Re: Here comes the tax rises
 

:sick:

You appear to be confusing "jumping on you" with pointing out incorrect statements…

You do you…

Re: Here comes the tax rises
 

In that job 0, I THINK my first private pension scheme was about 2 yrs later. I had the benefit of a very financially switched on grandmother who made sure I saved and invested from a relatively early age.

---------- Post added at 22:53 ---------- Previous post was at 22:52 ----------

I don’t believe I’m leeching off anyone, are you happy to be leeching off them ?

Re: Here comes the tax rises
 

do you have one ?

Did it? For who? You have some graphs and spreadsheets for this revelation?

Really???

So your parents generation were better off financially than yours? That is just historically incorrect.

So you were living at home, no one, ever that left home and lived in a private flat/ shared house has ever used the term “ board & lodge”

Because I had my first time job in 1990, which was £5,500 pa, and I paid £130 rent…..not “board and lodge” ……rent.

My landlord never “lodged” me…

Board and lodge, ff’ ing hysterical, Mum still wash your underpants for you.

Well done for capitalising off your parents.

---------- Post added at 23:20 ---------- Previous post was at 23:17 ----------

You don’t even know what you were correcting.

Good night grandpa.

Re: Here comes the tax rises
 

I rest my case. The state cannot, and should not, set minimum standards for pensions based on who did (and who didn’t) have astute grandparents with crystal balls.

Re: Here comes the tax rises
 

Grandad, actually.

Correct nomenclature is important… ;)

Good night, sprog.

Re: Here comes the tax rises
 

They wanted (still want) 35%. I'd like a 35% rise, hell, I'd take 22% if I could.

Re: Here comes the tax rises
 

No such thing as a single mother, there is a father around somwhere.

Re: Here comes the tax rises
 

No, as I hadn’t seen my mother for three years at that point , never mind nice try

---------- Post added at 07:19 ---------- Previous post was at 07:04 ----------

If I remember from searching last night I think the average junior dr. Salary was £34k and in London it was £37k

Staggered it was such a low amount

Re: Here comes the tax rises
 

A pay agreement was going to happen eventually it's just that there is no budget allocated for that when it did.

It's also not in practice a sudden jump of 22%. That's from when negotiations started. So it's some backdated pay, £1000 bonus, and a 5% real-terms increase in the take-home pay from now on. It's structured in a way that's quite hard to understand.

But their pay has also been suppressed for years which is what they're arguing about. What they want is 'full pay restoration' relative to 2008. I.E They want to be paid the same had they had pay increases relative to inflation since then.

The BMA sent them this graph to show where their salaries now are:

https://i.imgur.com/gWtTg6r.jpeg

This 22% doesn't put them on silly money relative to where their salaries have historically been. It's still lower than many countries.

You can't realistically keep eroding doctors' pay making them work for less and less in real terms and expect people to keep becoming Doctors or going abroad when they do.

Re: Here comes the tax rises
 

A budget would've already included what was on offer, so the whole 22% hasn't come from nowhere. Just as all of the 5.5% to the public sector hasn't come from nowhere.
Link

The salary for Junior Doctors isn't the end of their income.

Re: Here comes the tax rises
 

So labour take monies from Welsh pensioners to pay English doctors .
No wonder labour's vote fell in Wales

Re: Here comes the tax rises
 

Don't the welsh Doctors get a pay rise ?

Re: Here comes the tax rises
 

The British Medical Assocation (BMA) in Wales said consultants, junior doctors and specialist doctors accepted the offer for those working in secondary care.

The body representing the NHS workers said 96% of junior doctors voted to accept an additional 7.4%, a total uplift of 12.4% for the 23/24 financial year.

A total of 82% of specialist, associate specialist and specialty doctors (known as SAS members) voted to accept the 6.1% to 9.2% rise.

Re: Here comes the tax rises
 

Most increases in public spending, automatically lead to extra money for Scotland and Wales.

