Here comes the tax rises
 

Wonder what spin will be put on the reason for the Increase in taxes :)

Re: Here comes the tax rises
 

14 years of incompetent Govt? Depends who they target, there's sections of society who've had it very well over the last decade, whilst others have struggled. We weren't 'all in it together' after all. Time to pay your dues.

Re: Here comes the tax rises
 

There's speculation that CGT will be increased to the income tax rates. Sounds fair enough to me, especially if it means people can get medical care when they need it.

Re: Here comes the tax rises
 

Whoever formed the next government would have had to put up taxes of some sort.

The reality of the last 14 years saw to that.

Re: Here comes the tax rises
 

Fully funded didn't last long.

Re: Here comes the tax rises
 

Won’t mean anything of the sort.

Re: Here comes the tax rises
 

i have on occasion mislaid the odd quid and it haunted me not knowing where it went ,but to miss a £20,000,000,000 black hole in your budget seems to smack of incompetance or a blatent lie.

Re: Here comes the tax rises
 

Based on the election campaign, two questions that I'm looking for answers to:

If cuts are being made to funding for public services, what impact will that have on returning them back to an acceptable level of performance.

If capital/infrastructure projects are bing delayed, how will that impact growth?


The truth us usually somewhere in-between.

Re: Here comes the tax rises
 

Well, if you don't have full access to the information, and only find out the extent of the problem once you do, it's a bit different from losing "an odd quid"...

Re: Here comes the tax rises
 

An increase in capital gains would be a pain. Labour likes to penalise those that invest and plan.
They need to work out a way where it is better to work than not, that is if people get work they don't lose out on all the benefits they get while not working. It must be hard to look at the figures and work out that to take a job would mean being worse off than not to do so. "Benefits" need to be scaled so that it is never more beneficial just to stay on welfare.

Re: Here comes the tax rises
 

Ending the winter fuel payment for those not on Pension Credit will upset the blue rinse brigade.

Re: Here comes the tax rises
 

A large chunk seems to be the 5.5% pay rise for the public sector. Anything above the inflation rate is largely down to Labour. Now add in the 22% for Junior doctors and £20bn is going to be peanuts when everybody else wants 22%.
Link

Re: Here comes the tax rises
 

A huge financial black hole requires that some things will have to give sadly.

Re: Here comes the tax rises
 

What about the 14 years when the public sector got less than inflation? Its catch up time, and above inflation increases will be needed for several years. . They should be greatful the whole of the public sector isn't demanding all the lost pay at once like the Junior Dr's have.

Re: Here comes the tax rises
 

It would be a pain for those who do not want to pay a fair tax rate. For "those that invest and plan", read: those small number of people who use their wealth to generate income but do not want to pay the same rate as those who receive their income via PAYE.

Sums up the "Me First, Country Last" approach to being a citizen :)

Re: Here comes the tax rises
 

The public sector WILL increase their demands. How does it compare to the private sector?
Did the pay increases before 2010 match inflation? Did the pay rises in the late 1970s, under Labour, match inflation?

Re: Here comes the tax rises
 

And kill some, thus lowering the burdon on the public purse .

Re: Here comes the tax rises
 

It’s brilliant when you think about it. Give the doctors 22%, take winter payments away from pensioners.

Kill the pensioners, reduce the burden on the NHS.

The new nasty party.

Re: Here comes the tax rises
 

They've spent £24 billion in 24 days ,"things can only get better"

Re: Here comes the tax rises
 

They're keeping the triple lock so pensioners will still be considerably better off relative to average income than when the winter fuel allowance was first brought in.

TBH It's politically toxic but they should just reverse the NI cuts the Tories did. It makes up for most of the shortfall.

Re: Here comes the tax rises
 

I pay next to NOTHING, get yourself a good accountant, worth every penny. Really enjoyed visiting hmrc with one of them , don't know their own regulations . :shocked:

---------- Post added at 17:24 ---------- Previous post was at 17:18 ----------

Did say be careful what you vote for and if you want to reduce the burden on NHS why pay the doctors the pay rise offer . Sorry the cost x £' s argument doesnt wash. They are not going to spend monies on catching up , and of cause some will die saving money :shocked:

Re: Here comes the tax rises
 

And the previous government of 14 years cooked the books so much it left the new government with a almighty financial black hole that gets worse the more it reveals iself.

