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Your predictions under Labour
So what are your predictions?
The Minimum Unit Price for Alcohol will be extended to England, and hiked for the whole of the UK "to help the Hospitality Sector". Revaluation of all homes for Council Tax increases. Congestion Charge extended to EV's. A full roll-out of 20mph speed limits, LTN's and ULEZ. Road Charging. Parking Charges at work. The removal of the Tax Freeze on fuel. Hefty taxes and restrictions on vaping. The continuation of the policy not to increase Personal Tax Allowances. Disabled people pushed towards work and/or training. Disability Payments changed from cash to coupons for devices and modifications. Streamlining asylum applications by reducing checks. Recognising Palestine. A law protecting islam from blasphemy. Building on Grey Land. A tax designed to push people to spend rather than save. A tax on internet usage. Whatever the Unions demand. |
Re: Your predictions under Labour
You are kidding yourself on if you think the Starmer government is in the pockets of trade unions.
Significant effort went into purging the party of any semblance of a left wing party. Despite the popularity - along the population at large - of some of the policies in previous manifestos. I predict an extremely vanilla two years before being prodded into action by a slump in the polls. Whether that action is a lurch to the left or right is a toss of a coin. |
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Re: Your predictions under Labour
Easy prediction and that is we won't have the daily psychodramas, arrogant entitlement to power and internecine warfare we had constantly under the Tories.
That just in itself is a improvement. As for policies well nothing is working in this country so the only way is up. |
Re: Your predictions under Labour
A load of we didn't say that, we offered nothing and a load of nothing is what you get.
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Re: Your predictions under Labour
As he has concentrated on telling the voter what he's not going to do and not what he is going to do, It's difficult to predict. The question is, will he do very little or will he be Blair 2.0.
He can't do much different unless he hits the public with higher taxes, he's unlikely to grow the economy. So I guess he's either going to have a short honeymoon period until those that voted for him realise, or he's going to get radical. He doesn't seem like the radical type, he's Mr cautious but it depends on who he has advising him. (Maybe Blair!!!!) * Give the Welsh Assembly more powers. He can then distance himself from them and the shambles they have been responsible for over the past 25 years. (I refuse to call that town hall council a government) * Some spite taxes on those in the middle earning a good wage to appease those that suffer from envy. They know they can't tax the rich, so better off workers are an easy target as the are generally despised by those on benefits, low paid, part-time or pensioners. * Further privatisation of the NHS by stealth with PFI type deals like the last Labour government. What they have said about increasing the contracting of NHS patients to private hospitals would have resulted in screams of "Privatisation of the NHS" if the Conservatives had proposed the same. * Building their 40 new hospitals will most likely be some sort of PFI deal with the private sector. The Conservatives couldn't afford it, but perhaps he's going to screw those in the middle enough to pay for it. * GB Energy or whatever it's called is just another deal to throw money at the private sector. Even if does reduce energy bills it will have been funded by the extra tax collected from the worker. * Abolish the 40 & 45% tax relief on pension contributions, and reduce the annual allowance from £60k back to £40k. (Envy tax) * Abolish the 25% tax free amount that you can take from your pension pot after 55 year of age. (I could foresee an election and a Labour government later this year, so even though I didn't really need the money when I combined my private pensions in April this year I took my 25%) All in all personally I find it depressing, I'm less than 2 years off 60 which is when I plan to retire or partially retire. So from a personal point of view I'm hoping he ignores his advisors and follows his gut instinct, which means he will probably procrastinates for at least a year and then do very little. I just wonder how long it will take for the centre-left to realise, or should I say admit, that things are no better. |
Re: Your predictions under Labour
Very few carrots. Just bigger and better sticks plus a lode of woke nonsense.
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Bring on those hidden tax rises for those that are bleeding us dry. |
Re: Your predictions under Labour
They have no money to do anything, so it’ll be token gestures in the culture war.
And tax rises. |
Re: Your predictions under Labour
I don't expect a lot of drama, as there is a huge mess to sort out.
Tax thresholds won't change - this will impact pensioners and would be the same had the Tories got back in. Much will be expected from the Covid corruption Tsar claiming funds back, but this will take years. The low and middle earners cannot be taxed more as this would be self defeating. Ultra wealthy may find they are taxed more, along with those who make money from property, again this will only affect a few. I have already received a leaflet from Labour outlining their first steps. None of which are hugely contentious or massively ambitious. |
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The trust where I live has been using private hospitals ever since then, I had an NHS op in one a couple of years ago, because my wait was about to breach their target time. It frees up NHS capacity to concentrate on the more complex cases that can't be done in the private sector. |
Re: Your predictions under Labour
I have no idea on what's to come or how they're going to sort things out. But for me to feel cautiously optimistic is at least a step in the right direction.