Re: Here comes the tax rises
 

Just a couple of thoughts:
Pensions - it is disheartening to see your pension worth less than the previous year despite adding money to it. The good old final salary pension is very rare, some colleagues who have been in the company since they were apprentices may still have them and 40 odd years can mean a nice pension but most of us are on defined contribution so we don't know what we are going to get at retirement. A state pension we have paid in for could be a vital part of our retirements.
Pensions would be in a better shape had not those running them raided the pots, and that goes for private and public pensions.


Tax - why not bring back tax on gambling, at least on more substantial amounts.

Re: Here comes the tax rises
 

:confused: Bring back, it never went away, the only thing that changed was the operator pays the tax rather than the punter, putting all the really dodgy bookies out of business

Re: Here comes the tax rises
 

https://news.sky.com/story/gps-vote-...years-13188629

And this what happens…..they see the government capitulating to the junior doctors and think, “we’ll have slice of that”.

Expect public sector action all over the shop, as they see a Labour government ready to hand out sweeties for all that want them………except pensioners.

Re: Here comes the tax rises
 

Much like they take money from English pensioners to pay Welsh doctors .. ;)

Re: Here comes the tax rises
 

If public sector workers hadn’t faced real terms cuts in their wages for 14 years their case would have been weaker.

Re: Here comes the tax rises
 

Hmmmm.

That all seems very contradictory;

and yet ....

This seems like a positive (beneficial) action ?

Re: Here comes the tax rises
 

Nothing to do with UK government, its the brilliant Welsh government whom have settled prior to England

---------- Post added at 17:19 ---------- Previous post was at 17:16 ----------

But if they want to give them self's a pay rise or create more AMs they can . Given money but can do what they like:shocked:

Re: Here comes the tax rises
 

I suppose that had nothing to do with it being Labour running Wales?
They came up with means testing the winter fuel allowance, pretty quickly. Almost as if it was planned before. Lucky that they had removed their manifesto the promise of not means testing it.
From 2019 manifesto.

Re: Here comes the tax rises
 

The Scottish government has confirmed it will follow the UK government in no longer providing winter fuel payments to all pensioners.

Re: Here comes the tax rises
 

Link

https://www.bbc.co.uk/news/articles/cz9wnyp42kwo

Re: Here comes the tax rises
 

Thats bad news ,it gets really cold in Scotland :(

Re: Here comes the tax rises
 

Yes, but at least it's not Little England ;)

Re: Here comes the tax rises
 

They're still old vulnerable people.

Re: Here comes the tax rises
 

Whose triple lock pension increase will more than cover the fuel allowance this year. Vulnerable old people are covered by pension credit, and will still get the fuel allowance aswell.

Rich pensioners in large mostly empty houses are screwing this country big time. Its time to give something back.

Re: Here comes the tax rises
 

You've got the worst case of pensioner envy i've ever come across,how is a pensioner in a mostly empty house screwing the country.

Re: Here comes the tax rises
 

We're hardened to it unlike you southern softies.

Less money for fags, booze and deep fried Mars bars though.

Re: Here comes the tax rises
 

That’s just a lie.

Pension credit only tops up anyone to a maximum pension of £11,344, so anyone with a pension income of say £11,500 would not qualify for pension credit or the heating allowance.

Unless you think £11,500 a year, is loads of money.

Labour is just the party that hates pensioners, they don’t rely on their vote, so would rather just kill them off.

Re: Here comes the tax rises
 

I got £6,500 per year as a full-time carer

Re: Here comes the tax rises
 

The last Govts decision to party, instead of deal decisively with Covid , killed many thousands of pensioners, so you're talking crap again.

£200 isn't won't help with anyone's fuel bills, but giving it to those that don't need it is daft. It needs to be targeted and increased for those that need it.

The young of this country don't have a hope of a home or any sort of decent pension. Yet they are expected to pay taxes to support current pensioners for benefits theyll never get themselves.

A rebalancing is needed to give the young some sort of hope. Otherwise they'll wisely go elsewhere , and you'll be reliant on those immigrants to wipe your backside if they can be bothered.

