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.

I don’t recognise that description.

Nor do I subscribe to hate.

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

Is tax decreasing or increasing with Labour?

They'll have the lovely award of the highest since WW2

Yes I wouldn't pick NZ out of all options

It doesn’t matter whether you recognise it or not. Taxation is the highest it’s been in over 70 years. The Tories did that.

And it's going up again

Labour are doing that. Highest since WW2 award for them.

FFS of course the pound is rising right now against the USD, they just cut rates!

@iwishihadknownmore

Just looking at NZ tax rates and given that dividends taxed are at 33% and the same as the $70k to $180k income tax bracket then it's beyond me why would anyone set up their own business in NZ ??

So you risk your capital investment and potential bankruptcy in a company that may or may not be a success. And if it is a success after all that risk then you get taxed at exactly the same rate as if you were employed in a nice safe salaried employment.

It would be completely illogical for anyone to set up their own business in NZ.

Ask the OP on that thread who said NZ is a great place for low taxes and the UK is about to go down the pan?
Or ask the pp on here who held up that thread for why people are supposedly leaving the UK and then said they are some financial wizard?

There have been 1 or 2 interesting threads recently about emigrating to NZ - 'Mumsnetters' are relentlessly negative about it tho' financial reasons haven't really featured much in the previous ones

I love it how the wannabe Islington crowd on here
think everything is premised on the Labour divided.

Talk about spin - Mandy would be proud.

’Wewishyouhadknownmoretoo’

Is this an attempt at humour?

FFS indeed, the £ has been doing well for months now, despite our cut in rates last time round.

BoE FED are fairly similar now.

Seems that markets have little more trust in the UKs economy and outlook than you have.

Now some of that credit has to handed to Hunt who did stabilise the UK very well.

Markets like stability.

The post election price action is in part due to that.
30th October will be seminal.

Oh and weakness in the eurozone flatters the pound.

The Fed we know.

https://fullfact.org/economy/70-year-high-tax-burden/

So we can add another year on and say highest tax burden due to Labour

Well not yet as they have changed no taxes and been in power less than three months.

The point of my post was to demonstrate to that poster that @blossomtoes comment was not a joke but a fact.

I can't read the whole thing as paywalled, but the headline suggests the Telegraph agrees.

https://www.telegraph.co.uk/business/2024/03/06/taxes-soared-record-high-14-years-tory-rule/

They are evidently not apolitical so forgive me if I don’t rely on it.

Ive lived through Callaghan - not keen on reliving it.

Did you see the Telegraph link?

In the best traditions of one of the other posties on here - no, I’m not interested.

I know it can be hard to admit you are wrong. How about the FT?

www.ft.com/content/ec845f58-890a-4e48-99df-2993b92bb37a

they have changed no taxes

This is incorrect. 20% VAT is happening. Labour will have the highest tax burden since WW2

And that's before whatever they announce in the budget.

Ive lived through Callaghan - not keen on reliving it.

Gosh that's a long time ago - were you a toddler at the time?