[Politics] Labour Party meltdown incoming.......

[Bob!]

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

Ahhh!
Not a U-turn then.

Ms Reeves reiterated that she would not raise VAT, national insurance or income tax, as promised in Labour's manifesto, but she did not rule out increasing inheritance tax, capital gains tax, or reforming tax relief on pensions.

 

[Is it PotG?]

 

[nevergoagain]

Ahhh!
Not a U-turn then.

Ms Reeves reiterated that she would not raise VAT, national insurance or income tax, as promised in Labour's manifesto, but she did not rule out increasing inheritance tax, capital gains tax, or reforming tax relief on pensions.

Labour said repeatedly during the election campaign there would be no tax rises on "working people", so working people don't pay IHT or CGT ?

 

[WATFORD zero]

No, but I do get the feeling you're becoming more desperate by the hour

 

[Is it PotG?]

No, but I do get the feeling you're becoming more desperate by the hour

So glad that you and your edits are back

 

[Bold Seagull]

Labour said repeatedly during the election campaign there would be no tax rises on "working people", so working people don't pay IHT or CGT ?

Something like less than 1% of adults who an income taxed are liable for CGT. So that is pretty much a resounding no.

In terms of IHT, less than 5% of estates end up needing to pay IHT.

 

[Is it PotG?]

Something like less than 1% of adults who an income taxed are liable for CGT. So that is pretty much a resounding no.

In terms of IHT, less than 5% of estates end up needing to pay IHT.

That's a 'yes, they do' then.

 

[nevergoagain]

Something like less than 1% of adults who an income taxed are liable for CGT. So that is pretty much a resounding no.

In terms of IHT, less than 5% of estates end up needing to pay IHT.

Something like ?. LSE states it's less than 3% of taxpayers over a 10 year period. Government stats say 370k people paid it in 2021/22 so it's not exactly no one is it ?

 

[Bold Seagull]

Something like ?. LSE states it's less than 3% of taxpayers over a 10 year period. Government stats say 370k people paid it in 2021/22 so it's not exactly no one is it ?

It's not no one, but that wasn't your question.

 

[nevergoagain]

It's not no one, but that wasn't your question.

Eh?, you said it's pretty much a resounding no to the question of whether working people pay IHT or CGT when It's over 350k people.

 

[Bold Seagull]

Eh?, you said it's pretty much a resounding no to the question of whether working people pay IHT or CGT when It's over 350k people.

No, you specifically used the term 'working people'.

 

[Lenny Rider]

Putting political allegiences aside, you do have to have a degree of sympathy for Starmer and co.

Since victory on 5th July its been a shit storm, the Tories emptied the treasury, the riot in Leeds, Manchester Airport, Tommy Robinson's Martin Luther Kingesque civil rights march, Southport tradegy, subsequent race riot, all kinds of stuff going on in Southend, they must be wondering what the next 4 years and 11 months is going to bring?

 

[Ooh it’s a corner]

Putting political allegiences aside, you do have to have a degree of sympathy for Starmer and co.

Since victory on 5th July its been a shit storm, the Tories emptied the treasury, the riot in Leeds, Manchester Airport, Tommy Robinson's Martin Luther Kingesque civil rights march, Southport tradegy, subsequent race riot, all kinds of stuff going on in Southend, they must be wondering what the next 4 years and 11 months is going to bring?

I’m just glad we’ve got competent people in charge now rather than the clowns from the last five years or so in particular.
As an aside comparing that right wing **** with Martin Luther King in any way is a bit of a stretch imo

 

[Bold Seagull]

Tommy Robinson's Martin Luther Kingesque civil rights march

I mean, words fail me....

 

[Bry Nylon]

Is the Rachel Reeves who said she wouldn't raise taxes but who's now raising taxes the same Rachel Reeves who published a book in October 2023 (The Women Who Made Modern Economics) that featured over twenty passages simply lifted from other sources, including Wikipedia without reference or acknowledgment?

Perhaps she should have called her book The Woman Who Made a Shed Load of Royalties By Nicking Other Peoples' Work

Among many, many examples, here are just two that showcase Reeves' outstanding authorship and integrity....

The Guardian obituary for the late philosopher, Elizabeth Anscombe (published 2001) reads...
“Once, entering a smart restaurant in Boston, she was told that ladies were not admitted in trousers. She simply took them off.”

Reeves’ book reads...
"Once, when entering a smart restaurant in Boston, she was told that ladies were not admitted in trousers, so she took them off there and then!”

Wikipedia entry for Beatrice Webb reads...
“For her part, Beatrice voiced disapproval of Wells’ ‘sordid intrigue’ with the daughter of a veteran Fabian Sydney Olivier. He responded by lampooning the couple in his 1911 novel The New Machiavelli as Altiora and Oscar Bailey, a pair of short-sighted, bourgeois manipulators.”

Reeves’ book reads...
“For her part, Beatrice voiced disapproval of Wells’s ‘sordid intrigue’ with the daughter of a veteran Fabian member. He responded by lampooning the couple in his 1911 novel The New Machiavelli as Altiora and Oscar Bailey, a pair of short-sighted, bourgeois manipulators.”

Zero integrity. Zero trust.

Full story here https://www.theguardian.com/politic...-denies-plagiarism-new-book-female-economists

 

[MattBackHome]

MELTDOWN

 

[Wrong-Direction]

Putting political allegiences aside, you do have to have a degree of sympathy for Starmer and co.

Since victory on 5th July its been a shit storm, the Tories emptied the treasury, the riot in Leeds, Manchester Airport, Tommy Robinson's Martin Luther Kingesque civil rights march, Southport tradegy, subsequent race riot, all kinds of stuff going on in Southend, they must be wondering what the next 4 years and 11 months is going to bring?

More violence I'd expect?

 

[schmunk]

Labour said repeatedly during the election campaign there would be no tax rises on "working people", so working people don't pay IHT or CGT ?

No people pay IHT, working or otherwise.

Estates of former people pay IHT.

 

[Chicken Run]

Putting political allegiences aside, you do have to have a degree of sympathy for Starmer and co.

Since victory on 5th July its been a shit storm, the Tories emptied the treasury, the riot in Leeds, Manchester Airport, Tommy Robinson's Martin Luther Kingesque civil rights march, Southport tradegy, subsequent race riot, all kinds of stuff going on in Southend, they must be wondering what the next 4 years and 11 months is going to bring?

With power comes great responsibility, i would suggest though they’d take all of that ahead of a world pandemic no?

 

[carlzeiss]

Putting political allegiences aside, you do have to have a degree of sympathy for Starmer and co.

Since victory on 5th July its been a shit storm, the Tories emptied the treasury, the riot in Leeds, Manchester Airport, Tommy Robinson's Martin Luther Kingesque civil rights march, Southport tradegy, subsequent race riot, all kinds of stuff going on in Southend, they must be wondering what the next 4 years and 11 months is going to bring?

Starting to wonder if I made a mistake voting for them on July 5th as the country does appear to be going to the dogs ever since , at least to the casual observer anyway .
Still we will soon be saving on our weekly shopping , energy and motoring costs and at the end of the day folks it's the pound in your pocket that
really puts a smile on your face .

What Labour will do to ease the cost of living: How we’ll bring down bills, get wages rising and tackle sky-high prices – The Labour Party

Labour will tackle the cost of living by delivering economic stability, bringing down bills and improving wages with our plan for growth.

labour.org.uk