Re: Here comes the tax rises
 

Equally as bad, Carers allowance (I assume that’s what you’re referring to, and not that you were employed as a carer) is laughable, and don’t expect Labour to improve it.

I don’t know your circumstances, nor do I want to. But as bad as that payment you received was, you’re not seriously telling me that you think the state pension is a lot of money.

---------- Post added at 22:10 ---------- Previous post was at 21:55 ----------

I’m talking about this government.

That’s like saying to a homeless person, £50 won’t get you a room for the night, so there’s no point giving it to you.

When that £50 could really have been useful to him.

you saying a pensioner on £11,500 pension ……£220 a week….doesn’t need it?

Typical fuel bill for 1/2 bed flat is around £1,50, probably more ..at least 10% of your income.

But Mr K reckons you don’t need it.

Well, there’s a caring socialist if ever you saw one.

They’ll probably leave with all the millionaires that are going, because they can see that the U.K. is a basket case and Labour are going to try and better the Tories and try and ruin the country in 5 years not 14.

Re: Here comes the tax rises
 

Ideally, we could make the pension bigger but it went up £900 this year. How much more do you think it's realistic to expect to increase? Next year it'll be around £400.

It increases more than wages and more than any other benefit - most of which have been cut relative to inflation over the past decade. Longer term it's not sustainable if the state pension keeps outgrowing earnings. I think we probably need to look at doing something about the triple-lock when we reach parity with the average pension of some of the EU nations.

Re: Here comes the tax rises
 

I can go with that.

When our pension increases by approx another £150 a week, (France is currently £600 a month more than ours) in the next year or two, we can look at the triple lock.

Bear in mind that the massive £900 increase, is £17 a week.

https://www.almondfinancial.co.uk/pe...est-of-europe/

Re: Here comes the tax rises
 

Why should pensions get raised to the rate of EU nations for a generation who consistently voted for low tax, small state governments for the best part of their working lives?

UK pensioners have no divine right to the things they consistently voted against through their working lives in their own retirement.

https://ifs.org.uk/taxlab/taxlab-key...lly%20a%20year)

Re: Here comes the tax rises
 

Like most of these things, it’s not that simple…

https://fullfact.org/online/pensions...s-comparisons/

But jfman has a point - people/countries only get back on what they put into schemes like pensions; other points to bear in mind is that a lot of people who are now pensioners didn’t expect to live as long as is currently forecast (my parents died at 70 & 74), or were on low incomes and/or didn’t have access to pension schemes (my first introduction to Private Pension schemes was in the mid-80s, when I worked for a small Software House (around 150 employees), and they brought one in, which was unusual for smaller companies then).

As I said, it’s not that simple…

Re: Here comes the tax rises
 

And that stops when you first draw your State Pension. UNLESS you qualify for Pension Credit, then you get a small Carers Addition.

Re: Here comes the tax rises
 

Here come the tax rises………….

There go the tax payers………..

Re: Here comes the tax rises
 

Astronomers have reported that the black hole that Labour created has now become a super massive black hole and has started to form a galaxy around it ;)

Re: Here comes the tax rises
 

That’s not how Black Holes work… ;)

But, nice try, though… :D

Re: Here comes the tax rises
 

And 15% for train drivers

https://www.personneltoday.com/hr/tr...er-aslef-2024/

Border Force fancy some of the action

https://news.sky.com/story/hundreds-...ugust-13197849

Come on, one and all, name your price…..it’s the Great British summer giveaway


Sir Kier will agree to all demands, and request nothing, that’s right, nothing in return.

Re: Here comes the tax rises
 

Ultimately the politics of austerity is only managed decline. Those getting the pay rises are much more likely to be spending money in their local towns and cities than the fleeing millionaires who seemingly don’t value living in Britain enough to pay tax.

Re: Here comes the tax rises
 

What did you expect to happen after years of below-inflation pay rises? Doctors' pay got reduced dramatically over the last decade. Eventually reality bites.

