Tonight’s polls in sharp contrast to YouGov’s 10% CON lead – politicalbetting.com

Boris Johnson’s approval rating as prime minister with Opinium has reached net -18% (32% approve, 50% disapprove), the lowest since the 2019 general election.
Comments
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First again - on a roll!0
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Second like Labour in every poll bar one this year.0
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2nd, like labour still is...
Edit: damn, gazumped...1 -
FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
0 -
Who makes up that 16% Others? Is this a UK poll? Cos that is a lot.0
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ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea0 -
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.0 -
Got to say it again squid game is really good. Much more subtle than you'd expect from watching Korean zombie movies.0
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Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea0 -
I told you YG was an outlier!0
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Does anyone know why YouGov are systematically getting a different reading for the Lab/Green ratings to the others?
A lot turns on whether the situation is C41L31 (Carrie can start planning the next round of Downing Street redecoration; I recommend plenty of wipe-clean surfaces and rounded edges) and C41L37 (Starmer is making boring but solid post-vaccine progress; C40L38 is probably enough to make the next government a Coalition of Chaos).0 -
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.0 -
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea0 -
No shit, Sherlock!Sunil_Prasannan said:I told you YG was an outlier!
0 -
500 million has been allocated to councils to assist in the immediate problem and we need to watch how Rishi intends to ameliorate it going forward, if he doesBenpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.0 -
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.0 -
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.0 -
Agreed, even though it's paid monthly.dixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.0 -
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget0 -
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea0 -
And have any councils begun distribution of this money? On what criteria? Do they even know who is on UC?Big_G_NorthWales said:
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget0 -
Not as big an outlier as Kantars 43-30Benpointer said:
No shit, Sherlock!Sunil_Prasannan said:I told you YG was an outlier!
0 -
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view0 -
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view0 -
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.1 -
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million for married couples was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view0 -
The money has been allocated but I cannot advise about distributiondixiedean said:
And have any councils begun distribution of this money? On what criteria? Do they even know who is on UC?Big_G_NorthWales said:
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget
0 -
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
0 -
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested0 -
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south0 -
Why not? All wealth gets inherited one way or another.eek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view0 -
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.0 -
The main difference between Yougov and Opinium and Deltapoll of course is the latter have the Greens on only half the rating of the former, benefiting Labour.
Opinium on the new boundaries would give Conservatives 333 and Labour 236, so still a small Tory majority of 16.
https://www.electoralcalculus.co.uk/fcgi-bin/usercode.py?scotcontrol=Y&CON=41&LAB=37&LIB=7&Reform=2&Green=5&UKIP=&TVCON=&TVLAB=&TVLIB=&TVReform=&TVGreen=&TVUKIP=&SCOTCON=22.3&SCOTLAB=18.3&SCOTLIB=6.3&SCOTReform=0.7&SCOTGreen=0.7&SCOTUKIP=&SCOTNAT=48.3&display=AllChanged&regorseat=(none)&boundary=2019nbbase
Deltapoll on the new boundaries would give Conservatives 315, Labour 252 and LDs 8.
So a hung parliament but Boris could stay in power with DUP and Unionist support and if SF don't take their seats
https://www.electoralcalculus.co.uk/fcgi-bin/usercode.py?scotcontrol=Y&CON=38&LAB=37&LIB=9&Reform=2&Green=3&UKIP=&TVCON=&TVLAB=&TVLIB=&TVReform=&TVGreen=&TVUKIP=&SCOTCON=22.3&SCOTLAB=18.3&SCOTLIB=6.3&SCOTReform=0.7&SCOTGreen=0.7&SCOTUKIP=&SCOTNAT=48.3&display=AllChanged&regorseat=(none)&boundary=2019nbbase0 -
According to gov.uk:Big_G_NorthWales said:
The money has been allocated but I cannot advise about distributiondixiedean said:
And have any councils begun distribution of this money? On what criteria? Do they even know who is on UC?Big_G_NorthWales said:
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget
"Vulnerable households across the country will be able to access a new £500m support fund to help them with essentials over the coming months as the country continues its recovery from the pandemic.
