It’s going to be so bad…
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https://www.thetimes.com/uk/politics/article/surge-in-emigration-inquiries-as-wealthy-brits-fear-tax-raids-cjvzssxbg
https://www.thetimes.com/uk/politics/article/surge-in-emigration-inquiries-as-wealthy-brits-fear-tax-raids-cjvzssxbg
https://www.thetimes.com/uk/politics/article/surge-in-emigration-inquiries-as-wealthy-brits-fear-tax-raids-cjvzssxbg
https://www.bloomberg.com/news/articles/2024-10-24/uk-budget-fears-push-owners-to-close-firms-to-avoid-tax-hikes
https://www.thetimes.com/uk/politics/article/reevess-pensions-tax-raid-will-erode-living-standards-pzct7k7td
https://www.thetimes.com/uk/politics/article/rachel-reeves-to-protect-public-sector-workers-from-tax-raid-0n25hxkgg
https://www.thetimes.com/business-money/companies/article/scrapping-tax-break-for-entrepreneurs-would-be-a-mistake-reeves-told-8kd86jcvr
https://www.thetimes.com/business-money/economics/article/reeves-will-change-debt-rules-to-free-up-50bn-in-borrowing-w9jtbw60n
Yields on 30 year gilts are now higher than they were after the mini-budget. Rachel Reeves has CraShEd tHe EcOnOmy. pic.twitter.com/PZcW5KXeyk
— Christopher Snowdon ðºðŠ (@cjsnowdon) October 24, 2024
https://thecritic.co.uk/no-liz-truss-did-not-crash-the-economy/
https://www.telegraph.co.uk/politics/2024/10/24/rachel-reeves-commonwealth-reparations/
30 Comments
We haven't even started with the indemnity we will ALL be paying to pay for reparations, which are a done deal. This is collapsing state.
>thieves crashes
What did he mean by this?
Just wanna point out, I work in the public sector, and I am also dreading it.
Not everyone in the public sector is on 100k per year.
Rather than saving can we just deport those not making a net contribution?
It doesnt matter if they dont increase employers contributions on public sectors, its just paying themselves
Peasantry need to learn to code.
The £30k loophole is making yourself redundant from your own company, ALL employees can get up to £30k tax free when they are made redundant
Note, when the IMF say they predict the UK economy to grow by 1.1% this year, it had already grown by 1.2% in the first half of the year….
The same people who wailed at Truss' supposed crashing of the economy today say that Reeves driving bond yields up to the same high levels is not a problem at all, because Reeves has "given the market time to adjust" and "she will spend it on genuine investment". Can you imagine being someone who genuinely believes that? Reeves decries the 20bil black hole, then says she's looking to spend 50bil of borrowed money, and that is apparently a super smart plan because, you know, money and that.
Ancedotal, but I don't know a single person in real life who cries about the rich who isn't themselves a drain on the economy. They all happen to be civil servants (stealing a wage), "carers", completely unskilled or else hold expensive degrees in useless subjects.
The problÚme when you have very progressive taxation where a lot of the fiscal burden is placed on a few people is that it creates very unpredictible taxe revenue year to year. If only a few thousands millionaire pay for half of your budget, you are at the whim of a few hundred people deciding to just go away for any reason.
Also, since income tends to concentrate on the top, it makes tax revenue pro-cyclical where the state gets the most revenue when the economy is the best and forcing it to make cuts when the economy is worse and the poorest people are the most dependant on public services.
When did what we earn become the Governments money first and our money second? I used to be completely passive concerning tax, i paid it. Over the last 5 years Ive actively increased my use of legal tax allowances open to me to avoid tax. I've redoubled my efforts now that Labour is in power. I hate the fact that this Government in particular thinks that because my Family and I have worked hard, saved, invested that we should be a cash cow for their ridiculous schemes.
I hope the wealthy leave so that the socialists in the country see who has been keeping their taxes low for so long.
When they go, the 60% of income tax that the top 10% of earners pay will need to be covered from somewhere else, as those who never work and live off the state will be expecting their handouts so the rest of you better work harder for even less.
The economy becomes unstable when financial investors grow anxious, like when the Labour Party, harbours a negative sentiment towards profit-making individuals or anyone with a few bob.
stupid women she wants more trade from china we have enough rubbish already from china
When you say you are going to be "Liz Truss' Number One Acolyte", Haryan, I take it that means you were raised by a tribe of lesbian space witches.
print more money – make house prices go up.
No they haven't, the economy is fine
Didn't the IMF just say the UK's economy is going to grow much faster than most of the G7 last week?
Not all of us evade taxes. Some of us are proud to pay to support our NHS and our country through times of crisis you small-minded selfish little turd.
Invite me on for a debate. I'm a qualified finance expert.
The establishment made up stories that truss would crash the economy, whereas Tool and the gang will crash the economy.
Taxes are payments paid for communal services rendered by the state. They are not a slush fund for crooks to salve their guilty consciences, or pee aeay on their dodgy crackpot pet projects.
Your money is primarily your money. If we pay taxes we should get something out of it
Do left wing think tanks actually think?
It sounds like reeves looks at debt like YT loons look on perpetual motion machines for producing free electricity
If you are mid level in a team of 3 , does that mean you have one boss and one report
WITCHER MUSIC
The BoE had to step in after the mini budget because it crashed the £, if they didnât buy bonds the £ and with it tens of millions of peoples pensions wouldâve crashed.
This video may as well be a trump speech, itâs full of lies and hyperbole.
You right wingers actually have no comprehension of the economy or politics and everything you say is full of bias.
UK currency is overvalued