Re: Here comes the tax rises
 

Its almost is if they were the only ones. :erm:

I mean, its not like my pay rises have also been pathetic ...... oh wait, they have. :td:

Re: Here comes the tax rises
 

Indeed, I can look back at my pay increases for 29yrs, and in that time only one has been above 3%, and on average they’ve been around 2-2.5 %

And without a government guaranteed pension to back it up.

Living the high life in the private sector.

Re: Here comes the tax rises
 

Poor wages aren’t in the private sector aren’t an excuse to persistently erode wages in the public sector. The housewife’s purse school of economics might pretend that one is linked to the other however the persistent Government deficits and £3 trillion of debt prove they aren’t.

---------- Post added at 16:58 ---------- Previous post was at 16:58 ----------

Yet so few people leave the private sector to join the public sector to jobs with similar, or better, wages with pensions.

Re: Here comes the tax rises
 

Anyone who works in the private sector and is unhappy about public sector pay rises might want to consider joining a union

Re: Here comes the tax rises
 

Can’t do that after being indoctrinated for four decades of flawed economics. Might as well take the private sector with the entire country down the toilet and blame immigrants for it.

Re: Here comes the tax rises
 

They might also find themselves considerably less pay in the public sector for equivalent jobs ( better pension possibly, but if its based on lower pay then its swings and roundabouts). Each person's choice where to work, but given the many vacancies in certain areas of the public sector and the erosion of pay there over the last 14 years, then we can see where most have chosen. Move to the public sector and take a pay cut if they want.

Re: Here comes the tax rises
 

It’s not the public sector wages - it’s the agencies that milk it for temps or contractors under the guise of “helping”. Agency nurses. Look up the daily rates of the folk who worked during Covid contact tracing. Daily rates of many hundreds of pounds to do…. Admin.

Re: Here comes the tax rises
 

That’s always the puzzle when people comment on public sector pay and benefits. On one side, public sector employees get great things but on the other, nobody wants to work there. Teaching is the best example of he rhetoric where, if everything said about the teaching profession is true (working until 3:30, having school holidays off, etc.) you would expect people to be queuing round the block for some of that action. Instead, there’s a huge shortage of teachers for some subjects

Re: Here comes the tax rises
 

There used to be a lot of truth in that, but not so much nowadays. Much of the low skilled work has been outsourced to private contractors.

Professional jobs still require professional salaries.

Chief execs can earn astronomical salaries, without the jeopardy of being ousted by shareholders.

Re: Here comes the tax rises
 

That's not an argument for not at least matching inflation in the public sector. Maybe if the public sector wasn't bad so badly then the private sector would need to follow suit.

Incidentally, the private sector did see much better increases than the public one: https://ifs.org.uk/publications/rece...%20by%200.3%25.

Over 10 years it's even worse for those in the NHS:

As I said before how long did everyone really think this could last?

Re: Here comes the tax rises
 

Tbh for some since it’s completely ideological they probably assumed it could last until every public service was essentially outsourced, profits offshored, workers rights eroded.

NHS functions getting outsourced is a profit making opportunity for someone. Similarly why pay a teacher when a teaching assistant can babysit just as effectively to let mummy and daddy work 50 hour weeks for tax-credit topped up poverty wages? More profit out there for someone.

You only need to look at England’s water “industry” see where it all goes.

Re: Here comes the tax rises
 

The Civil Service department I worked in was outsourced to a private company, with all buildings, stocks, spares, contracts and personnel handed over.

The private company used to be a Civil Service entity itself, so was headed by ex-Civil Service bosses who still had the Whitehall mentality and disdain for the lower echelons of staff. Every one of their technical staff told me that they hadn't had a pay rise in many years, they had to do many hours of unpaid overtime just to keep on top of their work, and many were planning to resign.

Most of the senior and admin staff moved sideways to other Civil Service jobs, but the technical and support staffing was gutted from several hundreds to a few dozen across England and Wales. Luckily, we were protected under the Transfer of Undertakings (Protection of Employment) regulations (TUPE), so our pay, conditions and rules for redundancy stayed the same.

