Here comes the tax rises

[nomadking]

When does the Barnett Formula get applied. Starmer & co giving out large pay rises in England, which should feed through to extra money for
Scotland, Wales, and NI. Do they have to wait until next April?
Not a fan of the Barnett Formula, but it would be unfair to have to wait that long.

Posts removed. This is not another blame everything on Brexit topic.
If you want to winge about that (again) there are dedicated topics for it.

[Pierre]

Makes sense.

Combat the policies of the pensioner hating nasty party

[1andrew1]

Originally Posted by Pierre

Makes sense.

Combat the policies of the pensioner hating nasty party

The air fares to France and fees to the gangs would cost more than the Winter fuel allowance that will not be awarded to better-off pensioners this year!

[Pierre]

Thousands of pensioners could die if the government proceeds with its plan to cut winter fuel payments for those not on benefits, Labour’s own research suggested.

https://www.independent.co.uk/news/u...-b2609340.html

Analysis published in 2017, when Sir Keir Starmer was in the Shadow Cabinet, warned that Conservative plans to cut the fuel allowance for ten million pensioners would increase excess deaths by 3,850 that winter

If you're going to do something, that you know, by your own fact finding report, is going to kill people...............would you be, potentially criminally, liable for those deaths?

[papa smurf]

Originally Posted by Pierre

https://www.independent.co.uk/news/u...-b2609340.html



If you're going to do something, that you know, by your own fact finding report, is going to kill people...............would you be, potentially criminally, liable for those deaths?

The small chink of light at the end of the tunnel is ,IFyou survive the winter and don't sucumb to hypothermia there's a pension rise due in april of next year.

[Pierre]

Originally Posted by Chris

The winter fuel allowance cuts will be settled by a vote in parliament, which is sovereign. So no, it isn’t possible for parliament to be held criminally liable for anything, regardless of who first proposes a measure.

I was being cheeky, just highlighting the absolute rank hypocrisy of our Dear Leader.

[Mr K]

Originally Posted by papa smurf

The small chink of light at the end of the tunnel is ,IFyou survive the winter and don't sucumb to hypothermia there's a pension rise due in april of next year.

The 1 in 4 pensioners that are millionaires, will struggle without this £200 payment. I feel for them.....

Basing it on council tax band wouldn't be a bad idea with only the lowest bands qualifying. It needs to be targeted instead of throwing it at those that will just buy a new patio heater.

Postpone it a year. See if there is a way to target it better in that time and if not then you'll have another year of triple-lock anyway. It also gives people more notice and hope that energy prices have come down, which they are predicted to do anyway as this coming increase is lower than it was this time last year.

Originally Posted by Mr K

The 1 in 4 pensioners that are millionaires, will struggle without this £200 payment. I feel for them.....

Basing it on council tax band wouldn't be a bad idea with only the lowest bands qualifying. It needs to be targeted instead of throwing it at those that will just buy a new patio heater.

Millionaires as in assets, or disposable income?

If you are retired, with a house worth £500k, and a pension pot of £500k (which gives an annuity of £23k per year), that makes the household worth a million, but pretty sure they are not living a "millionaire's" lifestyle...

Btw, I do agree with you that it needs to be more targeted.

[Mr K]

Originally Posted by Hugh

Millionaires as in assets, or disposable income?

If you are retired, with a house worth £500k, and a pension pot of £500k (which gives an annuity of £23k per year), that makes the household worth a million, but pretty sure they are not living a "millionaire's" lifestyle...

Btw, I do agree with you that it needs to be more targeted.

They always have the option to downsize to release a lot of capital. Rattling around in a big house with empty bedrooms, with high heating bills makes no sense. There's enough young families out there needing such property.

Originally Posted by Mr K

They always have the option to downsize to release a lot of capital. Rattling around in a big house with empty bedrooms, with high heating bills makes no sense. There's enough young families out there needing such property.

Not as easy as you think - where we live, 3 bed bungalows cost as much as 4 bed detached houses (because developers can build a 4/5 bed house on the bungalow’s footprint).

We need 3 beds because we have family who live all over the country, and they visit most months.

Like most things, it’s not that simple…

Originally Posted by Hugh

Not as easy as you think

Hes just trolling again, ignore him.

[Pierre]

Originally Posted by Mr K

The 1 in 4 pensioners that are millionaires, will struggle without this £200 payment. I feel for them.....

So you reckon there are 3.25Million people of pensionable age in the U.K. that are millionaires?

Which is 400,000 more millionaires that exist in the country of any age.

If you’re going to spout bollocks to make a point, try harder.

---------- Post added at 17:26 ---------- Previous post was at 17:24 ----------

Originally Posted by Mr K

They always have the option to downsize to release a lot of capital. Rattling around in a big house with empty bedrooms, with high heating bills makes no sense. There's enough young families out there needing such property.

No, the nasty party will tax house sales……..it’s coming.

I assume hes basing it off a similar claim made in 2021.

https://fullfact.org/economy/millionaire-pensioners/

Most are not really 'millionaires' in the sense its normally referred to.