The new Household Support Fund will support millions of households in England and will be distributed by councils in England, who know their local areas best and can directly help those who need it most, including for example, through small grants to meet daily needs such as food, clothing, and utilities. Cash will be made available to Local Authorities in October 2021."
https://www.gov.uk/government/news/government-launches-500m-support-for-vulnerable-households-over-winter
Sounds like a bit of a recipe for bureacracy but we'll see.2 -
No. Because Councils will have to employ folk to draw up a form. And criteria. And assess applications. And, doubtless conduct interviews. And have a decision panel. And an appeals panel.Big_G_NorthWales said:
The money has been allocated but I cannot advise about distributiondixiedean said:
And have any councils begun distribution of this money? On what criteria? Do they even know who is on UC?Big_G_NorthWales said:
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget
When they are already skint.
And a primary purpose of UC was supposed to be to reduce red tape. And be done automatically Online. Councils don't even know who is on UC. So there will need to be some kind of advertising budget too.
The idea that this will cover the £20 a week is laughable.
But Tories will love it.0 -
As a matter of interest how do you see a wealth tax workingeek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view0 -
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers0 -
From the taxes of Boomer BigG’s children and grandchildren.Benpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above1 -
Thanks for posting that infoBenpointer said:
According to gov.uk:Big_G_NorthWales said:
The money has been allocated but I cannot advise about distributiondixiedean said:
And have any councils begun distribution of this money? On what criteria? Do they even know who is on UC?Big_G_NorthWales said:
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget
"Vulnerable households across the country will be able to access a new £500m support fund to help them with essentials over the coming months as the country continues its recovery from the pandemic.
The new Household Support Fund will support millions of households in England and will be distributed by councils in England, who know their local areas best and can directly help those who need it most, including for example, through small grants to meet daily needs such as food, clothing, and utilities. Cash will be made available to Local Authorities in October 2021."
https://www.gov.uk/government/news/government-launches-500m-support-for-vulnerable-households-over-winter
Sounds like a bit of a recipe for bureacracy but we'll see.1 -
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.0 -
@Benpointer has helpfully posted the schemedixiedean said:
No. Because Councils will have to employ folk to draw up a form. And criteria. And assess applications. And, doubtless conduct interviews. And have a decision panel. And an appeals panel.Big_G_NorthWales said:
The money has been allocated but I cannot advise about distributiondixiedean said:
And have any councils begun distribution of this money? On what criteria? Do they even know who is on UC?Big_G_NorthWales said:
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget
When they are already skint.
And a primary purpose of UC was supposed to be to reduce red tape. And be done automatically Online. Councils don't even know who is on UC. So there will need to be some kind of advertising budget too.
The idea that this will cover the £20 a week is laughable.
But Tories will love it.0 -
People in the North and Midlands and Scotland and Wales and NI on average incomes have far lower costs of living than in the South and can afford to buy a property on an average wage.Big_G_NorthWales said:
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south
People on an average wage in most of London and much of the South East need to inherit or have parental assistance to help them be able to afford the deposit and be able to buy a property1 -
Just got in from the pub.
I see from Sky News that LAB and LD will not be standing in Southend W. As a moderate working class Conservative I appreciate this from the opposition. I also appreciate the appearance of Keir and the Speaker in Leigh on Sea today.2 -
Yes.Big_G_NorthWales said:
@Benpointer has helpfully posted the schemedixiedean said:
No. Because Councils will have to employ folk to draw up a form. And criteria. And assess applications. And, doubtless conduct interviews. And have a decision panel. And an appeals panel.Big_G_NorthWales said:
The money has been allocated but I cannot advise about distributiondixiedean said:
And have any councils begun distribution of this money? On what criteria? Do they even know who is on UC?Big_G_NorthWales said:
The 500 million allocated covers the loss in full for 4 weeksdixiedean said:
A huge proportion within the week.Benpointer said:
It's going to be very interesting to see what the budget holds, as Big_G says.another_richard said:
From the people spending itBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
Which there appears to be plenty of currently.
Longer term from rising productivity, that might be trickier.
The UC cut will actually take quite a lot of money out of the economy; pretty much every penny of UC gets spent within the month it's paid.
Hence my comments about Rishi budget
When they are already skint.
And a primary purpose of UC was supposed to be to reduce red tape. And be done automatically Online. Councils don't even know who is on UC. So there will need to be some kind of advertising budget too.
The idea that this will cover the £20 a week is laughable.
But Tories will love it.
And I've posted how it will be administered.
Do you think someone will have a bag of cash and just give it to anyone who turns up?
It's piling more logs on the bonfire of red tape.