But that did not stop the new owners from trying it on. I, and many others, were selected (illegally) for redundancy, and were blocked from automatic promotion, and the associated pay and pension rises.

It was the eve of the Industrial Tribunal that the new owners relented, and had to pay out for redundancy levels as per TUPE. They also had to pay us compensation for illegal selection for redundancy. KERCHING!!!

Within 6 months, the department's buildings had been sold, along with the stocks and spares, the last of the staff had been made redundant, and the contracts moved to yet another company. The customers were given very little notice to look elsewhere for someone else to look after them.

It was many years later, a month before they had to start paying my pension, that I got a letter from them demanding that I sign an attached letter and return it by prepaid courier. I smelled a rat, so after a flurry of emails and phonecalls, a bod in Whitehall told me that I had "fallen through the cracks" and that the pension rate the owners wanted to pay was not anywhere what it should be under TUPE. Signing the letter they had sent would have nullified TUPE.

My first payment was at the paltry rate, but then I was informed by the same bod in Whitehall that I would soon receive the correct rate and full backpay. But a few months after, I was informed that I had been awarded promotion in retrospect, so would receive an even higher rate of pension and backpay.

So much for gold-plated pensions and job security in the Civil Service.

Re: Here comes the tax rises
 

As the title says "Here comes the tax rises".

https://www.bbc.co.uk/news/articles/clyn01p5npgo

Re: Here comes the tax rises
 

Gruel for the next few years unsurprisedly with hopefully some jam at the end of it.

Re: Here comes the tax rises
 

caviar and champagne for doctors, train drivers and friends of the communist party of gb

Re: Here comes the tax rises
 

While pensioners make the choice of heat or eat.:rolleyes:

Talk about the truly nasty party.

Re: Here comes the tax rises
 

Apparently pensioners don't vote labour so they are expendable.

Re: Here comes the tax rises
 

Rather them than chums and donors who were whisked up a vip lane to the champagne and caviar trough to fill their boots, don't remember you complaining much then smurf so sit down and stop with the gas lighting, the frozen tax allowances and years of under inflation pay rises are what's led us here, all so people like michelle mone could rip the backside out of the country

Don't think Alan Sugar is choosing between heating and eating but guess what, he got the winter fuel allowance for years, what an unbelievably nasty party :rolleyes:

Re: Here comes the tax rises
 

With a £22 billion financial black hole that the previous government left the new incumbents, hard choices have to be made and the Tories would have had the same hard choices if they had retained power.

Re: Here comes the tax rises
 

The best thing about a Labour Government is the people who suddenly care about benefits being cut. They're right of course but it would have been good to have their support when it was literally every other sector of society being targetted.

Re: Here comes the tax rises
 

i wonder how many labour MP's will be unhappy about benefit cuts once parliament reopens.

Re: Here comes the tax rises
 

Probably quite a few, especially with energy prices going up

Re: Here comes the tax rises
 

Was the Prime Minister's speech yesterday from Downing Street's rose garden accidentally mixed up with the lyrics of Lynn Anderson's hit of the same name from the 1970's?

He seems to be singing the same old tune: https://www.youtube.com/watch?v=8iAKUqzID4o :D

Re: Here comes the tax rises
 

I doubt the Tories would have capitulated so easily. Didn’t seem like a hard choice to give out the recent pay bonanzas, with more to come no doubt.

Re: Here comes the tax rises
 

They knew they weren't going to get back in Den, so took the money for themselves and chums and ran.

Time for the idle rich to shell out. The good times are over for them. Landlords, share speculators, ex tory mps, might have to get off their backsides and do a real job. It's an outrage ( we'll it is according to the Torygraph). Their kids might even have to join the riff raff in a state school, it's appalling...

Re: Here comes the tax rises
 

But they won't, they will start with the easy targets!

The first will be on money earned via PAYE, it's the only source of income they are guaranteed to collect. The first target will most likely be pension tax relief, with think-tanks saying it costs a lot of money. (That always gets me, the left seem to think it's free money being given to others but not them)

I also suspect that pay per mile and free parking provided by an employer could be potential targets, anything that hit those who work.