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Re: Your predictions under Labour
ID cards is one to watch. Last Labour government wanted them and it could help with immigration which is one area Labour will be going all out to combat.
Although as soon as I type that they're on tv denying it. |
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Most people have ID of one sort or another, so a central (Simple) ID card doesnt seem that bad an idea. What I disagree with is the various proposals to store all sorts of personal information on them. Thats a fraudsters dream when people lose them (or the get stolen). Photo, name & DOB are pretty much all you really need.
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And having to pay for them of course. The Passport fee increased to cover the cost of issuing one at the same time. When the ID card scheme was scrapped, the fee didn't go down (of course). |
Re: Your predictions under Labour
Well it seems they have been ruled out anyway.
https://www.bbc.co.uk/news/articles/c87rgj4e0rzo Quote:
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I don't think taxing wealth is fair either, if person A earns a £100 and invests it, and person B earns a £100 and spends it on drink and drugs, I don't see why person A should be penalised with a wealth tax because they are saving for the future. I have been forced into PAYE, because one of my contracts was placed inside IR35 as a result of a blanket assessment of all contractors by a jealous and lazy civil servant. This means to satisfy HMRC I'm now being employed via a fictitious umbrella company to which I am paying fees. I'm paying employee and employer NI, Apprenticeship levy and I'm not able to claim any expenses. As a result of the IR35 blanket decision, the end client has lost a lot of very difficult to replace resources, some have reduced the days working for the client and the day rate costs for those that have renegotiated have increased with projects delayed or in some cases scrapped. I said no thanks to the renewal, and then they wanted to negotiate so I screwed them for a large increase to cover the PAYE costs, so they are paying more money and they are getting a lot less for it. The contract is soon up for renewal, and I have made them aware that I will only agree a contract with a reduced number of days as I have one customer with work outside IR35 who wants to increase the work that I am undertaking for them. The government and HMRC have been screwing small businesses by forcing them into PAYE, yes there was abuse of the system in many cases, but I would have been quite happy to provide the evidence to HMRC that I was providing a service via my company. The last Conservative government hit small businesses as they are also an easy target and I certainly don't see Labour doing any different. |
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Your example of taxing wealth is flawed in so many ways. First, you need to define "earn". If you have £1 million invested in company shares and you get regular dividends, you are not "earning" this money as most people would define the term. In fact, your capital earned it, you did not. As for your IR35 story, you are are just peeved that you are paying more tax, just like a PAYE employee would be which is what IR35 was all about: Quote:
* just to be clear, this covers those whose net worth is > £5 million before people conflate "rich" with the middle income tax payers |
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I was not acting as an employee, I invoiced the client for the services on a day-rate basis that my limited company was undertaking for them. I set the business up specifically so I could offer engineering services which I intend to run part time into early retirement. I made the mistake of signing a contract with one client that contracted my business for a large number of days. It's a bad situation all round, because I am constantly having to say no to the client when I am asked to do something that would involve a cost to myself or use of facilities owned or paid for by my business. The client as a result is getting less for their money. Yes, HMRC is collecting a hell of a lot more money in tax off me, but as I have substantially increased the day rate to cover the increased costs I actually have more money in my pocket. Also I don't have any overhead costs involved with this client, and I now sit back and laugh when it takes months to obtain small items that required urgently when I was obtaining them next day and swallowing the cost in my business. I had been working on the development of a piece of equipment which I intended to hand the design to the client (I'm an engineer not so much a money grabber). Instead I have a third party company that has seen it recently and have asked about purchasing my prototype and the rights to the design. I'm most likely going to sell it to them and let them sell the product to the client. No one has won, in fact the taxpayer has lost as they are the ones paying for it. My beef is not so much the extra tax I'm paying as I have said it's been offset with the extra costs I'm charging, it's that I have been forced to be an employee of a fictitious company as a means of collecting it. Without knowing the details you couldn't begin to understand how unworkable the situation is on a daily basis, especially when it's fairly urgent and important. |
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I’m getting very tired of HMRC spanking me at every opportunity not even interest on my savings is safe |
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Perhaps they should go after those on PAYE who don't complete a self assessment or fail to declare their savings interest to make it fair.;) |
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If not from here it has to come room somewhere else. Where do you suggest? Income tax, vat, council tax? You'll pay one way or another. |
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If the existing tax and spend was managed correctly, we probably wouldn’t need to increase tax or tax people multiple times…………but that’s probably a different discussion. |
Re: Your predictions under Labour
A few things are happening now:
The main trend so far is a very aggressive approach forcing things to be built. |
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There's currently a windfarm proposal locally, so I'm guessing the rules of the last government didn't apply to Wales. https://mynydd-llanhilleth.co.uk/wp-...eaflet-eng.pdf We used to look out of the window at work in the Blackwood area in South Wales. I can't remember if it was five or six we could see, but it was surprising how often none of them were turning and usually less than half were turning. |
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If you have large amounts of capital, assets, etc. that increase in value or generate income then you should pay tax on these increases at the rate everyone else does. Why should a multi millionaire/billionaire have an effective tax rate of a fraction of, for example, a nurse or care worker. |
Re: Your predictions under Labour
Release a load of prisoners ?