And not setting fire to it.2 -
Actually my son in law retires on the 31st December so he becomes a pensioner as wellOldBasing said:
From the taxes of Boomer BigG’s children and grandchildren.Benpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above0 -
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.0 -
That is not how the tax system should workHYUFD said:
People in the North and Midlands and Scotland and Wales and NI on average incomes have far lower costs of living than in the South and can afford to buy a property on an average wage.Big_G_NorthWales said:
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south
People on an average wage in most of London and much of the South East need to inherit or have parental assistance to help them be able to afford the deposit and be able to buy a property0 -
But surely that will put the cost of pension tax relief up as most people are on basic rate tax only. Maybe I am missing something here. Needs to be at 20% only. It is easy to calculate even for defined benefit schemes.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers0 -
Can you define the top 5% of wealth ownersBenpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
0 -
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers0 -
We are not all like @HYUFD as @NickPalmer explained in a post yesterdayGallowgate said:
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.0 -
My suggestion: 1% pa on all individual assets over £1m. Legal obligation to self-declare and complete an annual return.Big_G_NorthWales said:
As a matter of interest how do you see a wealth tax workingeek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
So, assets of £1m = £0 Wealth Tax (WT) pa
Assets of £1.5m = £5k WT pac(£500k over threshold x 1%)
Assets of £2m = £10k WT pa (£1m over threshold x 1%)
Assets of £10m = £90k WT pa
Assets of £101m = £1m WT pa
etc.0 -
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers0 -
I do indeed get it. Hence I never vote Tory and hence my final line.Gallowgate said:
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.0 -
I feel sorry for ordinary hard working people in London and the South East looking to buy their first home. If the Conservatives could sort this without losing the votes of Nimbys they would be in power for the forseeable future.HYUFD said:
People in the North and Midlands and Scotland and Wales and NI on average incomes have far lower costs of living than in the South and can afford to buy a property on an average wage.Big_G_NorthWales said:
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south
People on an average wage in most of London and much of the South East need to inherit or have parental assistance to help them be able to afford the deposit and be able to buy a property2 -
I thought you'd left the Tory part Big_G?Big_G_NorthWales said:
We are not all like @HYUFD as @NickPalmer explained in a post yesterdayGallowgate said:
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.0 -
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.1 -
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.0 -
Ordinary rate tax payers would see their pension tax relief rise from 20% to 25%londonpubman said:
But surely that will put the cost of pension tax relief up as most people are on basic rate tax only. Maybe I am missing something here. Needs to be at 20% only. It is easy to calculate even for defined benefit schemes.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
It is one of several political under review0 -
They are investing it for future generations for their children and grandchildren to inherit that property wealth, what an absurd statementGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.0 -
No. We need to tax the Mummy and Daddy money away as that distorts the property market in South East so ordinary decent working class people have a chance to get on.HYUFD said:
People in the North and Midlands and Scotland and Wales and NI on average incomes have far lower costs of living than in the South and can afford to buy a property on an average wage.Big_G_NorthWales said:
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south
People on an average wage in most of London and much of the South East need to inherit or have parental assistance to help them be able to afford the deposit and be able to buy a property2 -
No, they're hoarding it for THEIR children. They pillaged the exchequer and hoarded it for themselves.HYUFD said:
They are investing it for future generations for their children and grandchildren to inherit that property wealth, what an asburd statementGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.
I find it quite frankly disgusting.2 -
Makes me laugh when politicians wheel out the 'hard working people' schtick as the alleged beneficiaries of all their every action... before providing more support to those living off unearned income.Fairliered said:
I feel sorry for ordinary hard working people in London and the South East looking to buy their first home. If the Conservatives could sort this without losing the votes of Nimbys they would be in power for the forseeable future.HYUFD said:
People in the North and Midlands and Scotland and Wales and NI on average incomes have far lower costs of living than in the South and can afford to buy a property on an average wage.Big_G_NorthWales said:
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south
People on an average wage in most of London and much of the South East need to inherit or have parental assistance to help them be able to afford the deposit and be able to buy a property0 -
Seems fair enoughBenpointer said:
My suggestion: 1% pa on all individual assets over £1m. Legal obligation to self-declare and complete an annual return.Big_G_NorthWales said:
As a matter of interest how do you see a wealth tax workingeek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
So, assets of £1m = £0 Wealth Tax (WT) pa
Assets of £1.5m = £5k WT pac(£500k over threshold x 1%)
Assets of £2m = £10k WT pa (£1m over threshold x 1%)
Assets of £10m = £90k WT pa
Assets of £101m = £1m WT pa
etc.0 -
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters like BigG want more tax and spend they can vote Starmer Labour, that is what Labour is for0 -
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for1 -
Did someone mention IHT?