They may not touch employee tax or NI, but it will likely be employers NI that will increase. Corporation tax is another likely area that they will target, the knock on will be stagnation of wages except for those working for their unions.

There are too many Labour MPs with property portfolios to hit landlords, they will need private landlords to house all the immigrants that are going to get amnesties and the ones he will agree to take from the EU, unless of course Angela meets her house building target.

They won't be chasing unicorn tax from the rich, it will be the easy targets that get clobbered.

Re: Here comes the tax rises
 

Sounds like the turkeys just voted for xmas

Re: Here comes the tax rises
 

I’ve avoided this thread until now because I didn’t think I could engage with anyone who somehow still managed to hold their head high and vote Tory without blowing a gasket.

All I’ll say at this point is that I seriously doubt that any non-traditional Labour voter gave Starmer their vote this year thinking that Labour wouldn’t put taxes up. It was painfully obvious that Johnson, Truss and Sunak ran the ship so hard against the rocks that we were all going to end up paying for it.

And yet here we are with a thread of 170 posts and counting, liberally sprinkled with with pearl-clutching, faux-outrage and performative ‘I told you so’.

It’s 24-carat bovine excreta.

Re: Here comes the tax rises
 

Another easy target is the Tax Free Allowances, freeze them for even longer.

Of course, if you're getting a 20% or more payrise, you might not notice so much.

Re: Here comes the tax rises
 

Looks Capital Gains is going to cop it.

There’s already a risk associated with investing.

So you invest your cash, and if you invest it wisely they’ll take more off you.

So if you invest it and lose it all, I doubt they’ll come and compensate you.

So then less people will be inclined to invest in the economy………….genius. There’s a policy for growth right there!

Re: Here comes the tax rises
 

i wouldn't invest a penny in this country all you get in return is fleeced.
labour are all about the politics of envy.

Re: Here comes the tax rises
 

Don't know about Labour but I certainly envy Michelle Mone , Matt Hancocks landlord and all the other duckers and divers who creamed off £millions of public money at the Tory trough of plenty. £60 Million would come in quite useful on big shop day.

Re: Here comes the tax rises
 

The 20% payrise is unlikely to be the end to it, once they see that the tax increases have eroded what they were expecting to have in their pocket, they will be asking for more.

ps. O think continuing to freeze tax allowances is a given.

---------- Post added at 20:35 ---------- Previous post was at 20:26 ----------

It's not that those that voted for Starmer didn't expect him to hike tax, but they were silly enough to think he would be getting extra dosh from the rich.

I must admit that I have been having a good laugh about the fuel allowance, because the pensioner friends I have that are complaining the most about it are traditional Labour voters.

Re: Here comes the tax rises
 

It's the same with Minimum Wage / Living Wage.

The government tells bosses to pay their lowest paid workers more. That means the bosses pay more in National Insurance and the workers pay more in National Insurance and Income Tax.

Then the bosses increase the cost of their goods or services to pay for the rises.

As it spreads, the Cost Of Living increases, nullifying their pay rises.

"Please Sir, can I have more?"

"Someone in a full-time permanent role working a 40-hour week will earn a gross annual salary of £23,795.20, up from £21,673.60. £424.32 extra IS for the Treasury. From 1st April 2024, the National Minimum Wage for 18-20 year olds will be £8.60, up from £7.49."

Re: Here comes the tax rises
 

That's probably demographically unrepresentative though. Pensioners as a block are Tory learning, even in 2024, but we're talking about ones who are - on paper anyway - 'better off' so probably the strongest Tory demographic in the country.

---------- Post added at 21:21 ---------- Previous post was at 21:17 ----------

Well, they already were. Their whole thing is 'Full Pay Restoration' which is to be paid what they were in 2008 in real terms. Not so much on tax but relative to inflation. They will come back to it.

Remember the full pay increase is not a literal 20% bump to their annual salary but an amalgamation of prior raises already agreed, one-off bonuses and a 5% actual salary bump IIRC.

Yeah they're not gonna move for the entire Parliament.