I guess it didnt take long for madness to kick in. |
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You could be earning 35k per year and get RSU’s in a startup and you’re getting hit for tax on the RSU’s NI AND employers NI To answer your question re millionaire vs nurse The millionaire has zero personal tax allowance and pays tax on every penny of their paye income at varying rates (so that’s 45% on 850k of their earnings) A nurse earning £40k per year pays 0 zero tax on the first £12.5k and 20% on the rest The millionaire has paid £382,500 JUST at the 45% level Just how much do you want ???? |
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In my opinion, only violent offenders definitely need a custodial sentence. Then arguments can be made for those that cause damage, repeat offenders etc. But a lot of people can be dealt without being jailed. |
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He's always obsessed with how much tax other people are paying. He started on about me and my work and not knowing anything about what I'm doing and he was making a lot of assumptions. I told him that I don't work at that place these days, I started my own business. If the situation had been reversed and he had said the to me, I would have said something along the lines of "I hope that works out for you", but his angry reply was "I hope you are paying the correct amount of tax". I explained that that was between me, my accountant and HMRC which seemed to anger him more. I suppose he doesn't personally know anyone who is rich, so someone earning more than him is his nearest target. I do have a good memory though, I don't suppose he remembers boasting about taking his sleeping bag into work when he worked in nationalised industry, and I don't suppose he considered it as ripping off the tax payer either. |
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I put money away every month last year for what I estimated I would owe HMRC. I was pleasantly surprised when I got nearly £2k appear in my bank account as a refund from HMRC. |
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Here's an article that covers this problem: https://www.lse.ac.uk/research/resea...ich-really-pay Quote:
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I will leave this point with you, again from the article above: Quote:
Labour should commission a root & branch reform of the tax system for high net worth individuals and large corporates to make the playing field a bit more level. |
Re: Your predictions under Labour
Forget taxing the rich, it's never going to happen.
The only way to guarantee that the tax can be collected is by taking it at source, which is what PAYE does. It's far easier for the rich to be portable, hit them with big tax increases and they will be off to somewhere that's less of a communist state just like they did in the 1970s. The only guaranteed way of raising more tax is to screw those in the middle, who are generally the ones that have taken risks to have that success. My wife would pay tax twice on the money she earns abroad if she brought it into this country. |
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Someone on 30k per year looks at someone on 60k per year and says, they earn twice what I do, they can afford to pay a bit more tax , they can change their lifestyle. Someone on 60k looks at someone on a 100k per year and thinks the same. The issue is that people always think that the ring above should pay more and if required adjust their lifestyle to fit without needing to make a change themselves Going back to PAYE and RSU and I agree that this is personal, not general I was given a block of RSU’s and I also went into an agreement whereby I purchased an amount of RSU’s per month with money I had already paid tax on. Company gets bought and taken private the RSU’s are converted into cash equities which vest/are paid out at the same time as RSU’s would have vested. Cash equities are paid as PAYE which i pay tax at 45%, NI and employers NI Hardly seems fair does it ? |
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A point to ponder: Quote:
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Don't forget, the country has been groomed for decades to think the ultra wealthy are beyond reach and can raise revenue from the country with a minimal tax burden while the vast majority of the population pay tax rates far in excess of these. The funniest part of this whole circus is when those who are paying the 30% or 40% tax rate where they have no choice, at the same time, call those who think the ultra-wealthy should pay more crazy :erm: Who are really the crazy ones? :) |
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I'm not envious or even the bit interested how much someone else earns or has in the bank, what house they live in, what car they drive or how many helicopters they own, I'm only interested in how much I'm being screwed. The answer to reducing my tax to a fair level where I'm not having over 60% taken off me isn't to chase a unicorn tax. |
Re: Your predictions under Labour
Just to clarify the 60% figure - are you stating that if you earned, say, £150k, you would have tax (including NI (employer & employee)) deductions of £90k?