Re: Here comes the tax rises
 

I didn’t vote for them.

Re: Here comes the tax rises
 

They'll be comming for the dissabled next,soft targets that can't fight back are always the easy targets.

Re: Here comes the tax rises
 

No, they’re coming for your savings, your accumulated assets…………you’ll own nothing.

Re: Here comes the tax rises
 

Total scaremongering.

Re: Here comes the tax rises
 

He said the quiet part out loud before the election.

https://www.telegraph.co.uk/politics...-for-millions/

They’re coming for everyone who has worked hard and bettered themselves.

Re: Here comes the tax rises
 

The only bit that Starmer actually said

Re: Here comes the tax rises
 

Letter from the OBR today to the Treasury Select Committee.

https://www.cableforum.uk/board/atta...6&d=1722274707

tl:dr
- the Office of Budget Responsibility says it was unaware of 2024-25 spending pressures until this week (i.e not when it made its March forecast)
- points out it would be one of biggest in-year overspends on record
- launches review of "adequacy" of what HM Treasury told it before the March Budget...

Re: Here comes the tax rises
 

Re: Here comes the tax rises
 

Convenient that Labour removed protecting the Winter Fuel allowance from their manifesto. Almost as if it was planned.

Re: Here comes the tax rises
 

You mean theblack hole saga

---------- Post added at 19:02 ---------- Previous post was at 19:00 ----------

Didn't think you had:erm:

Re: Here comes the tax rises
 

Heaven forbid they made sure the manifesto was correct.

Re: Here comes the tax rises
 

You know something……I think I’m going to enjoy the next five years as the government are attacked and criticised and watch them being defended by the alumni on here.

Re: Here comes the tax rises
 

It's better to be critical of the government.

Re: Here comes the tax rises
 

Rumblings have been heard within the DWP about Personal Independence Payments being stopped as cash payments, but vouchers for "home modifications and adaptations, mobility aids and transport help".

There have also been strong rumours about how the assessments are carried out being made far stricter, with "help into training or work" being the prime directive for people with anxiety, depression and similar "transient" mental health problems.

Re: Here comes the tax rises
 

Well, maybe we shouldn’t be giving billions of our money to overseas countries ‘to help them fund climate change’. That money would fill in that alleged ‘Tory black hole’ immediately.That black hole is of Labour’s own making.

I did tell you to be careful what you wished for. You will come to see that I was right. This is just the start, and you ain’t seen nothing yet.Hold on to your pensions!

---------- Post added at 20:34 ---------- Previous post was at 20:29 ----------

Is it? Constructive argument is good, but criticism aimed at destroying the confidence of the nation is not.

I am prepared to defend Labour for their good and sensible decisions, so if they get it right, I will be satisfied although I didn’t vote for them.

Let’s see how they do, but giving away taxpayers money to other countries ‘to help them fight climate change’ is not a good omen. We all have to pay for this nonsense.

Re: Here comes the tax rises
 

The £700M wasted on the Rwanda fiasco would have helped out there don't you think?

Re: Here comes the tax rises
 

I’ll likely be near the front of the queue if they embrace tried, tested and failed austerity. However not for removing from their manifesto a commitment they no longer wish to make.

---------- Post added at 21:37 ---------- Previous post was at 21:36 ----------

That and Baroness Mone’s wedge extracted from the taxpayer do add up.

Re: Here comes the tax rises
 

As far as I understand the last Government did ensure that the shadow cabinet was given access to all the budget forecasts, financial info etc.


Ms Reeves was shadow chancellor before the election so her department would have been made aware of the actual situation long before they were in power.


It's simply mendacious for them to suggest they did not know the full picture and totally immoral for them to campaign on the basis that they would not be increasing these taxes, and then to do so - or announce plans to do so - within a month of winning the election.