And as for scrapping higher rate tax relief, how does that work for DB scheme members and salary sacrifice generally ?0 -
Do I care? No, you are not a Tory, so why should I? You won't vote for us anyway.Gallowgate said:
No, they're hoarding it for THEIR children. They pillaged the exchequer and hoarded it for themselves.HYUFD said:
They are investing it for future generations for their children and grandchildren to inherit that property wealth, what an asburd statementGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.
I find it quite frankly disgusting.
I am a Tory because I believe in the family and inherited wealth in large part1 -
Actually I have but @NickPalmer point was that political parties have wide and diverse supporters such as @HYUFD and myself though I am not committed to voting for any party in GE24 at this stageBenpointer said:
I thought you'd left the Tory part Big_G?Big_G_NorthWales said:
We are not all like @HYUFD as @NickPalmer explained in a post yesterdayGallowgate said:
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
Indeed my main concern is to keep taking my daily pills so I have the decision to make in 241 -
I don't really care if you care or not to be honest.HYUFD said:
Do I care? No you are not a Tory, why should I, you won't vote for us anyway.Gallowgate said:
No, they're hoarding it for THEIR children. They pillaged the exchequer and hoarded it for themselves.HYUFD said:
They are investing it for future generations for their children and grandchildren to inherit that property wealth, what an asburd statementGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.
I find it quite frankly disgusting.
I am a Tory because I believe in the family and inherited wealth in large part4 -
I have no issue with tax rises for everyone and IHT is an excellent tax on property wealth on deathGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.
0 -
What is wealth please.... Is it someone with £1M in their pension pot or someone with a DB pension of £50k pa? The latter being worth more obviously.... Despite what the LTA says. Or is it Isas which were and are supposed to be tax-free... And what about VCTs?Benpointer said:
My suggestion: 1% pa on all individual assets over £1m. Legal obligation to self-declare and complete an annual return.Big_G_NorthWales said:
As a matter of interest how do you see a wealth tax workingeek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
So, assets of £1m = £0 Wealth Tax (WT) pa
Assets of £1.5m = £5k WT pac(£500k over threshold x 1%)
Assets of £2m = £10k WT pa (£1m over threshold x 1%)
Assets of £10m = £90k WT pa
Assets of £101m = £1m WT pa
etc.1 -
What a load of rubbish.londonpubman said:
No. We need to tax the Mummy and Daddy money away as that distorts the property market in South East so ordinary decent working class people have a chance to get on.HYUFD said:
People in the North and Midlands and Scotland and Wales and NI on average incomes have far lower costs of living than in the South and can afford to buy a property on an average wage.Big_G_NorthWales said:
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south
People on an average wage in most of London and much of the South East need to inherit or have parental assistance to help them be able to afford the deposit and be able to buy a property
As long as London remains a global city and attracts foreign investment and large numbers of high earning incomers from across the UK and abroad those born there will not be able to afford to buy there unless they get a high income or inherit.
Londoners who cannot afford to buy in the capital will then move out to the Home Counties to buy in turn pricing out those born in the Home Counties unless they get an above average income or inherit.0 -
I must admit that I am not particularly representative of the population at large; but for me the danger constituted by the woke is so intolerable that I am forced to vote for this completely insane bullshit.Gallowgate said:
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.0 -
My condolencesdarkage said:
I must admit that I am not particularly representative of the population at large; but for me the danger constituted by the woke is so intolerable that I am forced to vote for this completely insane bullshit.Gallowgate said:
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.1 -
You may be eating your words on the 28thHYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters like BigG want more tax and spend they can vote Starmer Labour, that is what Labour is for0 -
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for0 -
Sounds good to me!HYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for4 -
Well according to this ONS report from last year the top 10% of 'households' (not individuals) have an average ot £2.5m.Big_G_NorthWales said:
Can you define the top 5% of wealth ownersBenpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2016tomarch2018#analysis-by-total-wealth-decile
(see figure 5)
Say on average that means the top 5% have double that (a conservative estimate since the curve gets steeper in the higher deciles) but households are on average two individuals, you come back to something in the >£1m area for individuals equating to the top 5%.