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However the most ironic part is that you do not mind how many helicopters they own, how many mansions they have, etc. yet you whinge about paying too much tax. Spoiler alert: if they paid more tax (much smaller, as a percentage, than you do), you would not have to pay so much. |
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I'm not going to quote figures because that's my business, but as an example: I am paid weekly on the contract that is inside IR35, so it's quite easy for me to break down the costs on a weekly basis. If I work 4 days instead of 5, the PAYE deductions mean that the difference in my pocket is that I lose is within a few pounds equivalent to a third of a days pay. Working that fifth day gives the taxman 66% of it. If I work 3 days instead of 5, for those 2 days I haven't worked I lose the equivalent of two thirds of a days pay. Hence why I have discussed with the client that if they want me to renew the contract I will only renew the contract with less days. Losing two thirds of a days pay and having two days off is a no brainer. ---------- Post added at 10:24 ---------- Previous post was at 10:20 ---------- Quote:
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No, not exactly, as above it’s a stealth band. |
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The salary sacrifice option is not open to everyone to take advantage, if you are working via an umbrella company you are generally provided with a list of those that are approved and I found that many on the list I was provided did not offer salary sacrifice. The only option you have then is the pay the pension contributions after paying 40% or 45% tax and claiming it back at the end of the year from HMRC. However, you have still lost out because you have paid employee and employer NI on that money. I fully expect Labour to remove the higher rates of tax relief on pension contributions, it will send out a message to their core voters that they are punishing the "rich". |
Re: Your predictions under Labour
I have nothing to hide so will happily carry and ID card.
---------- Post added at 21:50 ---------- Previous post was at 21:40 ---------- They'll raise taxes in one way. Screw the motorist, Their OK as they claim the money back and we pay for it. |
Re: Your predictions under Labour
Well the prisoner Release scheme went well. :erm:
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They didn't have much choice with the prisoners. Prisons were overcrowded and weeks from being full.
They do need to reform the justice system and/or announce more prisons are to be built though. There is no point decrying the state of how prisons were left if you're not going to do anything about it long-term. There is a story in The Times today actually about how bad things are: https://www.thetimes.com/article/edd...9898a43979374d |
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The article above was before the riots for example and it was close to the point where the police were close to the point where they could no longer arrest people as they would have nowhere to put them. |
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Two Tier Keir is going to solve the NHS overload by killing as many pensioners as possible.
The silence here from those that wanted change is deafening.:rolleyes: |
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i think he's a dangerous idiot and a completly evil control freak. |
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more trouble as lady whats her name getting clothing etc from a rich bloke
Sir Keir Starmer is facing an investigation over a possible breach of parliamentary rules after failing to declare that some of his wife's high-end clothes were bought for her by his biggest personal donor, Lord Alli. https://news.sky.com/story/sir-keir-...sists-13215777 my prediction more sleaze |
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He needs to knock it off with these stupid donations. Buy your own damn clothes and tickets.
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The Tories didn’t do it. |
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Who really expected there to be any change in the way we are governed?
Also it was so predictable that the last government wouldn't even let Labour get their feet under the table before accusing them of continuing with the same antics they have been up to in 14 years of being the people in charge. |
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330k excess deaths are believed to be attributable to the Tories austerity policies
If/when this policy gets 10% of that come back and let’s talk. |
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The death rate in that period was still LESS than that in 2008. The death rate for 2020 was LESS than for 2003. Link Drug deaths soared in that time period, especially in Scotland. Link |
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Labour are in power, what are they going to about it? ……not the aliens …….. |
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Its just a number someone thought might happen, not something that actually did happen. Much like the current situation with the £300 fuel payment where 'x' number of people may die - they also may not, its just a theory & guesswork. |
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