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Who is excited about the budget !?

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By *rHotNotts OP   Man 3 weeks ago

Dubai & Nottingham

Come on admitted politics is pretty boring most of the time but this budget has got everyone on the edges of the seats!

I’m just reading how Rachel ‘lied that she was an economist’ Reeves, Is planning to net-off student loans debts and treat them as assets allowing her to break borrowing rules to borrow up to another £53,000,000,000.

If she’s gonna be auctioning off much in Treasury bills she might wanna reconsider raising capital gains tax otherwise investors will want more than the usual 3%

I’m not an economist but I understand that when you’re net-off your debts as assets, there are certain considerations to make like number one the likelihood of them defaulting and number two, having a fixed & defined schedule for repayment that is unlikely to change.

Student loans…..hmmmm I’d put them in the same bucket as some of the toxic mortgages of the 1980s

Does this woman really think people are that thick & will agree to pass off toxic student debts as assets?

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By *otMe66Man 3 weeks ago

Terra Firma

Oh bless her, if this is the way she is really going we are taking all but in name a pay day loan.

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By *exy_HornyCouple 3 weeks ago

Leigh

She is highly likely to make those of us in the middle much poorer.

If we have worked hard in the private sector, but don’t earn a huge salary. Have saved enough not to worry if the boiler breaks down. Were hoping for a small inheritance. Have a small amount of savings in a private pension. So, just managing.

We’ll be done over, so “excited “ is not the right word.

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By *rHotNotts OP   Man 3 weeks ago

Dubai & Nottingham


"She is highly likely to make those of us in the middle much poorer.

If we have worked hard in the private sector, but don’t earn a huge salary. Have saved enough not to worry if the boiler breaks down. Were hoping for a small inheritance. Have a small amount of savings in a private pension. So, just managing.

We’ll be done over, so “excited “ is not the right word."

I think you will be pleasantly surprised. Maybe if you are maxing out your pension tax relief every year , paying 45% tax And have already lost your personal allowance. Maybe if you are early and nice steady second income from stocks and shares. Maybe if you’re due to inherit a few million, but that doesn’t sound like your description.

If you are maxing out your 20K ISA savings each year , and putting an extra £20 to £50K In your pension every March I think you’ll be fine.

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By *idnight RamblerMan 3 weeks ago

Pershore

The truth of the matter is that we, as a nation, are living beyond our means. We are accruing massive national debt, yet have no appetite for either austerity or tax increases. The solution this time seems to be tax increases. All very well, but there is a tipping point where more taxation str@ngles and shrinks the economy in a kind of death spiral. We are perilously close to that point.

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By *irldnCouple 3 weeks ago

Brighton

I could look this up but someone might know…

Who defined the current set of fiscal rules and when did they come into effect? Reeves is now changing those fiscal rules to a new set of rules but what were the rules before the current set of rules that she is now changing? How often have govts changed fiscal rules over the years? Is there an internationally recognised format for fiscal rules?

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By *uffleskloofMan 3 weeks ago

Cabo Verde

Will be interesting to see just how low Starmer’s popularity can drop. Already down 49 points since the election.

The biggest problem the country has with this government is that none of them have any business experience. I think they see the world through a very narrow public/third sector/trade union bubble.

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By *irldnCouple 3 weeks ago

Brighton

I had to look…

The first fiscal rules in the UK were adopted by the New Labour government in 1997. Those rules applied for over a decade, but since then the UK’s rules have changed more regularly. The current iteration of fiscal rules (set in November 2022) is the ninth set the UK has had. These nine sets of rules between them comprised 26 different rules in total, summarised in the table below.

[snip]

In the first 10 years of the UK having fiscal rules, neither rule changed and neither was broken – although the way the ‘golden rule’ (that government would only borrow to invest, not manage day-to-day spending) was assessed was changed when it appeared on course to be missed. However, the 2008 financial crisis changed this, leading to those first rules being abandoned.

Since then, rules have tended to have a much shorter shelf life. All the sets of rules that have existed since 2008 have been abandoned because at least one could not be met – only eight of the 22 rules before the current set were met or on course to be met when they were abandoned. Of these, only three were the primary rules that constrained deficits or debt. Other rules – on investment and debt interest – have tended to prove easier to meet.

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By *irldnCouple 3 weeks ago

Brighton

Charities are warning they may be forced to reduce their services if Rachel Reeves goes ahead with plans to increase national insurance (NI) on employers at the Budget this week.

The Chancellor is expected to announce an increase to employer NI contributions in Wednesday’s Budget, but there have been calls for the third sector to be exempt from any extra taxes.

Although public sector organisations are set to receive additional funding to cover the extra costs, the private sector and voluntary sector are expected to have to use their own funds to meet the additional burden, with warnings that smaller charities in particular would find the change difficult.

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By *eard and TattsCouple 3 weeks ago

Cwmbran

Yeah I'm quivering with anticipation

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By *emma StonesTV/TS 3 weeks ago

Crewe


"Charities are warning they may be forced to reduce their services if Rachel Reeves goes ahead with plans to increase national insurance (NI) on employers at the Budget this week.

The Chancellor is expected to announce an increase to employer NI contributions in Wednesday’s Budget, but there have been calls for the third sector to be exempt from any extra taxes.

Although public sector organisations are set to receive additional funding to cover the extra costs, the private sector and voluntary sector are expected to have to use their own funds to meet the additional burden, with warnings that smaller charities in particular would find the change difficult."

How much NI do charities pay volunteers

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By *onyandtrapMan 3 weeks ago

manchester

I am not really excited as the increase in CGT will cost me a fortune but labour have inherited a mess and need to make some tough decisions

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By *0shadesOfFilthMan 3 weeks ago

nearby

When your in for £2.6 trillion and PFI commitments what’s another £53bn

Public are paying anyway

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By *0shadesOfFilthMan 3 weeks ago

nearby


"I am not really excited as the increase in CGT will cost me a fortune but labour have inherited a mess and need to make some tough decisions "

Jury out on cgt atm, muted that property will stay at 24% for fear of exodus when renter reform bill passes.

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By *onyandtrapMan 3 weeks ago

manchester


"I am not really excited as the increase in CGT will cost me a fortune but labour have inherited a mess and need to make some tough decisions

Jury out on cgt atm, muted that property will stay at 24% for fear of exodus when renter reform bill passes. "

Ah right, I think it will increase , have to wait and see though

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By *0shadesOfFilthMan 3 weeks ago

nearby

The fact that Starmer had to issue a pre budget warning yesterday indicates it will be punitive.

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By *entleman_spyMan 3 weeks ago

nearby

I expect prices to go up at most places to cover the change in taxes to businesses if / when they manifest. I expect the housing market to slow down and prices to go up / rents to go up where people hold on to property / assets in the hope the next government with reduce cgt.

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By *0shadesOfFilthMan 3 weeks ago

nearby


"I expect prices to go up at most places to cover the change in taxes to businesses if / when they manifest. I expect the housing market to slow down and prices to go up / rents to go up where people hold on to property / assets in the hope the next government with reduce cgt. "

It’s been rumoured an extra tax class is coming for income from assets. If that’s the case higher cost of holding them, and/or selling them.

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By *irldnCouple 3 weeks ago

Brighton


"Charities are warning they may be forced to reduce their services if Rachel Reeves goes ahead with plans to increase national insurance (NI) on employers at the Budget this week.

The Chancellor is expected to announce an increase to employer NI contributions in Wednesday’s Budget, but there have been calls for the third sector to be exempt from any extra taxes.

Although public sector organisations are set to receive additional funding to cover the extra costs, the private sector and voluntary sector are expected to have to use their own funds to meet the additional burden, with warnings that smaller charities in particular would find the change difficult.

How much NI do charities pay volunteers "

None clearly but not everyone who works for a charity is a volunteer!

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By *irldnCouple 3 weeks ago

Brighton

Incomes could be hit for up to 800,000 freelance workers if the government decides tomorrow to increase employers’ national insurance contributions.

Chancellor Rachel Reeves is understood to be considering the move as part of her plans to raise money to bail out Britain’s battered public services.

Employers pay the tax at a rate of 13.8 per cent on income above £9,100 a year. Labour has claimed that the Budget will not hit working people, but tax experts say that certain freelancers could end up paying the bill.

Those who work for umbrella companies could lose out, said Rebecca Seeley Harris, an employment status expert and founder of ReLegal Consulting.

Umbrella companies employ contractors for temporary work, often being paid via recruitment agencies.

But workers using them may find that they are being paid a flat rate gross of all tax. This means that if employers’ national insurance rises, it will eat into their take-home pay, she said.

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By *entlemanFoxMan 3 weeks ago

North East / London

Well, it is not as if we were not told this would happen.

I have to say it is all like the 1970s again and I don’t suppose the outcome will be different this time round either.

Brain drain, IMF loan, British Rail so nice to see you again.

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By *immyinreadingMan 3 weeks ago

henley on thames


"Charities are warning they may be forced to reduce their services if Rachel Reeves goes ahead with plans to increase national insurance (NI) on employers at the Budget this week.

The Chancellor is expected to announce an increase to employer NI contributions in Wednesday’s Budget, but there have been calls for the third sector to be exempt from any extra taxes.