I suspect the Treasury know pretty accuately.0 -
Your statement is absurd and has no place in a fair tax societyHYUFD said:
They are investing it for future generations for their children and grandchildren to inherit that property wealth, what an absurd statementGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.0 -
Ultimately it's going to be property wealth in a vast amount of cases I presumeScrapheap_as_was said:
What is wealth please.... Is it someone with £1M in their pension pot or someone with a DB pension of £50k pa? The latter being worth more obviously.... Despite what the LTA says. Or is it Isas which were and are supposed to be tax-free... And what about VCTs?Benpointer said:
My suggestion: 1% pa on all individual assets over £1m. Legal obligation to self-declare and complete an annual return.Big_G_NorthWales said:
As a matter of interest how do you see a wealth tax workingeek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
So, assets of £1m = £0 Wealth Tax (WT) pa
Assets of £1.5m = £5k WT pac(£500k over threshold x 1%)
Assets of £2m = £10k WT pa (£1m over threshold x 1%)
Assets of £10m = £90k WT pa
Assets of £101m = £1m WT pa
etc.0 -
Have you got an infestation of those nasty wokes? Sorry to hear that.darkage said:
I must admit that I am not particularly representative of the population at large; but for me the danger constituted by the woke is so intolerable that I am forced to vote for this completely insane bullshit.Gallowgate said:
Don't you get it? The Tory party exists to protect private wealth and estates already accumulated. It isn't interested in the country at large, as confirmed by @HYUFD .Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
Hint: check under the bed.0 -
Your idea of a 'fair tax society' belongs to Labour or the LDs, it has no place in the Tory PartyBig_G_NorthWales said:
Your statement is absurd and has no place in a fair tax societyHYUFD said:
They are investing it for future generations for their children and grandchildren to inherit that property wealth, what an absurd statementGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.0 -
@Theuniondivvie
I have been buying art since my late 20's. I have quite a collection - mostly painting but some sculpture as well. One of the joys of moving to the Lakes is that I have space to hang some of my bigger paintings. I've inherited quite a bit as well. And I did buy my last painting last year in June.
@Richard_Tyndall
There is another sad - and sadly apposite - anniversary this week. A year ago yesterday marked the day a schoolteacher was beheaded by a terrorist in France - Samuel Paty: a teacher doing his job - just like Sir David Amess.
I note, incidentally, that his attacker is believed - at least according to the Times today - to have been born in the UK.
On a more personal level Husband's throat test results came back and there is no abnormality suggesting anything serious. Which is a relief. Not just for the obvious reason but also because Himself was finding ever more creative ways of playing the "I am probably dying so you must do this for me" card. And I was beginning to find this a teensy bit tiresome.
Also Daughter's chef finally left hospital after seven weeks having had an extremely serious car crash. He will need more operations. But he is lucky to be alive and on the recovery path. It has been an immensely difficult time and he is not yet in a position to work. But he is alive and will get better which is the important thing.
Daughter has now taken on the chef's role as well. That girl's resilience and calmness under pressure is astonishing. Son has been appointed Front of House Manager where I - newly promoted to waitress, potato peeler and chips maker and, get this, pudding chef (sundaes, Eton Mess and syrup puddings my speciality) - have discovered that he too has the Cyclefree bossiness gene. Quite right too.
I am in London next week for work. I shall check out all the excitement on offer.
8 -
So basically a council tax then... And good for my equity release demand too perhaps...Gallowgate said:
Ultimately it's going to be property wealth in a vast amount of cases I presumeScrapheap_as_was said:
What is wealth please.... Is it someone with £1M in their pension pot or someone with a DB pension of £50k pa? The latter being worth more obviously.... Despite what the LTA says. Or is it Isas which were and are supposed to be tax-free... And what about VCTs?Benpointer said:
My suggestion: 1% pa on all individual assets over £1m. Legal obligation to self-declare and complete an annual return.Big_G_NorthWales said:
As a matter of interest how do you see a wealth tax workingeek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
So, assets of £1m = £0 Wealth Tax (WT) pa
Assets of £1.5m = £5k WT pac(£500k over threshold x 1%)
Assets of £2m = £10k WT pa (£1m over threshold x 1%)
Assets of £10m = £90k WT pa
Assets of £101m = £1m WT pa
etc.0 -
Inheritance Tax is the only voluntary tax. If you have a competent IFA you won’t pay it.1
-
Or Nasty Party as you so rightly admitted yesterday.HYUFD said:
Your idea of a 'fair tax society' belongs to Labour or the LDs, it has no place in the Tory PartyBig_G_NorthWales said:
Your statement is absurd and has no place in a fair tax societyHYUFD said:
They are investing it for future generations for their children and grandchildren to inherit that property wealth, what an absurd statementGallowgate said:
Why should taxes rise on working people first when it's the older generation with the accumulated property wealth who decided to spunk all of our country's wealth in the first place rather than invest it for future generations?Big_G_NorthWales said:
It is one suggestion but taxes will rise no matter who is in power as long as we support the NHS, social care, education and climate changeGallowgate said:
But that's another benefit removed from working people that the retired enjoyed themselves.Big_G_NorthWales said:
I really do not think Rishi has that optionGallowgate said:
It's not a genuine proposal - it's my cynical expectation of what is going to happen.Big_G_NorthWales said:
I am trying to follow you but you have lost meGallowgate said:
What I mean is that we'll just continue to borrow to fund the goodies for the oldies whilst removing said goodies from anyone under 60.Big_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
Maybe explain your proposals as I am genuinely interested
At the end of the day the Government has to look after their client vote and that means no increase in IHT and no wealth/property tax.