I'm sure that when Mr Starmer (or Sir or whatever he wants to be) was in opposition and there were issues with fuel due to external factors such as the lockdowns his party wanted more of, harder, longer, earlier, and the situation in the Ukraine, where there was a genuine inflation issue after the pandemic etc, and the Government brought in support measures such as the fuel allowances and extended them so more people didn't have the choice whether to heat or eat, this was something he was in favour of and was probably campaigning for. Now the boot is on the other foot he's now seeing he has to pay for it as well as the other things he's promised and now can't afford it.


I'm also pretty certain the plan to remove the VAT exemption on independent school fees is going to cause mayhem, some parents will not be able to afford this (at school there was plenty of parents who were not well off and they went without so the kids could get the education), and so the kids will have to move into the state sector, if this happens to enough or too many kids in one school this could cause more kids to be displaced if the schools have to close. So more places needed in state schools, more teachers needed and they won't be getting as much VAT... Also, with this one, the big irony is that EU rules prevent taxation of childrens' education, so literally they can only do this because of the Brexit Sir Keir is wanting to overturn...

Re: Here comes the tax rises
 

So does housing “illegal” immigrants in hotels …..1.3billion in 2022. (Will be much more now)

Almost exactly what they’re taking from pensioners.

So there you have it, this Labour government values illegal entrants to this country more than those that have lived here and contributed all their lives to this nation.

They’d happily see pensioners die in the winter, whilst keeping illegal immigrants nice and warm with room service.

Re: Here comes the tax rises
 

If only we took back control of our borders and laws.

Re: Here comes the tax rises
 

How would that help ?

Re: Here comes the tax rises
 

That was the promise, stem the tide of migration.

In reality it lost our agreements with the EU to send people back to their country of first entry making the UK more attractive as a destination, not less.

Re: Here comes the tax rises
 

.... and this is related to tax rises how ?

Re: Here comes the tax rises
 

Pierre raised the cost of housing illegal immigrants.

Re: Here comes the tax rises
 

I'm pretty sure the VAT on private schools will have little affect. Those can that can afford it will think nothing of paying a bit more to stop their darlings mixing with the riff raff. The schools will absorb some it anyway if they want to remain competitive. Surely better to use the money to put into the state system, raise standards so there no need for private schools, other than snobbery.

The winter fuel allowance was absurd to fund for well off pensioners, as was funding their tv licences. We can't afford it, and shouldn't have been exempt just because they probably. vote Tory.

Definitely right to keep it for the less well off on Pension credit. An effort needs to made to ensure those that qualify claim. There are billions in all unclaimed benefits folks should be getting, the DWP don't seem worried about that or make any effort to reach them.

Re: Here comes the tax rises
 

Diane Abbott sent her son away to keep him away from the local "riff-raff", ie her voters.


Those just above the Pension Credit threshold will be badly affected.

Re: Here comes the tax rises
 

£200 will barely cover 1 month in winter its not that significant. The likes of OB can just cancel one of his streaming subs if he's getting chilly....

More does need to be done to make sure that those that qualify for Pension Credit claim, as that is an issue. I'd have been in favour of increasing the heating allowance to £300 for those that qualify. We need to target benefits better.

Re: Here comes the tax rises
 

It's old folk on modest pensions who'll fund pay rises for the public sector.

Re: Here comes the tax rises
 

Fair enough, it's the public sector the pensioners rely on most, and their wages have decreased in real terms for over a decade. Pensioners triple lock has been at the expense of everyone else. They need to remember 'we're all in it together' as the 'great' man once said.

Re: Here comes the tax rises
 

A common misconception that everyone that sends their kids to private school is loaded.

I know two sets of friends that made a choice to send their kids to a local private school, and they made sacrifices to do that. If you sent your kids to this school they were pretty much guaranteed to pass their 11+ and get into grammar school.

I chose not to do that, as our locat primary was graded as Excellent, and the local Comp was recently rebuilt had excellent facilities and achieved good results.

but what putting VAT on private schools actually does, is ensures that only the really wealthy will have the choice to send their kids to private school and those on lower incomes willing to sacrifice for their kids have had that choice taken away.

It's actually a policy I would expect from a conservative government as it only ensures and compounds the privilege of the wealthy.