Re: Here comes the tax rises
 

Loss making ventures can be offset against profitable ventures, thus compensating investors by reducing the amount of tax paid.

Re: Here comes the tax rises
 

If you own a small business - or even a somewhat bigger one - you can choose to pay yourself mostly or almost entirely in share dividends. This income is taxed as capital gains at a far lower rate than income tax.

And yes, if you make profits some years and losses in other years, then you can offset your losses against your profits to reduce your tax bill - in that sense they absolutely do ‘compensat’e you.

Well-off business owners with wily accountants are legally avoiding significant amounts of tax by being able to choose the way their income is taxed in the way a regular PAYE employee can’t. It’s a loophole that needs closed on a point of principle and which will bring more money into the exchequer into the bargain. It’s hard to make a direct comparison but federal income tax and capital gains tax rates in the USA, for example, are much more closely aligned than they are here, and the USA has a far more positive attitude towards capital investment than we do.

If aligning our income tax and cap gains tax rates causes investment here to plummet then we have far deeper problems than a tax rate.

Re: Here comes the tax rises
 

That's possibly the case as this area has had a large Labour majority for over a hundred years. Walking around town (what's left of it) and it would be unusual not to hear glum or angry conversations amongst older folk about "The government". Even when the conversation aimed at Westminster was about something under the control of Labour in Cardiff bay.

it seems like suddenly talk of politics is off the menu, I'm not even hearing older folk around here vent their anger about the heating allowance, they may just share the meme's on social media but they are not discussing it in public.

The mention of politics which was the favourite subject of the Labour voters only a few weeks ago, now it results in lost eye contact and scurrying away.

But never mind, it will all be forgotten along with the past 25 years of Welsh Labour performance by the time the 2026 election in Wales comes around.

Re: Here comes the tax rises
 

I don't, but i do have a modest share portfolio

Re: Here comes the tax rises
 

Remember that if you are running a small company and you are the sole employee, you personally have generated all of the revenue. The business will have operating costs on a daily basis, investment in equipment etc, accountancy fees, PAYE fees, the cost to process and collect VAT for HMRC, insurance fees such as professional indemnity and public liability. If the director takes a salary there's employer NI and finally the corporation tax. The director can only take dividends out of what's left after all of this has been paid, but remembering to leave a surplus of retained profits for lean periods.

Offsetting losses is not much help in reality for a small business if there's a lean time where there is little or no money being generated.

Do they pay double taxation in the USA as we do when a contract has been deemed to be inside IR35?

Re: Here comes the tax rises
 

I think people want to switch off from politics for a bit now anyway. They want things to get better but want less day to day drama from Westminster.

---------- Post added at 19:13 ---------- Previous post was at 19:11 ----------

So do I but they're mostly wrapped up in tax-free wrappers. (SIPP, ISA).

TBH I don't care that much even if I had to declare it because it would still mean a profit. I don't turn over massive sums on dividends that it would be a big issue for me, my main income is my salary which had been hit harder by fiscal drag and will continue to do so for this parliament.

That is what will impact most people IMO.

Re: Here comes the tax rises
 

I wish, these days its pretty much all anyone posts about.
The forum used to have many topics related to current events.
These days all anyone seems to do is argue about US or UK politics. :sleep:

[ That and streaming :erm: ].

Re: Here comes the tax rises
 

I think they are more likely embarrassed about it. They have complained for the past 14 years, and now they have got what they wished for they suddenly realise things are going to get worse for them not the rich.

Re: Here comes the tax rises
 

Those that voted to be much poorer will now be happy.

Re: Here comes the tax rises
 

They were certainly happy on 24 June 2016. Many no longer are. ;)

---------- Post added at 09:32 ---------- Previous post was at 09:30 ----------

Agreed.

Re: Here comes the tax rises
 

TBH They're the one group the Tories didn't cut benefits for and even increased quite a lot. As said earlier all those on the state pension are getting £900 extra this year.

If even all that wasn't enough to vote for the Tories - who were still promising more benefits for pensioners at the last election - then I am not sure how realistic their expectations were in the first place.

