?

Yes this is basic stuff and not even political, just economics.

Have you seen how much energy costs? £200 is about 3/4 weeks worth in 7 month winter for someone with the heating on constantly.

Who knew sooooo many wealthy parents children were special needs..... & that so many parents using private education were on the bones of their arses.

“What about UK Inheritance Tax?
The feeling at present seems to be that the changes are overly strict and potentially unworkable. It is expected that there will be changes following the consultation.
That said, the US/UK Estate & Gift tax treaty is unlikely to provide relief for US persons who have been living in the UK for more than 10 years. However, if such a person ‘returned home’, the US/UK Estate & Gift tax treaty could remove the UK Inheritance Tax (IHT) tail much quicker than the intended 10 years. The devil will be in the detail of the consultation and subsequent legislative change, especially given the US/UK Estate & Gift tax treaty references the concept of domicile.
Importantly, for US persons who are not yet deemed domiciled in the UK, it has been confirmed that the use of trust structures can still be effective to provide UK IHT protection if such a trust is settled before 6 April 2025. Labour have however indicated that they would look to remove such UK IHT protection should they prevail at the next General Election. A watching brief is required more than ever here.”

@iwishihadknownmore - this was about non dom inheritance tax! I sent the link.
Do you really think really rich people do not have tax advisers galore who are not watching every move and change in laws?
Also interesting point about the US government vs UK government - I have my suspicions as to who would prevail.

@iwishihadknownmore - WFA withdrawal and tax on education is simply absolutely terrible policy making and makes no economic sense. Plus it is symbolic of things to come potentially - what if others are right and people are pulling billions because they do actually think this is a nutty left wing government coming for them?
If that happens, are those policies really still worth it? I never thought they were in the first place. But as others who work in finance etc say, perception matters a lot, unfortunately so.

I can vouch for this.

Believe it or don’t - it doesn’t change the reality.

I half suspect it’s people projecting their dislike of others who have achieved or attained.

That thread is (unintentionally?) quite funny!

Anything to give you a laugh…

I think it's interesting that saying I can vouch for that, or I'm pretty confident about this, is presented as if it were fact. It still isn't.

Once again your posts are littered with IF IF IF...

WFA and VAT on school fees will not force the wealthy to leave the UK..

UK/USD at 1.33, same gains against the Euro, FTSE100/250 up &Gilt yields down, year change is -11%, thats all good no?

who works in finance? anyone i know who does, hasn't the time to be posting on MN 24/7 and we've already had 2 posters who said they did but it turns out they didn't.

There is a distinction- I think another poster asked you previously.

I also have a finance background.
How about you?

I can answer you in detail but I would have to type and you would ask me more q’s.

Its also quite inaccurate, NZ hasn't CGT, it taxes unearned income exactly the same as earned.

You half suspect wrong. There are plenty of supporters of the government who have both achieved and attained. Success doesn’t need to turn you into someone who begrudges every penny of taxation to benefit the society they live in.

I've not asked you any yet... and don't intend too.

Ah but many do.

They want policy to represent how they feel about others. Deep down you know this.

Triff.

So it must be that the Tories hate anyone who has succeeded as they have increased tax rates to levels not seen since WW2.

The envious bastards.