Just because a pensioner isn't receiving pension credit, does not mean they are well off.

If your income is higher than £218.15 a week, you don't qualify.

so if you're on a whopping £220 a week - no help with your bills, far too well off with all that cash.

Thank you Labour, the nasty party.

---------- Post added at 10:41 ---------- Previous post was at 10:38 ----------

why scrap it then?

That's a crazy argument anyway. It's like saying to a starving man, it's only half a sandwich why bother.

---------- Post added at 10:46 ---------- Previous post was at 10:41 ----------

That triple lock has ensured that pensioners get a whopping £11,400 a year. Just imagine how bad it would be if the triple lock wasn't in place.

The min wage on a 40hr week is £23,800.

Re: Here comes the tax rises
 

I would have to ask why more pensioners who are complaining about this didn’t invest in private pensions? Or, was it they lacked the foresight to plan for their future and made the assumption that the state would always look after them ? Alongside the good old argument of ‘I’ve paid my tax and NI all my life I’m entitled to my pension’ whilst failing to understand how it works.

Re: Here comes the tax rises
 

The increase of the triple lock because of the high interest rate is substantially more than the fuel allowance anyway. 8.5% increase this year because they made sure it was linked to the higher inflation figure. That's £902.20 increase this year vs £200 for the fuel allowance.

I am not a fan of removing it because when you means test you will always have people that don't fit into a simple box. It's not a case of poor vs rich, there will be people on the borderline.

But if you need to cut benefits so much has already been cut where else do you find money? This was low-hanging fruit when most of those losing this benefit are getting £900 extra this year.

What Labour should have done is reverse the NI cuts. The last one alone cost £5 billion a year. Easily enough to keep this benefit. Again it's taxing people in work for the benefit of pensioners but until the economy improves tax cuts are a bit much.

Re: Here comes the tax rises
 

Paying for them comes off the money tree in Dover Harbour , not our taxes l guess:erm:

Re: Here comes the tax rises
 

That will be the case for some schools and some parents but not all of them.


Plenty of kids in private schools are not from rich backgrounds but either on scholarships or bursaries or the parents just go without so that the kids can go to the schools.


It won't be the filthy rich kids who lose out, but those from less affluent backgrounds for whom 20% extra on fees would be too much and which the schools might not be able to help with, or might not be able to afford.


If you have parents who are paying 20k a year for the school place and there's about 100 kids in the year then each year (times 7 for a secondary school) makes the school £2 million a year, meaning overall fees coming in for this would be 14 million a year. Then you see that 20% VAT on top of those doesn't go to the school it goes to the Government so the school's income is the same. If let's say 10 kids in each year decide they can't afford it and have to drop out into a state school that's then 90 kids in 7 years so 12.6m income, which the school then loses 1.4m from its budget. Enough kids leaving means the school will have to make budget cuts or put the fees up more.


If the school in the above example with 700 pupils closes that's 700 pupils which need a place somewhere else. And 14m worth of VAT they don't get at all, unless they can get into another school.


This won't cause issues with the rich oversubscribed schools like Eton and Harrow but the smaller ones will certainly feel the impact. How much depends on how many people decide they can't afford the higher costs and how much support they get.


But it seems a bit idealistic to suggest they might be able to use the VAT to get extra teachers because where are these teachers going to come from?

Re: Here comes the tax rises
 

Maybe they did, there was a massive amount of pension fraud and mis-selling in the 1990’s that would still impact many pensioners today.

Or perhaps they just couldn’t afford one.

Or their pension pots failed to yield a decent return because of Gordon Brown’s and Labours raid on pension pots.

Come to think of it, Labour has a track record for hating pensioners.

Re: Here comes the tax rises
 

Given how the state pension is financed it's a good idea to assume you're unlikely to get it or it'll be much reduced by the time you reach retirement age if you're under 50 so I do operate on that basis with my finances.

If I get it then it's a bonus.

Re: Here comes the tax rises
 

Wait there while I get the world’s smallest violin out for parents trying to buy their kids privilege but can’t because of minor things like paying tax.

Maybe they could do without avocados etc.