Although public sector organisations are set to receive additional funding to cover the extra costs, the private sector and voluntary sector are expected to have to use their own funds to meet the additional burden, with warnings that smaller charities in particular would find the change difficult.

How much NI do charities pay volunteers "

Not all charity workers are volunteers though.

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By *immyinreadingMan 3 weeks ago

henley on thames


"I expect prices to go up at most places to cover the change in taxes to businesses if / when they manifest. I expect the housing market to slow down and prices to go up / rents to go up where people hold on to property / assets in the hope the next government with reduce cgt.

It’s been rumoured an extra tax class is coming for income from assets. If that’s the case higher cost of holding them, and/or selling them. "

How would that work? Income from shares is already taxed at marginal rate, for example. Why would a new form of tax be needed?

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By *immyinreadingMan 3 weeks ago

henley on thames


"I expect prices to go up at most places to cover the change in taxes to businesses if / when they manifest. I expect the housing market to slow down and prices to go up / rents to go up where people hold on to property / assets in the hope the next government with reduce cgt. "

Yes, if cgt rates go up significantly, people will hold onto assets rather than crystallise gains, and CGT income will go down.

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By *eroy1000Man 3 weeks ago

milton keynes


"Charities are warning they may be forced to reduce their services if Rachel Reeves goes ahead with plans to increase national insurance (NI) on employers at the Budget this week.

The Chancellor is expected to announce an increase to employer NI contributions in Wednesday’s Budget, but there have been calls for the third sector to be exempt from any extra taxes.

Although public sector organisations are set to receive additional funding to cover the extra costs, the private sector and voluntary sector are expected to have to use their own funds to meet the additional burden, with warnings that smaller charities in particular would find the change difficult."

If the public sector get extra funds to cover the potential NI increase, where does that money come from. I can only think it is tax payers money but maybe it's some clever accounting.

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By *wosmilersCouple 3 weeks ago

Heathrowish

"Who is excited about the budget !?"

Tax avoidance specialists as they will be creaming it in even more so after tomorrow.

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By *eoBloomsMan 3 weeks ago

Springfield


"The truth of the matter is that we, as a nation, are living beyond our means. We are accruing massive national debt, yet have no appetite for either austerity or tax increases. The solution this time seems to be tax increases. All very well, but there is a tipping point where more taxation str@ngles and shrinks the economy in a kind of death spiral. We are perilously close to that point. "

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By *0shadesOfFilthMan 3 weeks ago

nearby

UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

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By *emma StonesTV/TS 3 weeks ago

Crewe


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided. "

I’m sure I read it on the BBC that they are doing.

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By *usybee73Man 3 weeks ago

in the sticks

Why would I get excited? I'm going to screwed as I'm working class, need a car to get to work, enjoy a pint at the weekend

With all taxes, gets passed on to the consumer, government get more via vat.

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By *0shadesOfFilthMan 3 weeks ago

nearby


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

I’m sure I read it on the BBC that they are doing."

HMRC Newcastle offices are leased from Tory billionaire donors the Reuben brothers, via bvi tax haven.

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By *ob198XaMan 3 weeks ago

teleford

Excited !! Those of us with small family farms are terrified what reeves is going to do. I have heard at least one aging farmer has tragically hung themselves today because they were so afraid changes to inheritance tax relief would see his son loosing the family farm he had invested all his life in keeping afloat. He felt he had not choice but to sacrifice his life for his families future! It’s f cking disgusting how labour have handled this issue, there may be more such cases we have yet to hear about.

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By *ob198XaMan 3 weeks ago

teleford


"I expect prices to go up at most places to cover the change in taxes to businesses if / when they manifest. I expect the housing market to slow down and prices to go up / rents to go up where people hold on to property / assets in the hope the next government with reduce cgt.

It’s been rumoured an extra tax class is coming for income from assets. If that’s the case higher cost of holding them, and/or selling them. "

For what type of assets? Shares and I’m already paying corporation tax of any profit and then taxed again on any dividend I take as an income. On any cash savings my interest is taxed, not only taxed but the asset value is further eroded by interest being below inflation. I pay Council tax to live in my home, road tax, insurance tax, fuel tax on my car, I pay capital gains tax if I sell an asset, what is left to tax?

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By *irldnCouple 3 weeks ago

Brighton


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

I’m sure I read it on the BBC that they are doing.

HMRC Newcastle offices are leased from Tory billionaire donors the Reuben brothers, via bvi tax haven. "

Yep you couldn’t make it up!

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By *irldnCouple 3 weeks ago

Brighton


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided. "

Avoided or Evaded? Former is legal. Latter is illegal.

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By *0shadesOfFilthMan 3 weeks ago

nearby


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

Avoided or Evaded? Former is legal. Latter is illegal."

Either way - Not collected by HMRC.

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By *irldnCouple 3 weeks ago

Brighton


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

Avoided or Evaded? Former is legal. Latter is illegal.

Either way - Not collected by HMRC. "

But you can’t collect legal avoidance unless you change the law.

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By *0shadesOfFilthMan 3 weeks ago

nearby


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

Avoided or Evaded? Former is legal. Latter is illegal.

Either way - Not collected by HMRC.

But you can’t collect legal avoidance unless you change the law. "

Then tge laws must be changed

The young Duke of Westminster inherited a £13bn London property estate free of inheritance tax via use of done complicated old trust HMRC couldn’t be bothered to challenge.

How many landlords have incorporated (70,000 last time I looked) residential portfolios to reduce personal 40/45% tax liabilities in favour of 25% corporation tax.

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By *irldnCouple 3 weeks ago

Brighton


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

Avoided or Evaded? Former is legal. Latter is illegal.

Either way - Not collected by HMRC.

But you can’t collect legal avoidance unless you change the law.

Then tge laws must be changed

The young Duke of Westminster inherited a £13bn London property estate free of inheritance tax via use of done complicated old trust HMRC couldn’t be bothered to challenge.

How many landlords have incorporated (70,000 last time I looked) residential portfolios to reduce personal 40/45% tax liabilities in favour of 25% corporation tax. "

But the law is the law. Complying with the law is all above board and correct. So if the law permits tax avoidance (not evasion) then nobody should complain. After all pension contributions and ISAs are a form of tax avoidance.

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By *ob198XaMan 3 weeks ago

teleford


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

Avoided or Evaded? Former is legal. Latter is illegal.

Either way - Not collected by HMRC.

But you can’t collect legal avoidance unless you change the law.

Then tge laws must be changed

The young Duke of Westminster inherited a £13bn London property estate free of inheritance tax via use of done complicated old trust HMRC couldn’t be bothered to challenge.

How many landlords have incorporated (70,000 last time I looked) residential portfolios to reduce personal 40/45% tax liabilities in favour of 25% corporation tax. "

That’s is a false calculation. One pays corporation tax on profits but these days those profits are taxed again when one draws an income (dividend) to live on. This is @ 33.75% or 39.75% Add that to the 25% already paid and incorporation doesn’t look nearly so lucrative!! Why should inheritance be taxed? Assets bought out of taxed income already. Tax the Dukes future incomes not inheritance.

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By *arakiss12TV/TS 3 weeks ago

Bedford


"Excited !! Those of us with small family farms are terrified what reeves is going to do. I have heard at least one aging farmer has tragically hung themselves today because they were so afraid changes to inheritance tax relief would see his son loosing the family farm he had invested all his life in keeping afloat. He felt he had not choice but to sacrifice his life for his families future! It’s f cking disgusting how labour have handled this issue, there may be more such cases we have yet to hear about. "

I'm shocked and not surprised by this, Labour seem to have an arrogant view about farmers, as if they are part of the furniture and are there to use and abuse.

They should abolish inheritance tax for farmers as a matter of course. It's yours to pass on to your family and should be left alone. You've have enough to worry about with climate effects, diseases and theft to deal with.

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By *entleman_spyMan 3 weeks ago

nearby


"I expect prices to go up at most places to cover the change in taxes to businesses if / when they manifest. I expect the housing market to slow down and prices to go up / rents to go up where people hold on to property / assets in the hope the next government with reduce cgt.

It’s been rumoured an extra tax class is coming for income from assets. If that’s the case higher cost of holding them, and/or selling them. "

Wealth taxes of that nature were ruled out by labour not that long ago, a few of the hard lefties are pushing for 2% on assets over 10million so that’s only going to affect a very small number. Stand by for prices to go up everywhere, fuel, shops services and property. Shit always rolls downhill.

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By *emma StonesTV/TS 3 weeks ago

Crewe


"Excited !! Those of us with small family farms are terrified what reeves is going to do. I have heard at least one aging farmer has tragically hung themselves today because they were so afraid changes to inheritance tax relief would see his son loosing the family farm he had invested all his life in keeping afloat. He felt he had not choice but to sacrifice his life for his families future! It’s f cking disgusting how labour have handled this issue, there may be more such cases we have yet to hear about.

I'm shocked and not surprised by this, Labour seem to have an arrogant view about farmers, as if they are part of the furniture and are there to use and abuse.

They should abolish inheritance tax for farmers as a matter of course. It's yours to pass on to your family and should be left alone. You've have enough to worry about with climate effects, diseases and theft to deal with. "

.

The suicide rates have been increasing for the last few years. Labour have been in power for 4 months. Let’s not pretend it’s to do with Labour. If it was to do with politics it would be more of a result of the policies of the previous government who were in power for 14 years.

