Labours first budget and likely outcomes

[768]

oyster said:

A 1% annual charge on all net wealth over a threshold of approx £100k would be the perfect solution, and we could then scrap IHT and possibly CGT too. It would also be able to fund a sizeable cut in income taxes, whilst also maintaining government revenues.

Or, it would lead to an (increased) exodus and leave the UK poorer.

[Arrivalist]

Esquire said:

monkfish1 said:

Is it thougfh?

You say its the opposite of what they have tried to achieve? Where the evidence of they trying to achieve that? Yes, they said some words, but that doesnt mean much. Last lot said lots of words and didnt do anything they said they would.

Id suggest, rather than utter incomptence, they are well on the way to achieving all the things you state in your first sentance. If thats the intention, then they are doing quite well.

Quite, they are destroying any consumer confidence and wrecking business's.

It’s frightening to see what actions can be taken in the name of ideology.

[zorba_the_greek]

Esquire said:

Signed.

Anything that helps unsettle these utter buffoons is good in my book.

Now at 722k!

https://petition.parliament.uk/petitions/700143

[turbobloke]

zorba_the_greek said:

Esquire said:

Signed.

Anything that helps unsettle these utter buffoons is good in my book.

Now at 722k!

https://petition.parliament.uk/petitions/700143

764,956 less than 30 minutes later.

[Arrivalist]

768 said:

oyster said:

A 1% annual charge on all net wealth over a threshold of approx £100k would be the perfect solution, and we could then scrap IHT and possibly CGT too. It would also be able to fund a sizeable cut in income taxes, whilst also maintaining government revenues.

Or, it would lead to an (increased) exodus and leave the UK poorer.

Definitely.

I’m already planning on moving out of the UK in a few years but something like a crazy 1% on my wealth would accelerate that.

[Saleen836]

markiii said:

yeah great way to make everyone poorer

That will be after their next budget, they only said no tax rises for the working man in this budget! 50p says they increase them at the next

[Crudeoink]

turbobloke said:

764,956 less than 30 minutes later.

It's just tipped over 900k. It's really building momentum now

[TownIdiot]

Crudeoink said:

turbobloke said:

764,956 less than 30 minutes later.

It's just tipped over 900k. It's really building momentum now

I wonder if it will get as many as the petition to revoke article 50 and remain in the EU.

[philv]

Saleen836 said:

markiii said:

yeah great way to make everyone poorer

That will be after their next budget, they only said no tax rises for the working man in this budget! 50p says they increase them at the next

There'll always be another surprise black hole, potential run on the pound garbage to justify whatever they want to do.
Unfortunately, we were stupid enough to vote them in.

[Ducati996R]

philv said:

Saleen836 said:

markiii said:

yeah great way to make everyone poorer

That will be after their next budget, they only said no tax rises for the working man in this budget! 50p says they increase them at the next

There'll always be another surprise black hole, potential run on the pound garbage to justify whatever they want to do.
Unfortunately, we were stupid enough to vote them in.

Problem was ….previous lot were crooks and lined their pockets and their mates pockets …this lot told some porkys

[Arrivalist]

Ducati996R said:

philv said:

Saleen836 said:

markiii said:

yeah great way to make everyone poorer

That will be after their next budget, they only said no tax rises for the working man in this budget! 50p says they increase them at the next

There'll always be another surprise black hole, potential run on the pound garbage to justify whatever they want to do.
Unfortunately, we were stupid enough to vote them in.

Problem was ….previous lot were crooks and lined their pockets and their mates pockets …this lot told some porkys

Told some porkys and set about destroying the economy, killing pensioners …..

[Esquire]

Arrivalist said:

Told some porkys and set about destroying the economy, killing pensioners …..

Yup the very same pensioners that voted then in .
Scandalous

[Countdown]

Arrivalist said:

768 said:

oyster said:

A 1% annual charge on all net wealth over a threshold of approx £100k would be the perfect solution, and we could then scrap IHT and possibly CGT too. It would also be able to fund a sizeable cut in income taxes, whilst also maintaining government revenues.

Or, it would lead to an (increased) exodus and leave the UK poorer.

Definitely.

I’m already planning on moving out of the UK in a few years but something like a crazy 1% on my wealth would accelerate that.

I thought everybody had already decided to leave?

[Enut]

Crudeoink said:

turbobloke said:

764,956 less than 30 minutes later.

It's just tipped over 900k. It's really building momentum now

1 million now.

[zorba_the_greek]

Enut said:

Crudeoink said:

turbobloke said:

764,956 less than 30 minutes later.

It's just tipped over 900k. It's really building momentum now

1 million now.

it is absolutely flying. Not seen a petition get so many signature so quickly.

Wonder if tomorrows papers will pick up on this

[BigMon]

zorba_the_greek said:

Enut said:

Crudeoink said:

turbobloke said:

764,956 less than 30 minutes later.

It's just tipped over 900k. It's really building momentum now

1 million now.

it is absolutely flying. Not seen a petition get so many signature so quickly.

Wonder if tomorrows papers will pick up on this

It will not make one iota of difference. As someone said earlier, the next election has already been announced, for 2029.

[TownIdiot]

zorba_the_greek said:

it is absolutely flying. Not seen a petition get so many signature so quickly.

Wonder if tomorrows papers will pick up on this

Of course they will.

The usual suspects will be all over it.
Even Elon Musk is in on the game.

[Arrivalist]

Countdown said:

Arrivalist said:

768 said:

oyster said:

A 1% annual charge on all net wealth over a threshold of approx £100k would be the perfect solution, and we could then scrap IHT and possibly CGT too. It would also be able to fund a sizeable cut in income taxes, whilst also maintaining government revenues.

Or, it would lead to an (increased) exodus and leave the UK poorer.

Definitely.

I’m already planning on moving out of the UK in a few years but something like a crazy 1% on my wealth would accelerate that.

I thought everybody had already decided to leave?

Difficult to do the doing before the deciding don’t you think?

[Esquire]

BigMon said:

It will not make one iota of difference. As someone said earlier, the next election has already been announced, for 2029.

Quite right , it'll be nothing more than in tomorrows Daily Mail.

That said, i cant recall any previous incumbent government to be immediately so unpopular having not only stiffed rival voters but also their own!

[Countdown]

Esquire said:

Quite right , it'll be nothing more than in tomorrows Daily Mail.

That said, i cant recall any previous incumbent government to be immediately so unpopular having not only stiffed rival voters but also their own!

If we're talking about pensioners and farners with assets over £1m I don't think they were ever core Labour supporters. they might have voted labour in June because the other lot were so atrocious but I doubt Labour genuinely expected them to stay.

AFAICS (and happy to be corrected) the budget hasn't stiffed the majority of people.