The trend is for fees to far outstrip inflation.

https://www.independent.co.uk/news/u...-a7023056.html

There’s no public good here they can pony up like everyone else on everything else. “The market” can step in with cheaper provision if it’s commercially viable.

Re: Here comes the tax rises
 

If you believe that then you should stop paying your NI contributions. Why should you fund current the ever increasing 'triple locked' pensioners but get nothing yourself? That money should be for you. A question the younger generation should ask themselves.

Re: Here comes the tax rises
 

Because last time labour were in they did a raid on private pensions

Re: Here comes the tax rises
 

Shouldn’t be though. It should be your right.

Why is the NHS a sacred cow, but a pension a potentially disposable item?

---------- Post added at 19:03 ---------- Previous post was at 18:57 ----------

By the same token, we should stop paying for the NHS, why should I fund some old persons dementia treatment, that money should be for me, I have health insurance.

Why should the younger generation pay for the health worries of these aging boomers?

It’s really strange watching a Labour supporter, and I assume socialist, denouncing socialism.

There’s hope for you yet.

Re: Here comes the tax rises
 

Most Private Health Insurance doesn’t cover chronic conditions (such as diabetes, arthritis, angina, asthma, etc.), Accident & Emergency, Intensive Care treatment, pre-existing conditions, pregnancy & birth, and quite a lot more - so as long as you don’t have an accident, need intensive care after an accident or if complications arose from an operation at a private clinic, develop a chronic condition, haven’t had treatment for a previous acute condition, don’t have allergies or food intolerance, aren’t going to be deaf, won’t need dialysis, and don’t expect to get any of the normal symptoms of aging as you get older (Alzheimer’s, Dementia), you absolutely don’t need the NHS…

tl:dr - Private Health insurance is fine unless you have pre-existing conditions, get old, have/get a chronic condition, have an accident or need intensive care…

Re: Here comes the tax rises
 

Mine does….. thanks.

Re: Here comes the tax rises
 

They couldn’t afford it ? Is one extracting the urine?

Re: Here comes the tax rises
 

Because I don't trust it not to go given the economics of how it works. I don't want it to go but I am trying to ensure I won't have to depend on it.

---------- Post added at 19:59 ---------- Previous post was at 19:58 ----------

Which one? I have a decent one with AXA and I am not sure the extent to which it covers newly diagnosed chronic conditions.

(And obviously none of them do A&E or intensive care)

Re: Here comes the tax rises
 

My Dad had private healthcare , when he got seriously ill they had to transfer him a lengthy distance to an NHS hospital. A journey he could have done without.

You might get a nice room, shorter waiting list, but when it comes to it, you will need the NHS.

Re: Here comes the tax rises
 

Especialy this winter when you have hypothermia thanks to rachael thieves .

Re: Here comes the tax rises
 

Are you really that dependent on £200. If so you need to claim pension credit, then you'll get the fuel allowance aswell.

Maybe sell the boat? ;)

Re: Here comes the tax rises
 

One of the reasons private healthcare is relatively cheap in this country is because it has the NHS as a backstop. The NHS takes on the expensive stuff which is largely when we're old although obesity and diabetes are expensive as well.

Private healthcare is good to avoid getting years-long waiting lists for non-urgent treatment and quicker access to specialists for things like cancer. I think they will also pay for some drugs not available on the NHS when it comes to cancer but that depends.

Re: Here comes the tax rises
 

i'm not dependant on it but millions are,being old isn't fun and keeping warm is very difficult for the elderly and too expencive without help.

Re: Here comes the tax rises
 

The payments were introduced by Labour,since then the Tories have come in with the triple lock which massively dwarfs the fuel payment. They have also financially crippled us.

Get rid of the triple lock and you can have the fuel payment if you want, it would save the country masses more. But just like everyone else, you can't have everything. There is a safety net, pension credit.

Re: Here comes the tax rises
 

Like all privatisation in the UK it cherrypicks the profits and we nationalise the losses. The worst of both worlds.

Re: Here comes the tax rises
 

Here we go.

https://www.bbc.co.uk/news/articles/c7290yxw8q4o

The amount of envy in this topic is interesting to see, some of you must look greener than the hulk.