Ergo the only option is to raise taxes further on working people and plan to phase out elderly benefits for future generations, whilst borrowing in the meantime.
Higher rate pension relief is an obvious target rounded to a flat 25% thereby helping standard rate tax payers but obviously hitting higher rate payers
The absolute arrogance and entitlement is outstanding.
It gets better and better!0 -
The point you are blind to is that due to covid and climate change the conservatives will have no choiceHYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for0 -
@HYUFD will just pivot and proclaim he has always supported X policy and that any tax rise isn't in fact a tax rise, or something.Big_G_NorthWales said:
The point you are blind to is that due to covid and climate change the conservatives will have no choiceHYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for3 -
I won't, if Sunak puts up IHT he will be sacked within a week as the Tory vote would collapse in the South and especially see large leakage to ReformUK. See May's dementia tax disaster which cost her her majority in 2017 to see the fury of the Tory core vote if they and their families' property assets are threatened.Big_G_NorthWales said:
You may be eating your words on the 28thHYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters like BigG want more tax and spend they can vote Starmer Labour, that is what Labour is for
Which is why he won't, at most he will fiddle with some reliefs.
If you are so desperate to raise IHT and for wealth taxes off to Starmer Labour with you!1 -
I know and have predicted it for some timeGallowgate said:
@HYUFD will just pivot and proclaim he has always supported X policy and that any tax rise isn't in fact a tax rise, or something.Big_G_NorthWales said:
The point you are blind to is that due to covid and climate change the conservatives will have no choiceHYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for1 -
Crap.Big_G_NorthWales said:
The point you are blind to is that due to covid and climate change the conservatives will have no choiceHYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for
Lockdown has ended, furlough has ended and hospitalisations have fallen sharply. There are no extra funds needed beyond those already given and climate change has sod all to do with public spending but replacing fossil fuels with renewables which we are world leaders in anyway. Otherwise it is getting the US, China and India to do something as they will have far more impact on it than we would0 -
Holding the IHT nil-rate band at it's current level for an extended period time will be in effect a % rise in IHT each year. You alright with that?HYUFD said:
I won't, if Sunak puts up IHT he will be sacked within a week as the Tory vote would collapse in the South and especially see large leakage to ReformUK.Big_G_NorthWales said:
You may be eating your words on the 28thHYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters like BigG want more tax and spend they can vote Starmer Labour, that is what Labour is for
Which is why he won't, at most he will fiddle with some reliefs.
If you are so desperate to raise IHT and for wealth taxes off to Starmer Labour with you!0 -
Rishi will not be sacked and you are locked in some out of date mindset and not noticed how your PM has gone left and is now a big spending big taxing conservatives leader and PMHYUFD said:
I won't, if Sunak puts up IHT he will be sacked within a week as the Tory vote would collapse in the South and especially see large leakage to ReformUK.Big_G_NorthWales said:
You may be eating your words on the 28thHYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters like BigG want more tax and spend they can vote Starmer Labour, that is what Labour is for
Which is why he won't, at most he will fiddle with some reliefs.