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By *ob198XaMan 3 weeks ago

teleford


"Excited !! Those of us with small family farms are terrified what reeves is going to do. I have heard at least one aging farmer has tragically hung themselves today because they were so afraid changes to inheritance tax relief would see his son loosing the family farm he had invested all his life in keeping afloat. He felt he had not choice but to sacrifice his life for his families future! It’s f cking disgusting how labour have handled this issue, there may be more such cases we have yet to hear about.

I'm shocked and not surprised by this, Labour seem to have an arrogant view about farmers, as if they are part of the furniture and are there to use and abuse.

They should abolish inheritance tax for farmers as a matter of course. It's yours to pass on to your family and should be left alone. You've have enough to worry about with climate effects, diseases and theft to deal with. "

Instead they appear set to do the exactly opposite

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By *ob198XaMan 3 weeks ago

teleford


"Excited !! Those of us with small family farms are terrified what reeves is going to do. I have heard at least one aging farmer has tragically hung themselves today because they were so afraid changes to inheritance tax relief would see his son loosing the family farm he had invested all his life in keeping afloat. He felt he had not choice but to sacrifice his life for his families future! It’s f cking disgusting how labour have handled this issue, there may be more such cases we have yet to hear about.

I'm shocked and not surprised by this, Labour seem to have an arrogant view about farmers, as if they are part of the furniture and are there to use and abuse.

They should abolish inheritance tax for farmers as a matter of course. It's yours to pass on to your family and should be left alone. You've have enough to worry about with climate effects, diseases and theft to deal with. .

The suicide rates have been increasing for the last few years. Labour have been in power for 4 months. Let’s not pretend it’s to do with Labour. If it was to do with politics it would be more of a result of the policies of the previous government who were in power for 14 years."

The tragic case I raised is 100% due to this government!

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By *uffleskloofMan 3 weeks ago

Cabo Verde

Finally, it’s “Back to the 1970’s Day”, but without the music and colourful shirts, and definitely no partying.

Not a fan of the CBI but they are reporting a 4% decline in private sector activity over the past three months, with no growth at all predicted over the next three months.

So much for the “Growth Mission”!

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By *0shadesOfFilthMan 3 weeks ago

nearby


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

Avoided or Evaded? Former is legal. Latter is illegal.

Either way - Not collected by HMRC.

But you can’t collect legal avoidance unless you change the law.

Then tge laws must be changed

The young Duke of Westminster inherited a £13bn London property estate free of inheritance tax via use of done complicated old trust HMRC couldn’t be bothered to challenge.

How many landlords have incorporated (70,000 last time I looked) residential portfolios to reduce personal 40/45% tax liabilities in favour of 25% corporation tax.

That’s is a false calculation. One pays corporation tax on profits but these days those profits are taxed again when one draws an income (dividend) to live on. This is @ 33.75% or 39.75% Add that to the 25% already paid and incorporation doesn’t look nearly so lucrative!! Why should inheritance be taxed? Assets bought out of taxed income already. Tax the Dukes future incomes not inheritance."

Correct me but

Marginal 20/40/45% personal tax if owned in some name, plus mortgage interest deductions capped at 20% for hrt

Wash into ltd, tax free transfers in via Llp for first two years, no cgt or stamp duty payable

In ltd interest tax deductible at 20pc

All Equity went in as directors loan can be withdrawn tax free

Income out at marginal rates, plus dividend at rates above

No cgt paid by companies on disposal, tax charged at corporation tax rate (25%) - on the value above the transfer in price

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By *ob198XaMan 3 weeks ago

teleford


"UK tax gap in 2022 to 2023 was estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms, which means HMRC collected 95.2% of all tax due.

HMRC 20 Jun 2024

Instead of tax rises and freezing pensioners, why not collect what’s being avoided.

Avoided or Evaded? Former is legal. Latter is illegal.

Either way - Not collected by HMRC.

But you can’t collect legal avoidance unless you change the law.

Then tge laws must be changed

The young Duke of Westminster inherited a £13bn London property estate free of inheritance tax via use of done complicated old trust HMRC couldn’t be bothered to challenge.

How many landlords have incorporated (70,000 last time I looked) residential portfolios to reduce personal 40/45% tax liabilities in favour of 25% corporation tax.

That’s is a false calculation. One pays corporation tax on profits but these days those profits are taxed again when one draws an income (dividend) to live on. This is @ 33.75% or 39.75% Add that to the 25% already paid and incorporation doesn’t look nearly so lucrative!! Why should inheritance be taxed? Assets bought out of taxed income already. Tax the Dukes future incomes not inheritance.

Correct me but

Marginal 20/40/45% personal tax if owned in some name, plus mortgage interest deductions capped at 20% for hrt

Wash into ltd, tax free transfers in via Llp for first two years, no cgt or stamp duty payable

In ltd interest tax deductible at 20pc

All Equity went in as directors loan can be withdrawn tax free

Income out at marginal rates, plus dividend at rates above

No cgt paid by companies on disposal, tax charged at corporation tax rate (25%) - on the value above the transfer in price

"

An over complicated tax system! Of course equity in can be taken with out tax just like you can put £100 equity in and out of the bank without being taxed on the equity! Not all businesses operate on debt, I get no debt relief. I can’t comment on the CGT or stamp duty position, it hasn’t applied in my situation. Why would you think tax should be paid when changing from a LLP into Ltd? It’s the same business, the same owners just a change in structure

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By *onyandtrapMan 3 weeks ago

manchester

Good budget, I am happy with that

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By *exy_HornyCouple 3 weeks ago

Leigh


"Good budget, I am happy with that "

Really?

There are some big ticket items which will cost us all.

And no real reason for raising so much, other than political choices.

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By *onyandtrapMan 3 weeks ago

manchester


"Good budget, I am happy with that

Really?

There are some big ticket items which will cost us all.

And no real reason for raising so much, other than political choices."

I am pleased with it, CGT hike was smaller than expected,

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By *aribbean King 1985Man 3 weeks ago

South West London

For the most part it wasn't a good budget, just pure tax increases that I warned people about that Labour would do and some of you didn't listen. But will give them credit for freezing Fuel Duty

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By *uffleskloofMan 3 weeks ago

Cabo Verde

Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Reply privately (closed, thread got too big)

 

By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire."

Give it time, at least they haven’t crashed the markets

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By *unfarmerforyouMan 3 weeks ago

Llandeilo

Well our labour government has put the final nail in the coffin of British Agriculture..with their inheritance tax... Basically in an industry which is asset rich but income poor... The following generation are going to be struggling to pay off the tax for their entire lifetime..plus who is going to invest in farms, which means an increase in value leading to a greater tax bill... It should be of concern to everyone...as this will affect the UK's food self sustainability...

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By *uffleskloofMan 3 weeks ago

Cabo Verde


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets "

Why would giving it time help? Don’t you believe the OBR forecasts?

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By *onyandtrapMan 3 weeks ago

manchester


"Well our labour government has put the final nail in the coffin of British Agriculture..with their inheritance tax... Basically in an industry which is asset rich but income poor... The following generation are going to be struggling to pay off the tax for their entire lifetime..plus who is going to invest in farms, which means an increase in value leading to a greater tax bill... It should be of concern to everyone...as this will affect the UK's food self sustainability..."

I have let to meet a poor farmer , tbh, Brexit fucked yo farming more than this budget

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By *astandFeistyCouple 3 weeks ago

Bournemouth


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets "

Every single person reporting on this is saying there won't be much growth, if any.

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By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?"

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Reply privately (closed, thread got too big)

 

By *uffleskloofMan 3 weeks ago

Cabo Verde


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual "

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense.

Reply privately (closed, thread got too big)

 

By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense."

I never said that, any growth will be modest, the country is fucked, Brexit and the tories have ruined it, it will take years to recover

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By *aygee246Man 3 weeks ago

Lanarkshire

[Removed by poster at 30/10/24 14:39:53]

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By *uffleskloofMan 3 weeks ago

Cabo Verde


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense.

I never said that, any growth will be modest, the country is fucked, Brexit and the tories have ruined it, it will take years to recover "

How many years do you think it will be before Labour is responsible for anything that’s going on in the country?

I mean presumably Labour won’t still be blaming the Tories fifteen years from now. I’m not sure anyone will believe them. Given how their popularity has absolutely tanked already I’m not sure anyone believes them now.

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By *onyandtrapMan 3 weeks ago

manchester


"I'm pretty happy with the budget to be fair. The biggest single impact on me is the fuel duty freeze. The drop in alcohol duty for draught products is also welcome but honestly, 1p off a pint is only going to save me 4p on a night out. Only time will tell if the growth / inflation forecasts come true or not but overall Im a happy camper."

Agreed, it wasn’t perfect but it was an honest and balanced budget

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By *aygee246Man 3 weeks ago

Lanarkshire

I'm pretty happy with the budget to be fair. The biggest single impact on me is the fuel duty freeze. The drop in alcohol duty for draught products is also welcome but honestly, 1p off a pint is only going to save me 4p on a night out. Only time will tell if the growth / inflation forecasts come true or not.

I thought she was very impressive in her delivery and overall Im a happy camper.

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By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense.