Re: Here comes the tax rises
 

Again, they should have planned for their financial future better and not expected that the state would be there to support them

Re: Here comes the tax rises
 

Why ?

Re: Here comes the tax rises
 

Why shouldn’t they?

If you want to have a decent standard of living in your retirement then plan for it. (The you is not personal btw)


The tax/ni etc payments made during your working life are not contributions towards your pension at the point of your retirement. They’re paying the pensions of people who receive them at the point in time the deduction is made from your pay

Re: Here comes the tax rises
 

Sure, Jan…

It can’t cover A&E or Intensive Care, as Private Hospitals don’t have those facilities - it may pay out a day rate if you use a NHS bed/room, but it’s still using NHS facilities. Also, no Private Health covers chronic conditions.

Re: Here comes the tax rises
 

None of that answered the question.

Again, why ?

The "state" as you call it states (!) they will be there to support them, in the form of a "state" pension.

Once again you blindly assume that everyone everywhere could afford a private pension, the real world isnt (and wasnt) like that.

Re: Here comes the tax rises
 

While I accept that’s true - do you think the average person thinks that or thinks there’s an “I’ve paid in all my days” side pot?

Successive Governments - of both colours - likening the macroeconomics of the state to a household budget will not have helped in this regard either. Both my parents got hit by state pension age increases, and while they didn’t rely on getting it on time since they retired early with a lump sum, it’s very easy to see how working class people in low paid jobs reasonably expect a pension and budget for it.

I’m at the front of the queue to argue for transparency around this, and costs of both health and social care. We’d very quickly see the erosion of opposition to wealth taxes and acceptance of tax avoidance as fair game if the average person saw it in plain sight.

Re: Here comes the tax rises
 

I’d wager more people historically could afford it than present day.

---------- Post added at 21:26 ---------- Previous post was at 21:24 ----------

Sorry but if the average person doesn’t think far enough ahead about their financial security and just blindly assumes they’ll be ok, then whose fault is that ?

Re: Here comes the tax rises
 

No. Why would all workers, and non-workers from the 70’s onwards be guaranteed to be able to afford a private pension?

Do tell.

Re: Here comes the tax rises
 

The average person doesn’t have surface to air missile systems in their garden would they too be deficient if the Russians, or anyone else, landed a cruise missile on their home?

Of course not. It’s not unreasonable to expect the state to level with people suitably far in advance of changes to pensions. It suits them to not because it’d drive up wages as everyone simultaneously “takes responsibility”.

Re: Here comes the tax rises
 

Why, by your logic, should the younger generation pay for it? You said it..in regards to pensions………..

---------- Post added at 21:38 ---------- Previous post was at 21:37 ----------

You’re obviously not….check your privilege.

---------- Post added at 21:39 ---------- Previous post was at 21:38 ----------

You just hate pensioners don’t you? which is strange, because you will be one

---------- Post added at 21:44 ---------- Previous post was at 21:39 ----------

That homeless man, ex soldier that was screwed over, well…………he should have planned for his financial future better.

Replace ex soldier with single mother, chronically Ill, minimum wage, mentally Ill…the whole thing.

Is your Nick name “portaloo”? Complete the joke yourself.

Re: Here comes the tax rises
 

The average wage in 1977 for manual worker per week was £70
Adjusting for inflation today would equate to approx £399

The average weekly wage now is £ 453.30

Now compare house valuations/prices vs salary etc

You generally got a lot more for your money in the 70s and if people were stupid enough to spunk it up a wall rather than plan for their future. Well,tough ?

Furthermore (and with zero evidence whatsoever) I’m betting that those twisting on about this are the same people who say that all youngsters need to do to buy a house is to cut down on Starbucks/avacado on toast/Netflix etc

Re: Here comes the tax rises
 

You seem to forget in my post that being contrary, I was advocating for the NHS, and was opposing Mr K’s assertion to not pay for pensions because the elderly don’t deserve it.

But you’re so excited to jump on me, I’m glad I can give you that little thrill and excitement. I’m paying back to our senior community.

Re: Here comes the tax rises
 

So the average worker…. Made less in the 1970s?