If you are so desperate to raise IHT and for wealth taxes off to Starmer Labour with you!0 -
You are in total denialHYUFD said:
Crap.Big_G_NorthWales said:
The point you are blind to is that due to covid and climate change the conservatives will have no choiceHYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for
Lockdown has ended, furlough has ended and hospitalisations have fallen sharply. There are no extra funds needed beyond those already given and climate change has sod all to do with public spending but replacing fossil fuels with renewables which we are world leaders in anyway. Otherwise it is getting the US, China and India to do something as they will have far more impact on it than we would
There are none so blind as those who will not see0 -
You are in total denial you are in the wrong party.Big_G_NorthWales said:
You are in total denialHYUFD said:
Crap.Big_G_NorthWales said:
The point you are blind to is that due to covid and climate change the conservatives will have no choiceHYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for
Lockdown has ended, furlough has ended and hospitalisations have fallen sharply. There are no extra funds needed beyond those already given and climate change has sod all to do with public spending but replacing fossil fuels with renewables which we are world leaders in anyway. Otherwise it is getting the US, China and India to do something as they will have far more impact on it than we would
There are none so blind as those who will not see
If you want to raise IHT and impose vast wealth taxes you have no place in the Tory Party1 -
I am not in any partyHYUFD said:
You are in total denial you are in the wrong party.Big_G_NorthWales said:
You are in total denialHYUFD said:
Crap.Big_G_NorthWales said:
The point you are blind to is that due to covid and climate change the conservatives will have no choiceHYUFD said:
Labour would have put up income tax and IHT too and imposed a wealth tax and spent more than the Tories tooGallowgate said:
Tax and spend is the modern Conservative Party whether you like it or not. It's just only the workers who get taxed.HYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters want more tax and spend they can vote Labour, that is what Labour is for
Lockdown has ended, furlough has ended and hospitalisations have fallen sharply. There are no extra funds needed beyond those already given and climate change has sod all to do with public spending but replacing fossil fuels with renewables which we are world leaders in anyway. Otherwise it is getting the US, China and India to do something as they will have far more impact on it than we would
There are none so blind as those who will not see2 -
Crap.Big_G_NorthWales said:
Rishi will not be sacked and you are locked in some out of date mindset and not noticed how your PM has gone left and is now a big spending big taxing conservatives leader and PMHYUFD said:
I won't, if Sunak puts up IHT he will be sacked within a week as the Tory vote would collapse in the South and especially see large leakage to ReformUK.Big_G_NorthWales said:
You may be eating your words on the 28thHYUFD said:
We don't need any more tax rises, we are the Conservative party we are already spending quite enough as it is so no more rises in spending and we continue with cuts in overseas aid etc which were protected in the Cameron years.Stuartinromford said:
Partly donors, but also symbolism.Benpointer said:
I accept that the term wealth tax is emotive, but surely the actual impact depends on the threshold? If you set the threshold so that only the top 5% of wealth owners are impacted, and deliver that message clearly, most Tory voters will realise it's not affecting them. The 5% can afford it frankly.IshmaelZ said:
It would be even less palatable to the Tory vote than a beefed up inheritance tax, which at least doesn't affect you till you are dead. So it makes no sense to go to a wealth tax rather than beef up iht - scrap the property exemption, abolish the 7 year rule.Benpointer said:
Imo you can tax wealth a lot before it starts impacting the economy! Most wealth is doing absolutely nothing for the economy: all that tied up in property for a start.Big_G_NorthWales said:
Rishi needs to tax wealth but then is that enough and how much can you tax wealth before it becomes negative to the economyBenpointer said:
Yes but Labour have an easier way out if they care to choose it... tax the wealthy.Big_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
But the beauty is you really don't need to tax it that much at all to get vast amounts of debt-reducing government income.
PS The Tories will never do it properly because... donors.
Still not happening though because... Tory donors.
As @HYUFD reminds us, the raising of the IHT threshold was very popular with Conservative supporters. Not so much because of the amounts to tax paid and saved, but because of what it represented. In many ways, inheritance is a rational time for tax to happen- the deceased has gone to a place where they won't mind and a tax taking a slice of a windfall is less painful than a tax on regular income. But the symbolism grates.
The other tax that falls in the same category is fuel duty. It's been frozen for ages now, to the extent that it's a non-trivial hole in the national finances. We ought to be discouraging driving and encouraging more efficient use of vehicles. But it's untouchable. Partly out of fear of the fuel protests two decades ago, partly because White Van Man is the archetype of a type of Toryism, not to be punished.
Rishi's problem is that the hefty tax rises announced in the Spring Budget (remember those?) and the NI increase announced in September don't look like being enough.
And he's running out of sofas to rummage in for a few more coppers.
If voters like BigG want more tax and spend they can vote Starmer Labour, that is what Labour is for
Which is why he won't, at most he will fiddle with some reliefs.
If you are so desperate to raise IHT and for wealth taxes off to Starmer Labour with you!
Cameron and Osborne forced Brown to postpone a 2007 election because of their popular proposed IHT cut and won the 2015 election in large part to implement the IHT cut with a Tory majority.