I never said that, any growth will be modest, the country is fucked, Brexit and the tories have ruined it, it will take years to recover

How many years do you think it will be before Labour is responsible for anything that’s going on in the country?

I mean presumably Labour won’t still be blaming the Tories fifteen years from now. I’m not sure anyone will believe them. Given how their popularity has absolutely tanked already I’m not sure anyone believes them now."

The tories blamed labour for 14 years, but I think they can probably blame them for at least 3 years

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By *uffleskloofMan 3 weeks ago

Cabo Verde


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense.

I never said that, any growth will be modest, the country is fucked, Brexit and the tories have ruined it, it will take years to recover

How many years do you think it will be before Labour is responsible for anything that’s going on in the country?

I mean presumably Labour won’t still be blaming the Tories fifteen years from now. I’m not sure anyone will believe them. Given how their popularity has absolutely tanked already I’m not sure anyone believes them now.

The tories blamed labour for 14 years, but I think they can probably blame them for at least 3 years "

Why do you think Starmer is so unpopular?

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By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense.

I never said that, any growth will be modest, the country is fucked, Brexit and the tories have ruined it, it will take years to recover

How many years do you think it will be before Labour is responsible for anything that’s going on in the country?

I mean presumably Labour won’t still be blaming the Tories fifteen years from now. I’m not sure anyone will believe them. Given how their popularity has absolutely tanked already I’m not sure anyone believes them now.

The tories blamed labour for 14 years, but I think they can probably blame them for at least 3 years

Why do you think Starmer is so unpopular?"

At this point, it’s irrelevant, he has to make tough decisions because of the mess he has inherited , if he fails he will be voted out in 5 years, plenty of time

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By *uffleskloofMan 3 weeks ago

Cabo Verde


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense.

I never said that, any growth will be modest, the country is fucked, Brexit and the tories have ruined it, it will take years to recover

How many years do you think it will be before Labour is responsible for anything that’s going on in the country?

I mean presumably Labour won’t still be blaming the Tories fifteen years from now. I’m not sure anyone will believe them. Given how their popularity has absolutely tanked already I’m not sure anyone believes them now.

The tories blamed labour for 14 years, but I think they can probably blame them for at least 3 years

Why do you think Starmer is so unpopular?

At this point, it’s irrelevant, he has to make tough decisions because of the mess he has inherited , if he fails he will be voted out in 5 years, plenty of time "

I’m extremely doubtful that Starmer will make it through to the next election.

Frankly the entirety of the Labour front bench looks totally miserable.

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By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

Why would giving it time help? Don’t you believe the OBR forecasts?

They are never 100% accurate, the country is a shit state, any improvement will be gradual

Okay, so I ignore the Government and OBR forecasts and rely on blind faith instead.

Makes total sense.

I never said that, any growth will be modest, the country is fucked, Brexit and the tories have ruined it, it will take years to recover

How many years do you think it will be before Labour is responsible for anything that’s going on in the country?

I mean presumably Labour won’t still be blaming the Tories fifteen years from now. I’m not sure anyone will believe them. Given how their popularity has absolutely tanked already I’m not sure anyone believes them now.

The tories blamed labour for 14 years, but I think they can probably blame them for at least 3 years

Why do you think Starmer is so unpopular?

At this point, it’s irrelevant, he has to make tough decisions because of the mess he has inherited , if he fails he will be voted out in 5 years, plenty of time

I’m extremely doubtful that Starmer will make it through to the next election.

Frankly the entirety of the Labour front bench looks totally miserable."

I would be miserable dealing with the state of this county, he might not make it, but labour are guaranteed 5 years in government

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By *lfasoCouple 3 weeks ago

South East


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets "

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

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By *astandFeistyCouple 3 weeks ago

Bournemouth


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'."

They broke the Truss record a few days back. No word in the media.

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By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'."

I doubt the average working person cares, btw., whatever happened to Liz Truss

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By *irldnCouple 3 weeks ago

Brighton

Gilts, for some context…

“United Kingdom 10Y Bond Yield was 4.38 percent on Wednesday October 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Gilt Bond Yield reached an all time high of 16.09 in November of 1981.”

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By *aribbean King 1985Man 3 weeks ago

South West London

I hope there's some vote of no confidence with the Labour Government within the next year or so

Reply privately (closed, thread got too big)

 

By *irldnCouple 3 weeks ago

Brighton


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

They broke the Truss record a few days back. No word in the media. "

Honest question/points as I don’t know as not an economist but...

Not all debt is bad right? The issue with Truss/Kwartang was unfunded commitments and tax cuts (a wing and a prayer). Starmer/Reeves appear to have a plan for how to fund commitments (regardless of whether we like the plan). The markets like certainty and planning not chaos. Truss was chaos.

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By *irldnCouple 3 weeks ago

Brighton


"I hope there's some vote of no confidence with the Labour Government within the next year or so "

I heard they speak highly of you

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By *astandFeistyCouple 3 weeks ago

Bournemouth


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

They broke the Truss record a few days back. No word in the media.

Honest question/points as I don’t know as not an economist but...

Not all debt is bad right? The issue with Truss/Kwartang was unfunded commitments and tax cuts (a wing and a prayer). Starmer/Reeves appear to have a plan for how to fund commitments (regardless of whether we like the plan). The markets like certainty and planning not chaos. Truss was chaos."

What's the question?

I'm no economist either.

Reply privately (closed, thread got too big)

 

By *uffleskloofMan 3 weeks ago

Cabo Verde


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

I doubt the average working person cares, btw., whatever happened to Liz Truss "

The more the government spends on funding debt, the less it can spend on actual services, so the more it has to borrow and tax to keep the Ponzi scheme going, and on it goes.

The OBR says interest rates are going to stay 0.25% higher due to this budget, so “working people” will end up paying more on their mortgages. On top of paying more tax, lower salaries due to NI increases etc etc.

But I agree, many people in the country have little understanding or finance and economics. It should be taught far more.

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By *astandFeistyCouple 3 weeks ago

Bournemouth


"Gilts, for some context…

“United Kingdom 10Y Bond Yield was 4.38 percent on Wednesday October 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Gilt Bond Yield reached an all time high of 16.09 in November of 1981.”"

Why are we comparing it to 1981?

The left were apoplectic with GILT yields after Truss/Kwarteng budget. Now they're quiet.

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By *irldnCouple 3 weeks ago

Brighton

[Removed by poster at 30/10/24 15:26:36]

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By *onyandtrapMan 3 weeks ago

manchester


"I hope there's some vote of no confidence with the Labour Government within the next year or so "

Hilarious, they have a huge majority, absolutely no chance

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By *irldnCouple 3 weeks ago

Brighton


"Gilts, for some context…

“United Kingdom 10Y Bond Yield was 4.38 percent on Wednesday October 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Gilt Bond Yield reached an all time high of 16.09 in November of 1981.”

Why are we comparing it to 1981?

The left were apoplectic with GILT yields after Truss/Kwarteng budget. Now they're quiet. "

Context being you’d have thought the world had ended when gilts went over 4% yet under Thatcher they went over 16%.

Reply privately (closed, thread got too big)

 

By *irldnCouple 3 weeks ago

Brighton


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

They broke the Truss record a few days back. No word in the media.

Honest question/points as I don’t know as not an economist but...

Not all debt is bad right? The issue with Truss/Kwartang was unfunded commitments and tax cuts (a wing and a prayer). Starmer/Reeves appear to have a plan for how to fund commitments (regardless of whether we like the plan). The markets like certainty and planning not chaos. Truss was chaos.

What's the question?

I'm no economist either.

"

Not all debt is bad right?

In other words if the rest of what I went on to say was correct then there is a legitimate difference between reactions to Truss/Kwartang budget and this one.

Reply privately (closed, thread got too big)

 

By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

I doubt the average working person cares, btw., whatever happened to Liz Truss

The more the government spends on funding debt, the less it can spend on actual services, so the more it has to borrow and tax to keep the Ponzi scheme going, and on it goes.

The OBR says interest rates are going to stay 0.25% higher due to this budget, so “working people” will end up paying more on their mortgages. On top of paying more tax, lower salaries due to NI increases etc etc.

But I agree, many people in the country have little understanding or finance and economics. It should be taught far more.

"

Unfortunately, because of the last 14 years (where debt doubled) the only way to increase growth and protect public services is with more debt or higher taxes

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By *astandFeistyCouple 3 weeks ago

Bournemouth


"Gilts, for some context…

“United Kingdom 10Y Bond Yield was 4.38 percent on Wednesday October 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Gilt Bond Yield reached an all time high of 16.09 in November of 1981.”

Why are we comparing it to 1981?

The left were apoplectic with GILT yields after Truss/Kwarteng budget. Now they're quiet.

Context being you’d have thought the world had ended when gilts went over 4% yet under Thatcher they went over 16%."

According to the lefties, and your good self, the world did end when they went over 4% after the Truss/Kwarteng budget.

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By *lfasoCouple 3 weeks ago

South East

from the Guardian:

UK bond yields now rising – borrowing costs now at post-election high

Back in the bond market, UK borrowing costs are now rising as City investors digest the budget … and the Office for Budget Responsibility’s verdict.

The gilt market rally before, and during, the speech has now unravelled.

