council tax band G & H to double

[StrawberryThief1930]

has anyone seen the rumours that the council tax rates for bands G and H are going to double?

I know everything is just rumours at the moment but im worried this one might stick. easy to implement in an existing system and doesn't require the revaluation of thousands of houses etc.

I'm about to buy a G band house. Seriously questioning whether we can afford it. The current council tax is £4k a year. so £8k a year. Over £300 a month more than we had budgeted. we have spreadsheets coming out of our ears trying to check we can afford this house. Buying with a 40% deposit. im sweating...

anyone have the same worries? or further thoughts?

Very much so and this has been happening for decades.

Those wealthy pensioners were the poorer younger generation once.

That’s true, which is why you would expect more empathy.

In what form?

I very much doubt today’s younger poorer generation will be any more empathetic when they are the wealthy pensioners.

No they weren't! Historically, pensioners were the poorest generation and died a few years after stopping work, on average. The current generation of pensioners is an anomaly. They are the wealthiest generation ever to have existed and that will ever exist (their children, grandchildren, etc are and will be poorer). Policies such as benefits to all pensioners are now decades out of line with the reality. Of course some pensioners are poor and should be supported but there are now a lot more children growing up in poverty than pensioners. Why is hardly anyone concerned about the poor children and so many complaining about pensioners?

Read my post again. Focus on what I wrote, not what you think I wrote.

But that’s the point isn’t it? All the mechanisms that were utilised by the current cohort of pensioners have now been removed?
So they won’t be wealthy pensioners.

I already read it but don't think there is any merit to it at all as I've attempted to explain. To try to make it clearer, today's pensioners had far better prospects when they were 'poor young people'. They grew up and worked during a time of economic prosperity, they benefitted from massive asset price inflation. It's a false comparison.

They won't be wealthy pensioners!!🙄

If you RTFT taxing an asset doesn't mean your income has increased to pay that
If you RTFT it could easily lead to people stuck in negative equity.

Agree

The WFA as a blanket ban on all those not receiving pension credit meant those on pension credit actually ended up receiving more than a person on a full state pension. They hadn’t done their maths so it was right that that was reviewed.

Labour backbenchers should not hav voted out the welfare review and tbh, given that the review was set up by the Conservatives neither should they

The benefits bill is unsustainable ( we all saw the projections ) and Labour need to work on that more

The whole point of acquiring assets is so that you can liquidate them when you need them
If you need your arse wiping or a bit of toast making for you because you’re not capable, you need to liquidate your assets
That doesn’t even necessarily mean selling them, but a charge will be put against your house that is entirely reasonable
But apparently that was unpalatable so now we’ve all got to cover the costs of social care and we’ve all got to have charges put against our house if we’re not able to liquidate assets whether we need our arses wiping or not

That’s a classic response.

Years of earning, no longer having children at home so reduced costs
Increased wages due to working longer
Of course they will be better off than they are when younger
Now they even have 30 free hours of childcare aswell and UC that pensioners never had.

Once you offset UC on a household on min wage and 2 kids the tax and ni combined is just over £100 a month

If people, of any age, need to go into care all their assets are taken into account
Those with no assetts get it for free ( ie paid via their benefits ). and are subsidised by those who do
On average the subsidy is £10,000 a year if you research the facts

Meanwhile your post comes across as very rude to all those who need care and support.

During their time there wasn’t such a huge welfare budget
Its crippling the country and needs to be tackled

If people, of any age, need to go into care all their assets are taken into account

Care in the home doesn't involve house value does it @DrPrunesqualer , most people don't go into care homes.

During their time there wasn’t such a huge welfare budget

@DrPrunesqualer based on what? they didn't have the demographics like today but social housing was far more prevalent, families also tended to be larger.

Now they even have 30 free hours of childcare aswell and UC that pensioners never had.

Fewer mothers worked f/t so childcare was not needed and any that existed was much cheaper. Most UC goes on housing costs and it was cheaper back in the day. Surely this isn't brand new info for you?

A tax on house sales that are extended, as it’s basically developing, would be a good tax to introduce

It could be linked into the cgtax department of HMRC if b control forward all approvals so wouldnt be expensive to run

Meanwhile cgtax increases in line with income tax would make the system fairer.
currently it’s 18% and 28%

Based on every piece of economic analysis available
heres just one of many many out there

My post was intended to come across as being very rude to those reluctant to pay for their in-home care, Despite being able to, in order to game the system. And often against the best interests of the person receiving the care in order to hold onto the inheritance
Do not tell me that doesn’t happen. I’ve seen it with my own eyes.

My UC calculation that gave a figure of just over £100/month didn’t factor in any housing as the allowances vary so much by area so I left it out

If housing is factored in it’s a -ve

So nearly 8 years out of Date