I doubt many people voted Labour because they wanted lower taxes or higher benefits for pensioners, these were not promises from Labour. People voted for them based on the state of the economy, housing and public services. That's what they'll be judged one.

People treat this country as a retirement home with a G7 economy attached. The idea that it's more important not to means test the winter fuel allowance than make a step towards paying doctors closer to what they were paid 10 years ago, and what they would be paid elsewhere in the Western world, gives us a clue into how the NHS has become the mess it is.

Re: Here comes the tax rises
 

In my area they just voted for Labour because their families have done so for the last 100 years.

Vote Labour, complain about them for 5 years, then vote Labour again. Admittedly the complaints haven't really started yet in this area, they will wait a few months until they think everyone forgot that they voted for them.

One that surprised me when attending a 60th birthday party last weekend, was an old school friend who is well into his politics. He's worked in the nationalised industry and has always been a strong union and Labour supporter. I accept that he's fairly intelligent but I completely disagree with his political views. When he approached me I was expecting a heated discussion about politics, but he said "What do you think of this lot, I voted for Reform". I was left a little surprised, and just responded "I did too". Who would have thought we would have voted for the same party.

Perhaps the tide is turning.;)

Re: Here comes the tax rises
 

Maybe although again be cautious about extrapolating from anecdotes.

About 3% of Labour voters in 2019 went reform compared to about 25% of Tory voters: https://yougov.co.uk/politics/articl...neral-election

That also shows that pensioners remain the Tory's most dependable bloc.

I think the biggest thing will be if Reform voters return the Tories or not. If you look at that link I think the biggest threat to the Tories is how much people who are in work and/or don't own homes are leaving them. Reform could become the right-wing party attracting those voters if they're not careful.

Labour on the other hand need to deliver for people in work and who want to own homes. If they don't do that, and improve the NHS, they're screwed as well.

Re: Here comes the tax rises
 

https://news.sky.com/story/deputy-pm...isher-13205971

Great that she’s having such a brilliant time, whilst her party cripples pensioners and attacks anyone that has tried to save for their future and then hands over the proceeds by capitulating to junior doctors, train drivers and no doubt anyone else that will ask.

---------- Post added at 21:57 ---------- Previous post was at 21:53 ----------

Labour getting their cronyism in early doors.

I may be being unkind, but it reads a lot like, Tories are out, Labour’s in, can we just not look too hard at Labour now?

Re: Here comes the tax rises
 

Yes, its good that people enjoy their holidays. :D

Of course you are, but thats expected of you these days. :rolleyes:

I have no love for labour, but picking out people for having a good time on holiday ? Just more of your nonsense. :td:

Re: Here comes the tax rises
 

We’ve had 14 years of this going on one direction, I’m sending it the other way ……..and now you’re upset ?

Re: Here comes the tax rises
 

Huh :confused:

...... Nope.

Re: Here comes the tax rises
 

What do you think should have been done about Doctors' pay? You seem very angry we can't just keep paying them less and less in real terms. If it makes you feel better they're still among the worst paid in Europe, America and Australia and much less than they were paid 10 years ago.

No, it's just an observation that people are more disengaged with politics now the election has happened and the Tories are out. It's pretty much true of all Governments which is why, 5 years out from the election, they tend to do the more unpopular stuff in the budget.

Re: Here comes the tax rises
 

She's just avin a good time in eyebeefa before she bans it for everyone else.

Re: Here comes the tax rises
 

Assuming that individuals are in a financial position to be able to do so, I agree, but they're not. Some people have done extremely worthwhile, but low paid, jobs that benefit society or have been unable to
work at all because of caring responsibilities that save the taxpayer a fortune.

---------- Post added at 14:59 ---------- Previous post was at 14:51 ----------

In lean times small business owners are able to claim means tested benefits just like anybody else. However, the changw of calculation rules since the introduction of Universal Credit is now causing some problems (in particular for farmers) as is the use of a notional minimum income (whether actually earned or not) after one year.