This means that the yield (or interest rate) on 10-year UK gilts is now up 10 basis points at 4.4%

Reply privately (closed, thread got too big)

 

By *astandFeistyCouple 3 weeks ago

Bournemouth


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

They broke the Truss record a few days back. No word in the media.

Honest question/points as I don’t know as not an economist but...

Not all debt is bad right? The issue with Truss/Kwartang was unfunded commitments and tax cuts (a wing and a prayer). Starmer/Reeves appear to have a plan for how to fund commitments (regardless of whether we like the plan). The markets like certainty and planning not chaos. Truss was chaos.

What's the question?

I'm no economist either.

Not all debt is bad right?

In other words if the rest of what I went on to say was correct then there is a legitimate difference between reactions to Truss/Kwartang budget and this one."

Is there good debt?

Reply privately (closed, thread got too big)

 

By *onyandtrapMan 3 weeks ago

manchester


"Gilts, for some context…

“United Kingdom 10Y Bond Yield was 4.38 percent on Wednesday October 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Gilt Bond Yield reached an all time high of 16.09 in November of 1981.”

Why are we comparing it to 1981?

The left were apoplectic with GILT yields after Truss/Kwarteng budget. Now they're quiet.

Context being you’d have thought the world had ended when gilts went over 4% yet under Thatcher they went over 16%.

According to the lefties, and your good self, the world did end when they went over 4% after the Truss/Kwarteng budget. "

Whatever happened to liz Truss

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By *uffleskloofMan 3 weeks ago

Cabo Verde


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

I doubt the average working person cares, btw., whatever happened to Liz Truss

The more the government spends on funding debt, the less it can spend on actual services, so the more it has to borrow and tax to keep the Ponzi scheme going, and on it goes.

The OBR says interest rates are going to stay 0.25% higher due to this budget, so “working people” will end up paying more on their mortgages. On top of paying more tax, lower salaries due to NI increases etc etc.

But I agree, many people in the country have little understanding or finance and economics. It should be taught far more.

Unfortunately, because of the last 14 years (where debt doubled) the only way to increase growth and protect public services is with more debt or higher taxes "

But the policies aren’t increasing growth. Growth forecasts have been downgraded.

I mean if Labour said “we don’t think economic growth is important we are just going to sacrifice it and raise taxes to pay more to the public sector” then fine. If that’s what they said and people voted for it, no problem.

But that isn’t what they said.

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By *onyandtrapMan 3 weeks ago

manchester


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

I doubt the average working person cares, btw., whatever happened to Liz Truss

The more the government spends on funding debt, the less it can spend on actual services, so the more it has to borrow and tax to keep the Ponzi scheme going, and on it goes.

The OBR says interest rates are going to stay 0.25% higher due to this budget, so “working people” will end up paying more on their mortgages. On top of paying more tax, lower salaries due to NI increases etc etc.

But I agree, many people in the country have little understanding or finance and economics. It should be taught far more.

Unfortunately, because of the last 14 years (where debt doubled) the only way to increase growth and protect public services is with more debt or higher taxes

But the policies aren’t increasing growth. Growth forecasts have been downgraded.

I mean if Labour said “we don’t think economic growth is important we are just going to sacrifice it and raise taxes to pay more to the public sector” then fine. If that’s what they said and people voted for it, no problem.

But that isn’t what they said. "

It will create growth but it will be slow, they are starting at rock bottom, any growth is a positive

Reply privately (closed, thread got too big)

 

By *astandFeistyCouple 3 weeks ago

Bournemouth


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

I doubt the average working person cares, btw., whatever happened to Liz Truss

The more the government spends on funding debt, the less it can spend on actual services, so the more it has to borrow and tax to keep the Ponzi scheme going, and on it goes.

The OBR says interest rates are going to stay 0.25% higher due to this budget, so “working people” will end up paying more on their mortgages. On top of paying more tax, lower salaries due to NI increases etc etc.

But I agree, many people in the country have little understanding or finance and economics. It should be taught far more.

Unfortunately, because of the last 14 years (where debt doubled) the only way to increase growth and protect public services is with more debt or higher taxes

But the policies aren’t increasing growth. Growth forecasts have been downgraded.

I mean if Labour said “we don’t think economic growth is important we are just going to sacrifice it and raise taxes to pay more to the public sector” then fine. If that’s what they said and people voted for it, no problem.

But that isn’t what they said.

It will create growth but it will be slow, they are starting at rock bottom, any growth is a positive "

Are you sure any growth is positive?

If that's true, then why all the doom and gloom? As far as I'm aware, we've had growth over the last 15 years.

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By *arakiss12TV/TS 3 weeks ago

Bedford

Looks like 1978/79 to me.

Another winter of discontent.

At least the politicians get a nice pay rise.

Starmer gone by next October.

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By *onyandtrapMan 3 weeks ago

manchester


"Looks like 1978/79 to me.

Another winter of discontent.

At least the politicians get a nice pay rise.

Starmer gone by next October."

Haha, nice one

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By *regoniansCouple 3 weeks ago

Oundle

I am amazed no-one has really challenged the oft quoted £63 billion of promised investments following the so called "investment summit". The only place I have found anything like a breakdown is in The Guardian. By my tally £8 billion in new datacentres, but only one is firm, Google's £1.3billion centre in Hertfordshire. £3 billion expanding Stansted airport and Tilbury docks. £21.7 billion (and that spread over 25 years!) in carbon capture of which £13.7 billion is government borrowings with the other £8 billion only "expected" not committed by the private sector. Next up £24 billion in clean energy commitment over 5 years from Iberdrola, of which £12billion had already been flagged in February. Lastly, £27.8 billion from the new National Wealth Fund is actually £7.3 of government borrowing with a 3 for 1 "expected" top up from the private sector, with the whole thing run by, wait for it, the UK Infrastructure Bank whose only claim to fame appears to have been rumning the covid business loan schemes. All this from The Guardian 14th October

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By *eroy1000Man 3 weeks ago

milton keynes


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

I doubt the average working person cares, btw., whatever happened to Liz Truss

The more the government spends on funding debt, the less it can spend on actual services, so the more it has to borrow and tax to keep the Ponzi scheme going, and on it goes.

The OBR says interest rates are going to stay 0.25% higher due to this budget, so “working people” will end up paying more on their mortgages. On top of paying more tax, lower salaries due to NI increases etc etc.

But I agree, many people in the country have little understanding or finance and economics. It should be taught far more.

Unfortunately, because of the last 14 years (where debt doubled) the only way to increase growth and protect public services is with more debt or higher taxes

But the policies aren’t increasing growth. Growth forecasts have been downgraded.

I mean if Labour said “we don’t think economic growth is important we are just going to sacrifice it and raise taxes to pay more to the public sector” then fine. If that’s what they said and people voted for it, no problem.

But that isn’t what they said. "

I can see why in the next year or 2 the economy will grow and grow slightly faster than predicted in March but the government want long term growth and now the growth predictions for longer than the next couple of years is actually worse than predicted in March. It does seem opposite to what they claimed. Maybe the £40 billion in tax rises just announced are not helping. SKS apparently has hinted at even more taxes in the not to distant future. We can only hope that the forecasts are wrong and the government know best

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By *eoBloomsMan 3 weeks ago

Springfield

Growth ? Labour couldn't grow a hard on at an orgy.

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By *irldnCouple 3 weeks ago

Brighton


"Gilts, for some context…

“United Kingdom 10Y Bond Yield was 4.38 percent on Wednesday October 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Gilt Bond Yield reached an all time high of 16.09 in November of 1981.”

Why are we comparing it to 1981?

The left were apoplectic with GILT yields after Truss/Kwarteng budget. Now they're quiet.

Context being you’d have thought the world had ended when gilts went over 4% yet under Thatcher they went over 16%.

According to the lefties, and your good self, the world did end when they went over 4% after the Truss/Kwarteng budget. "

I’d like you to show me where I said or implied the world had ended. I was, and remain, very critical of Truss. She was useless. A fantasist. Her actions did tank the economy and cost us all money. I was hardly Chicken Little!

Let’s see the fallout of Reeves’ budget now. If it tanks the economy I’ll slag her off too

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By *uffleskloofMan 3 weeks ago

Cabo Verde

According to the Telegraph the budget will cost the average family of four £2432 per year.

I’m sure Labour has nothing to worry about, if this was in the manifesto and a wide spectrum of the public voted for it.

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By *irldnCouple 3 weeks ago

Brighton


"According to the Telegraph the budget will cost the average family of four £2432 per year.

I’m sure Labour has nothing to worry about, if this was in the manifesto and a wide spectrum of the public voted for it."

Do they provide a breakdown?

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By *eoBloomsMan 3 weeks ago

Springfield


"According to the Telegraph the budget will cost the average family of four £2432 per year.

I’m sure Labour has nothing to worry about, if this was in the manifesto and a wide spectrum of the public voted for it.

Do they provide a breakdown?"

A breakdown is guaranteed with a Labour budget.

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By *otMe66Man 3 weeks ago

Terra Firma


"Taxes up

Borrowing up

Growth forecasts down.

Labour’s position was that lots of tax, borrow, and spend would increase growth, but it appears to be having the opposite effect.

For a government that told everyone that economic growth was its main priority the growth forecasts look dire.

Give it time, at least they haven’t crashed the markets

10 year Gilts are trading at over 4.4% this afternoon. That's higher than when Liz Truss 'crashed the economy'.