May lost her majority in 2017 because of proposing to take her core votes houses away. Boris is not as stupid as you are or May was and knows who his core vote is1 -
Ok first off, I haven't designed a whole fecking policy - I am just floating an idea.Scrapheap_as_was said:
What is wealth please.... Is it someone with £1M in their pension pot or someone with a DB pension of £50k pa? The latter being worth more obviously.... Despite what the LTA says. Or is it Isas which were and are supposed to be tax-free... And what about VCTs?Benpointer said:
My suggestion: 1% pa on all individual assets over £1m. Legal obligation to self-declare and complete an annual return.Big_G_NorthWales said:
As a matter of interest how do you see a wealth tax workingeek said:
The only options are borrow more or create a wealth tax - IHT won’t generate muchBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
So, assets of £1m = £0 Wealth Tax (WT) pa
Assets of £1.5m = £5k WT pac(£500k over threshold x 1%)
Assets of £2m = £10k WT pa (£1m over threshold x 1%)
Assets of £10m = £90k WT pa
Assets of £101m = £1m WT pa
etc.
But all your points are answerable as part of an actual policy:
Pension pots - I'd say exclude until crystalised, there are existing rules for that (which can also be used for DB pensions - if the LTA rules are wrong (which I agree they are) they need fixing anyway). If you draw down or buy an annuity you convert your pension pot into an income (as was always intended). If you choose to take it as a lump sum well, tough titty, you have a potentially WTable asset.
ISAs I'd be inclined to include regardless, they were only sold as free from income and CGT imo. But really, if you exclude them, fair dos - you could still include values invested from 2022/3 onwards. Or exclude the completely - they're not holding the bulk of the wealth of the super-wealthy who are the target of this.
VCTs - definitely include as an asset. Fecking scam for the wealthy imo.
0 -
Worst post of all time!HYUFD said:
What a load of rubbish.londonpubman said:
No. We need to tax the Mummy and Daddy money away as that distorts the property market in South East so ordinary decent working class people have a chance to get on.HYUFD said:
People in the North and Midlands and Scotland and Wales and NI on average incomes have far lower costs of living than in the South and can afford to buy a property on an average wage.Big_G_NorthWales said:
I am being polite as I can when I say you are so boringHYUFD said:
Well please go to Starmer Labour or the LDs then to pursue your case further as the Tories are not going to remove it as Osborne's raising the IHT thereshold to £1 million was the most popular Tory policy this century, especially in London and the SouthBig_G_NorthWales said:
I assume you mean IHT which I have argued incessantly with @HYUFD about as I believe I million exemption is too highGallowgate said:
Easy - from future generationsBig_G_NorthWales said:
ExactlyBenpointer said:FPT:
Where's the money coming from Big_G?Big_G_NorthWales said:
It looks as if pensioners are going to receive a near 4% rise in April and I assume other benefits will rise by the same amountBenpointer said:
Shortages are just one thing; increased taxes and prices will also potentially begin to impact.Leon said:
Quite an odd poll. Looks like movement straight from the Tories to the LDs.Scott_xP said:Westminster voting intention:
CON: 38% (-4)
LAB: 37% (-)
LDEM: 9% (+3)
via @DeltapollUK, 13 - 15 Oct
Chgs. w/ 26 Jul
Tory Remainers finally incensed by Brexit ‘shortages’? Suggests it won’t last IF the shortages ease
Disaffected Tory voters flocking to the LibDems is nothing new.
But this is just one poll - see how things look by the end of the year.
Also expect a substantial rise in the minimum wage in the budget, together with other measures to help the low paid
I would be very surprised if Rishi does not do the above
And that is the unanswered question for both parties as they face the same demands
At least on the 27th we may have some idea
If not maybe you could expand your view
And entirely self interest - why should people in the north subside your housing deposit in the south
People on an average wage in most of London and much of the South East need to inherit or have parental assistance to help them be able to afford the deposit and be able to buy a property
As long as London remains a global city and attracts foreign investment and large numbers of high earning incomers from across the UK and abroad those born there will not be able to afford to buy there unless they get a high income or inherit.
Londoners who cannot afford to buy in the capital will then move out to the Home Counties to buy in turn pricing out those born in the Home Counties unless they get an above average income or inherit.
I being from a poor working class background have managed to buy a house in London by my own achievements and without the help of mummy or daddy money which is a good job as there wasn't any.
@HYUFD did you buy your flat in Epping fully on your own resources?
Your policies on inheritance deny social mobility and you really have no idea whatsoever.4