House prices may well have been less however that’s a function of banks lending more and taking account of two earners. Many households then would have had one parent at home for the majority of the time/all of the time. Saving the state from funding mass babysitting.

Re: Here comes the tax rises
 

Ah good old pierre using the edge/extreme case and attempting to make it the norm.

I do love how you suddenly care about pensioners, makes a change from the sociopathic persona in which you revel in presenting usually

Re: Here comes the tax rises
 

I don't hate anyone mate. The young of today aren't going to get a fraction of the benefits current pensioners get, yet they are expected to fund current pensioners. That's not fair. Ideally we'd support everybody, but we can't because the last Govt has left us with a massive black hole of debt. The biggest for for a selfish election bribe that failed. Triple lock, Brexit, corrupt Covid contracts, lost the count of the no of PMs. If you want anyone to blame you know where to look , anyone that voted for them over the last 14 years . So you need to look in the mirror.

Early days but I think this Govt have done a good job so far.

Re: Here comes the tax rises
 

Things generally cost less as well you know, money went further. And you didn’t need a spanking deposit to purchase a house. There was also significantly more social housing available at affordable rents than there is now

---------- Post added at 22:00 ---------- Previous post was at 21:55 ----------

Partially agree , isn’t some of this massive black hole due to the 22% pay rise for junior doctors ? Which btw is a ridiculous increase

Re: Here comes the tax rises
 

Even adjusted for inflation they earned less, and I’d wager there were more one income households. I find the contention that the “average” person could or should have prepared for pension age - when successive governments gave no indication of pension reform - ludicrous.

The housing bubble is the fault of politicians. Not manual workers of the 1970s earning the princely sum of £70 a week.

Re: Here comes the tax rises
 

In the 70’s most households were single earning.

That means that around, ok a bit less, 50% of the population (women) did not work full time, or earn enough to pay into a pension ……..that’s a fact.

In the 70’s socialist utopia, private pensions just were not a thing.

---------- Post added at 22:08 ---------- Previous post was at 22:05 ----------

“Edge extreme” then call me “Sociopathic”. …….do you hear yourself when you think?

Re: Here comes the tax rises
 

Always, you should try it once in a while.

Re: Here comes the tax rises
 

So should withhold payments……..that was your advice?

If that “young” grew up in a family on benefits, isn’t it likely that future and potentially current pensioners were net contributors to those payments?

David Cameron 2010

4 weeks ….strap yourself in.

Re: Here comes the tax rises
 

You call it it ludicrous I call it common sense. Personally I don’t believe status quo exists for long in anything.

Here’s the thing

Pensioners aren’t untouchable, they’re not beyond the bounds of needing to make a contribution towards todays society, they haven’t earned an exemption.

Re: Here comes the tax rises
 

Always. I await your response to the points made, without the ad hominem attack.

Re: Here comes the tax rises
 

If the Government of 2064 called a 99.9% asset tax, seized your home, etc. would you feel the same? Or would it feel like a rug pull? After all the status quo doesn’t last.

I agree pensioners aren’t untouchable - the triple lock has been little more than a bribe masquerading as a good idea for over a decade - however the social contract on which the entire welfare state depends upon must be transparent and honest with people or you might as well bin the lot. Hyperprivatise everything and let me know if the workers of 2064 are better or worse off.

Re: Here comes the tax rises
 

Well there will be many that have made more than a contribution than you have, or ever will. That have made more of a contribution towards todays society than you have..or ever will.

You’re happy leeching off them?

Re: Here comes the tax rises
 

Aaaw bless do you want to point on the teddy where you were hurt?

Simple fact, money went further in the 70’s and some if not a significant amount of people had more of an opportunity to save than people do today if they didn’t then now they have to cutback

My first full time job in 1996 ish paid £7.5k a year, I gave £150 a month board and lodge put away £150 a month, and still had enough for everything else.

Priorities and not making assumptions

Re: Here comes the tax rises
 

And of that £7.5k how much did you pay into a voluntary pension scheme? By that, I mean one you proactively sought out (and not for example an employer one you theoretically could have opted out of but nobody does for obvious reasons).