I doubt the average working person cares, btw., whatever happened to Liz Truss

The more the government spends on funding debt, the less it can spend on actual services, so the more it has to borrow and tax to keep the Ponzi scheme going, and on it goes.

The OBR says interest rates are going to stay 0.25% higher due to this budget, so “working people” will end up paying more on their mortgages. On top of paying more tax, lower salaries due to NI increases etc etc.

But I agree, many people in the country have little understanding or finance and economics. It should be taught far more.

Unfortunately, because of the last 14 years (where debt doubled) the only way to increase growth and protect public services is with more debt or higher taxes

But the policies aren’t increasing growth. Growth forecasts have been downgraded.

I mean if Labour said “we don’t think economic growth is important we are just going to sacrifice it and raise taxes to pay more to the public sector” then fine. If that’s what they said and people voted for it, no problem.

But that isn’t what they said. "

Exactly.... There is a lot of misunderstanding of this budget, and the gamble this government has taken.

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By *ob198XaMan 3 weeks ago

teleford


"Well our labour government has put the final nail in the coffin of British Agriculture..with their inheritance tax... Basically in an industry which is asset rich but income poor... The following generation are going to be struggling to pay off the tax for their entire lifetime..plus who is going to invest in farms, which means an increase in value leading to a greater tax bill... It should be of concern to everyone...as this will affect the UK's food self sustainability...

I have let to meet a poor farmer , tbh, Brexit fucked yo farming more than this budget "

You have literally no idea what the fk you are talking about. This budget has already cost at least one farmers life who hung himself to protect his offspring, he won’t be the last. There will be aging farmers next March looking at the calendar knowing that just be staying alive another week they put their offspring into 200k, 500k, 1 million in debt just to be able to retain the modest family farm, a farm that provides a very modest income even when not saddled with debt. Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

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By *ob198XaMan 3 weeks ago

teleford


"I'm pretty happy with the budget to be fair. The biggest single impact on me is the fuel duty freeze. The drop in alcohol duty for draught products is also welcome but honestly, 1p off a pint is only going to save me 4p on a night out. Only time will tell if the growth / inflation forecasts come true or not.

I thought she was very impressive in her delivery and overall Im a happy camper."

Penny off a pint is a gimmick, a fking joke, it’s a fking insult

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By *emma StonesTV/TS 3 weeks ago

Crewe


"Well our labour government has put the final nail in the coffin of British Agriculture..with their inheritance tax... Basically in an industry which is asset rich but income poor... The following generation are going to be struggling to pay off the tax for their entire lifetime..plus who is going to invest in farms, which means an increase in value leading to a greater tax bill... It should be of concern to everyone...as this will affect the UK's food self sustainability...

I have let to meet a poor farmer , tbh, Brexit fucked yo farming more than this budget

You have literally no idea what the fk you are talking about. This budget has already cost at least one farmers life who hung himself to protect his offspring, he won’t be the last. There will be aging farmers next March looking at the calendar knowing that just be staying alive another week they put their offspring into 200k, 500k, 1 million in debt just to be able to retain the modest family farm, a farm that provides a very modest income even when not saddled with debt. Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful "

If they are family farms don’t they just pass it over to their children to run before they pass. It’s the same as parents handing over their savings to their children at least 7 years before they die.

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By *resesse_MelioremCouple 3 weeks ago

Border of London


"I'm pretty happy with the budget to be fair. The biggest single impact on me is the fuel duty freeze. The drop in alcohol duty for draught products is also welcome but honestly, 1p off a pint is only going to save me 4p on a night out. Only time will tell if the growth / inflation forecasts come true or not.

I thought she was very impressive in her delivery and overall Im a happy camper.

Penny off a pint is a gimmick, a fking joke, it’s a fking insult "

...but it got more cheers then anything else.

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By *resesse_MelioremCouple 3 weeks ago

Border of London


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful "

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

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By *ovebjsMan 3 weeks ago

Bristol


"I'm pretty happy with the budget to be fair. The biggest single impact on me is the fuel duty freeze. The drop in alcohol duty for draught products is also welcome but honestly, 1p off a pint is only going to save me 4p on a night out. Only time will tell if the growth / inflation forecasts come true or not.

I thought she was very impressive in her delivery and overall Im a happy camper.

Penny off a pint is a gimmick, a fking joke, it’s a fking insult "

Yup the latest Labour special offer buy 500 get one free 🤣🤣🤣

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By *otMe66Man 3 weeks ago

Terra Firma

It’s not 1p off a pint for the consumer, it is 1.7% off the draught duty that manufacturers pay, around 1p.

Do you think they will pass on the 1p per pint saving when they are shouldering the burden of the chancellor’s tax rises?

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By *irldnCouple 3 weeks ago

Brighton


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

"

First step towards creating farm communes?

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By *enSiskoMan 3 weeks ago

Cestus 3


"Growth ? Labour couldn't grow a hard on at an orgy. "

They say they will be growth, but on news night they state that growth willl be little and will fall from 2029.

Also less jobs for working people.

The 1B was known before labour got in, the OBR warned them, as I read the article.

And add 9b in wage rises, and then it is 20b.

Before the election I said if labour blame the tories then I would not be surprised, they won, they blamed the tories, no surprise there then.

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By *enSiskoMan 3 weeks ago

Cestus 3

*11 billion

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By *resesse_MelioremCouple 3 weeks ago

Border of London


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

First step towards creating farm communes?"

Or just purge the entire countryside and focus on growing wheat and cotton in mega farms, with a happy monoculture product. What could go wrong?

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By *uffleskloofMan 3 weeks ago

Cabo Verde


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

First step towards creating farm communes?

Or just purge the entire countryside and focus on growing wheat and cotton in mega farms, with a happy monoculture product. What could go wrong?"

I’m sure if farmers are forced to sell up to pay taxes there will be no shortage of big corporations ready to step in and buy the land at a discount. Got to find somewhere to put all those wind and solar farms and new houses!

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By *onyandtrapMan 3 weeks ago

manchester


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

First step towards creating farm communes?

Or just purge the entire countryside and focus on growing wheat and cotton in mega farms, with a happy monoculture product. What could go wrong?

I’m sure if farmers are forced to sell up to pay taxes there will be no shortage of big corporations ready to step in and buy the land at a discount. Got to find somewhere to put all those wind and solar farms and new houses!"

Good idea,

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By *emma StonesTV/TS 3 weeks ago

Crewe


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

First step towards creating farm communes?

Or just purge the entire countryside and focus on growing wheat and cotton in mega farms, with a happy monoculture product. What could go wrong?

I’m sure if farmers are forced to sell up to pay taxes there will be no shortage of big corporations ready to step in and buy the land at a discount. Got to find somewhere to put all those wind and solar farms and new houses!"

Or they could sign the farm over to their children and there would be no IHT.

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By *ob198XaMan 3 weeks ago

teleford


"Well our labour government has put the final nail in the coffin of British Agriculture..with their inheritance tax... Basically in an industry which is asset rich but income poor... The following generation are going to be struggling to pay off the tax for their entire lifetime..plus who is going to invest in farms, which means an increase in value leading to a greater tax bill... It should be of concern to everyone...as this will affect the UK's food self sustainability...

I have let to meet a poor farmer , tbh, Brexit fucked yo farming more than this budget

You have literally no idea what the fk you are talking about. This budget has already cost at least one farmers life who hung himself to protect his offspring, he won’t be the last. There will be aging farmers next March looking at the calendar knowing that just be staying alive another week they put their offspring into 200k, 500k, 1 million in debt just to be able to retain the modest family farm, a farm that provides a very modest income even when not saddled with debt. Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

If they are family farms don’t they just pass it over to their children to run before they pass. It’s the same as parents handing over their savings to their children at least 7 years before they die."

That is possible but who knows what date they will die? many farmers invested in the farm rather than pensions, they need an ongoing share in the farm to provide an income up until death. Gift it early and watch 50% walk away given one in two marriages fail…. Gift it early and what happens when receiving son/daughter dies unexpectedly, can’t plan 7 years ahead of that. Taxation becomes as much a lottery as life. Right now a lot of land holding older farmers do not have 7 years left in them. Present land value has zero relation to its income potential… The terrifying situation is this, many older farmers become a million pound liability overnight if they are still alive April 2026… Reeves has just massively incentivised suicide for older farmers who may already be struggling, it’s disgusting.

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By *ob198XaMan 3 weeks ago

teleford


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

First step towards creating farm communes?

Or just purge the entire countryside and focus on growing wheat and cotton in mega farms, with a happy monoculture product. What could go wrong?

I’m sure if farmers are forced to sell up to pay taxes there will be no shortage of big corporations ready to step in and buy the land at a discount. Got to find somewhere to put all those wind and solar farms and new houses!

Or they could sign the farm over to their children and there would be no IHT."

Yes it’s that easy…. If you know you have 7 years and have sufficient other assets to fund your retirement and any care needs.

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By *ob198XaMan 3 weeks ago

teleford


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

First step towards creating farm communes?

Or just purge the entire countryside and focus on growing wheat and cotton in mega farms, with a happy monoculture product. What could go wrong?

I’m sure if farmers are forced to sell up to pay taxes there will be no shortage of big corporations ready to step in and buy the land at a discount. Got to find somewhere to put all those wind and solar farms and new houses!"

I didn’t believe there was a “plan” but it now sure looks like that is the plan!

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By *emma StonesTV/TS 3 weeks ago

Crewe


"Not just farms too, all sorts of small businesses will be destroyed by this change. Worst of all, it raises very little tax, it’s just spiteful

Family business/farm = generational wealth = need to break the cycle.

Labour logic.

First step towards creating farm communes?

Or just purge the entire countryside and focus on growing wheat and cotton in mega farms, with a happy monoculture product. What could go wrong?

I’m sure if farmers are forced to sell up to pay taxes there will be no shortage of big corporations ready to step in and buy the land at a discount. Got to find somewhere to put all those wind and solar farms and new houses!

Or they could sign the farm over to their children and there would be no IHT.

Yes it’s that easy…. If you know you have 7 years and have sufficient other assets to fund your retirement and any care needs."

Nothing needs to change. Of course if you thought your children would abandon you then I could see why you’d be worried.

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By *aribbean King 1985Man 3 weeks ago

South West London

One of the worst budgets in history

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By *onyandtrapMan 3 weeks ago

manchester


"One of the worst budgets in history "

It was great, just what the country needed, and didn’t crash the markets .

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By *ovebjsMan 3 weeks ago

Bristol


"One of the worst budgets in history

It was great, just what the country needed, and didn’t crash the markets . "

Yet!

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By *onyandtrapMan 3 weeks ago

manchester


"One of the worst budgets in history

It was great, just what the country needed, and didn’t crash the markets .

Yet!"

Get back to me when / if it does

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By *ortyairCouple 3 weeks ago

Wallasey


"One of the worst budgets in history "
Yeah apart from the Truss budgets, Osborne austerity budgets and the budgets that raised taxes to their highest levels ever under the last bunch. But apart from that it's the worst ever haha.

Mrs x

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By *ovebjsMan 3 weeks ago

Bristol


"One of the worst budgets in history

It was great, just what the country needed, and didn’t crash the markets .

Yet!

Get back to me when / if it does "

You have been watching the markets haven’t you ?

And they still cannot define the fictional black hole they claimed 🤣

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By *onyandtrapMan 3 weeks ago

manchester


"One of the worst budgets in history

It was great, just what the country needed, and didn’t crash the markets .

Yet!

Get back to me when / if it does

You have been watching the markets haven’t you ?

And they still cannot define the fictional black hole they claimed 🤣"

Get back to me when Reeves is sacked by Starmer and then Starmer is forced to resign by labour fir being incompetent

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By *emma StonesTV/TS 3 weeks ago

Crewe

With regards to Farms I suggest reading the piece by tax expert Dan Neildle. He has looked into it and said only 500 farms in the UK could be affected by the change in agricultural inheritance tax relief.

He based this on the fact that only 500 claimed agricultural property relief of over 1 million. If its a married couple they can claim twice that so it could be worth 2.65 million before the tax is due, so it could be as low as 100 farms liable.

Those over the limit will only pay 20% on the amount over the limit.

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By *ortyairCouple 3 weeks ago

Wallasey


"One of the worst budgets in history

It was great, just what the country needed, and didn’t crash the markets .

Yet!

Get back to me when / if it does

You have been watching the markets haven’t you ?

And they still cannot define the fictional black hole they claimed 🤣"

The markets are slightly up after the budget, aren't they?

Considering the shit state our finances were left by the Tories surely that's a positive isn't it?

Mrs x

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By *emma StonesTV/TS 3 weeks ago

Crewe


"One of the worst budgets in history

It was great, just what the country needed, and didn’t crash the markets .

Yet!

Get back to me when / if it does

You have been watching the markets haven’t you ?

And they still cannot define the fictional black hole they claimed 🤣The markets are slightly up after the budget, aren't they?

Considering the shit state our finances were left by the Tories surely that's a positive isn't it?

Mrs x"

The pound is down against the dollar by 0.8%. It fell by 8% after the Truss mini budget to a all time low. Government borrowing is up at just under 0.25%.

Apparently the markets are concerned that interest rates wont go below 4% until 2026. I remember when 4% was normal.

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By *rHotNotts OP   Man 3 weeks ago

Dubai & Nottingham


"One of the worst budgets in history

It was great, just what the country needed, and didn’t crash the markets .

Yet!

Get back to me when / if it does

You have been watching the markets haven’t you ?

And they still cannot define the fictional black hole they claimed 🤣The markets are slightly up after the budget, aren't they?

Considering the shit state our finances were left by the Tories surely that's a positive isn't it?

Mrs x

The pound is down against the dollar by 0.8%. It fell by 8% after the Truss mini budget to a all time low. Government borrowing is up at just under 0.25%.

Apparently the markets are concerned that interest rates wont go below 4% until 2026. I remember when 4% was normal."

Let’s hope they are right !

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By *uffleskloofMan 3 weeks ago

Cabo Verde

Interesting that the OBR think that house prices are going to keep rising.

Alongside mortgage interest rates staying higher.

Especially given Labour’s commitment to deliver an extra 1.5 million homes, which one would think would have a significant dampening effect on prices.

Okay for home owners but doesn’t look like things are going to get any easier for those struggling to get on the property ladder.

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By *akedfunukCouple 3 weeks ago

St Albans

Not quite true, 34% of people who voted actually voted for labour. 66% voted for parties other than labour. It is true however that as we don’t use proportional representation, labour won most seats.

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By *mateur100Man 3 weeks ago

nr faversham


"Not quite true, 34% of people who voted actually voted for labour. 66% voted for parties other than labour. It is true however that as we don’t use proportional representation, labour won most seats."

And Labour got 40% of the vote under Corbyn with 262 seats! People claiming the electorate flocked to Labour are fools. The electorate abandoned the Tories. It's that simple

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By *akedfunukCouple 3 weeks ago

St Albans

They did abandon the Tories but as your figure states , Corbyn got 40%, which is more than Starmer. Abandoned the Tories yes but didn’t all vote Labour.

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By *onyandtrapMan 3 weeks ago

manchester


"Not quite true, 34% of people who voted actually voted for labour. 66% voted for parties other than labour. It is true however that as we don’t use proportional representation, labour won most seats.

And Labour got 40% of the vote under Corbyn with 262 seats! People claiming the electorate flocked to Labour are fools. The electorate abandoned the Tories. It's that simple "

Irrelevant, labour won 411 seats, that is all that matters

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By *akedfunukCouple 3 weeks ago

St Albans

Thank you for your pearl of wisdom, you are obviously the authority on this

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By *uffleskloofMan 3 weeks ago

Cabo Verde

As a percentage of the electorate as a whole who were entitled to vote, Labour actually got just under 20% of the vote.

Probably explains why their “popularity” has collapsed so quickly, as they weren’t very popular at the start.

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By *onyandtrapMan 3 weeks ago

manchester


"As a percentage of the electorate as a whole who were entitled to vote, Labour actually got just under 20% of the vote.

Probably explains why their “popularity” has collapsed so quickly, as they weren’t very popular at the start."

Irrelevant, they won 411 seats, that is how our democracy works , did you vote for reform?

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By *onyandtrapMan 3 weeks ago

manchester


"Thank you for your pearl of wisdom, you are obviously the authority on this"

Thanks

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By *eoBloomsMan 3 weeks ago

Springfield

Britain's death spiral given steroids by Grandmaster Reeves.

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By *immyinreadingMan 3 weeks ago

henley on thames


"As a percentage of the electorate as a whole who were entitled to vote, Labour actually got just under 20% of the vote.

Probably explains why their “popularity” has collapsed so quickly, as they weren’t very popular at the start."

True. There was no surge in labour votes, their vote share increased by 1.6 per cent from what was seen as a disastrous effort from Corbyn. All that horned was that the tories lost votes to reform.

So agreed, they weren’t very popular, but ended up with a huge majority.

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By *onyandtrapMan 3 weeks ago

manchester


"Britain's death spiral given steroids by Grandmaster Reeves. "

It started in 2016, got worse in 2020, and hit rock bottom in 2024, it will take years to recover from the mess created by Brexit and the tories

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By *immyinreadingMan 3 weeks ago

henley on thames


"They did abandon the Tories but as your figure states , Corbyn got 40%, which is more than Starmer. Abandoned the Tories yes but didn’t all vote Labour."

Corbyn got 40 per cent in 2017, but that dropped to 32.1 per cent in 2019.

. Starmer got 33.7, a small increase.

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By *emma StonesTV/TS 3 weeks ago

Crewe


"As a percentage of the electorate as a whole who were entitled to vote, Labour actually got just under 20% of the vote.

Probably explains why their “popularity” has collapsed so quickly, as they weren’t very popular at the start.

True. There was no surge in labour votes, their vote share increased by 1.6 per cent from what was seen as a disastrous effort from Corbyn. All that horned was that the tories lost votes to reform.

So agreed, they weren’t very popular, but ended up with a huge majority. "

Tactical voting makes comparisons with the Corbyn times difficult. How many of the Lib Dems were put into the house by traditional Labour voters. However percentages are an irrelevance in our system and neither of the two main parties are going to change it.

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By *rauntonbananaMan 3 weeks ago

Braunton

[Removed by poster at 01/11/24 17:29:19]

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By *otMe66Man 3 weeks ago

Terra Firma

I’ve been following the budget threads closely, and what’s striking is the constant reference to the Truss mini budget, markets, and a comment on a Gilts post where someone stated working people don’t care about Gilts.

I feel a high percentage of people don’t fully understand this budget, it has been clouded by talk of changing fiscal rules, repetitive mentions of economic “black holes”, policies that attack wealth, and endless promises of growth.

The result is more than enough confusion to hide the potential economic impact of the government’s budget and policies, that are not entirely compatible with growth

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By *rauntonbananaMan 3 weeks ago

Braunton

[Removed by poster at 01/11/24 17:26:37]

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By *rauntonbananaMan 3 weeks ago

Braunton

Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are have shed labour over the past two days faster than the trees losing leaves due to increased employer costs. I really hope the ones losing their jobs voted for this shower of shite… "

Do you know how many people have lost their jobs over the past 2 days?

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By *aughtystaffs60Couple 3 weeks ago

Staffordshire


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite "

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it."

Let’s hope we do rejoin, Brexit is a disaster ,

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By *uffleskloofMan 3 weeks ago

Cabo Verde


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it."

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

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By *onyandtrapMan 3 weeks ago

manchester

[Removed by poster at 01/11/24 18:02:41]

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election."

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

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By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim? "

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?"

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

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By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken "

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else "

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

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By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5 "

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

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By *irldnCouple 3 weeks ago

Brighton

Oh dear it really isn’t going well…

“GPs are calling on the government to protect them from tax rises for employers announced at the Budget, warning it could hit services for patients.

The NHS and rest of the public sector are due to be shielded from a hike in National Insurance (NI) contributions from April next year.

But GP practices, which deliver NHS services but are mostly run as small businesses, are currently due to be hit by the rise.”

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By *onyandtrapMan 3 weeks ago

manchester

[Removed by poster at 01/11/24 19:25:59]

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates"

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

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By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken "

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more"

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

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By *otMe66Man 3 weeks ago

Terra Firma


"Oh dear it really isn’t going well…

“GPs are calling on the government to protect them from tax rises for employers announced at the Budget, warning it could hit services for patients.

The NHS and rest of the public sector are due to be shielded from a hike in National Insurance (NI) contributions from April next year.

But GP practices, which deliver NHS services but are mostly run as small businesses, are currently due to be hit by the rise.”

"

This is the short term pain, the big hitters are coming down the road. I will say it until I'm blue in the face, this budget is not understood enough by the population, and it is not the publics fault.

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By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

Do you think Labour strategists were trying to gain fewer votes? Are you that deluded? Yes they got 400+ seats and nobody's denying that. Nor am I denying the Tories deserved it. Nor was I moaning when the Tories were winning under the same system. Nor will I be moaning when Trump loses the popular vote but wins the presidency unlike your good self I'm sure. Not will I be reinventing myself under a different profile having been banned "

Then except the result of a democratic election, labour won bigly, huge majority , the tories were thrashed and little reform got enough MPs to fill a taxi. You lost, get over it

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By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

Do you think Labour strategists were trying to gain fewer votes? Are you that deluded? Yes they got 400+ seats and nobody's denying that. Nor am I denying the Tories deserved it. Nor was I moaning when the Tories were winning under the same system. Nor will I be moaning when Trump loses the popular vote but wins the presidency unlike your good self I'm sure. Not will I be reinventing myself under a different profile having been banned

Then except the result of a democratic election, labour won bigly, huge majority , the tories were thrashed and little reform got enough MPs to fill a taxi. You lost, get over it

As did remainers...sad little man "

My apologies

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By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

Do you think Labour strategists were trying to gain fewer votes? Are you that deluded? Yes they got 400+ seats and nobody's denying that. Nor am I denying the Tories deserved it. Nor was I moaning when the Tories were winning under the same system. Nor will I be moaning when Trump loses the popular vote but wins the presidency unlike your good self I'm sure. Not will I be reinventing myself under a different profile having been banned

Then except the result of a democratic election, labour won bigly, huge majority , the tories were thrashed and little reform got enough MPs to fill a taxi. You lost, get over it

As did remainers...sad little man

My apologies "

Reply privately (closed, thread got too big)

 

By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

Do you think Labour strategists were trying to gain fewer votes? Are you that deluded? Yes they got 400+ seats and nobody's denying that. Nor am I denying the Tories deserved it. Nor was I moaning when the Tories were winning under the same system. Nor will I be moaning when Trump loses the popular vote but wins the presidency unlike your good self I'm sure. Not will I be reinventing myself under a different profile having been banned

Then except the result of a democratic election, labour won bigly, huge majority , the tories were thrashed and little reform got enough MPs to fill a taxi. You lost, get over it

As did remainers...sad little man

My apologies "

Pardon

Reply privately (closed, thread got too big)

 

By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

Do you think Labour strategists were trying to gain fewer votes? Are you that deluded? Yes they got 400+ seats and nobody's denying that. Nor am I denying the Tories deserved it. Nor was I moaning when the Tories were winning under the same system. Nor will I be moaning when Trump loses the popular vote but wins the presidency unlike your good self I'm sure. Not will I be reinventing myself under a different profile having been banned

Then except the result of a democratic election, labour won bigly, huge majority , the tories were thrashed and little reform got enough MPs to fill a taxi. You lost, get over it

As did remainers...sad little man

My apologies

Pardon "

No need sonny

Reply privately (closed, thread got too big)

 

By *onyandtrapMan 3 weeks ago

manchester


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

Do you think Labour strategists were trying to gain fewer votes? Are you that deluded? Yes they got 400+ seats and nobody's denying that. Nor am I denying the Tories deserved it. Nor was I moaning when the Tories were winning under the same system. Nor will I be moaning when Trump loses the popular vote but wins the presidency unlike your good self I'm sure. Not will I be reinventing myself under a different profile having been banned

Then except the result of a democratic election, labour won bigly, huge majority , the tories were thrashed and little reform got enough MPs to fill a taxi. You lost, get over it

As did remainers...sad little man

My apologies

Pardon

No need sonny "

Are you ok? Bizarre couple of posts

Reply privately (closed, thread got too big)

 

By *mateur100Man 3 weeks ago

nr faversham


"Companies are shedding labour over the last couple of days like leaves in Autumn. I really hope those losing their jobs voted for this shower of shite

You've only got to look up the thread to see that there are plenty blaming Brexit and the Tories which is exactly what they want people to think and push as the agenda is crash the economy, blame Brexit and the Tories and rejoin. It's a slam dunker and they know it.

100%. The plan is to blame the Tories for three years then when things are just going from bad to worse under Labour they will say it’s because we aren’t in the EU, then campaign to rejoin in the next election.

I hope so, very few people think Brexit is a good idea, do you want me to show you the polls that back up this claim?

And yet 52% voted for Brexit as opposed to 34% for labour in the GE...so by your thinking presumably we can vote again on the GE as the majority are pissed off with the Labour govt?

One was a referendum, the other a general election completely different.

And labour just won a huge landslide majority, thrashing the opposition, the electorate have spoken

No, they didn't. They won 6% less of the vote than Corbyn. There was no huge swing to them, they just benefitted from the abandonment of the Tory vote. Don't try and make it out as anything else

Huge majority, 411 seats, go and check online if you don’t believe me. Tories got 121, and reform only 5

That's a majority of seats, not a majority of votes. 34% of the vote can't be argued as a majority even by fabtastic and his mates

We don’t use PR at elections , I thought you would know that , do you want to change the way we elect our government ? Labour ran an efficient and strategic election campaign targeting resources in areas they thought they could win . It was a brilliant strategy that won they a huge majority , 411 seats , the electorate has spoken

Absolute bollocks. Their strategy didn't get them any extra votes, they lost 6% on the previous GE. The system gifted them more seats, nothing more

O dear, you’re not living in the real world, their strategy got them 411 seat, we don’t have PR so why do you keep mentioning votes. These are the rules of general elections, most seats wins, were you moaning when the tories were winning under the same system

Do you think Labour strategists were trying to gain fewer votes? Are you that deluded? Yes they got 400+ seats and nobody's denying that. Nor am I denying the Tories deserved it. Nor was I moaning when the Tories were winning under the same system. Nor will I be moaning when Trump loses the popular vote but wins the presidency unlike your good self I'm sure. Not will I be reinventing myself under a different profile having been banned

Then except the result of a democratic election, labour won bigly, huge majority , the tories were thrashed and little reform got enough MPs to fill a taxi. You lost, get over it

As did remainers...sad little man

My apologies

Pardon

No need sonny

Are you ok? Bizarre couple of posts "

You realise bigly is a word made up by Donald Trump???

How sad is that

Reply privately (closed, thread got too big)

 

By *eoBloomsMan 3 weeks ago

Springfield

Good budgets everyone.

Reply privately (closed, thread got too big)

 

By *aribbean King 1985Man 2 weeks ago

South West London

I guess people in here are happy that Labour are raising tuition fees despite them saying before the election that they had plans to scrap it

Reply privately (closed, thread got too big)

  

By *onyandtrapMan 2 weeks ago

manchester


"I guess people in here are happy that Labour are raising tuition fees despite them saying before the election that they had plans to scrap it "

Doesn’t bother me, does it bother you?

Reply privately (closed, thread got too big)

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