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Politics, politics, politics (so long and thanks for all the fish)
- Thread starter SpurMeUp
- Start date
Gutter Boy
Tim Sherwood
Align capital gains with income tax. Put the top rate back up to 50%. Job done.
Mikey10
Chris Perry
Jeremy Corbyn and George Galloway together. Don’t see how the British public could fail to vote in that combination. Seems unfair to ask any other parties to run against them.
Silly McSilly Face
Neil Sullivan
I don't think either are realistic candidates to raise the additional revenue required as that sort of significant increase in capital gains would be offset by likely drop in revenue from investments in stocks in the UK as you're effectively making that sort of investment far less attractive particularly versus competitors and you would likely experience an overall drop in economic activity and revenue. Similarly you already have an extremely top-heavy tax revenue stream with income tax providing circa a quarter of all public revenue and over 60% of that provided by the top 10% of earners and 30% by the top 1%. This makes the UK extremely vulnerable as per analysis and market concerns to changes in activity and income in a very small subset of extremely mobile people.
As per the analysis significant increases in income tax and VAT targeting the broader population coupled with significant spending cuts would likely be the route to stabilising market confidence in the UK economy.
All Starmer and Reeves need to do is say "when we said 'we would not raise taxes on working people', this clearly meant those on the lowest incomes and our analysis shows that this group is made up entirely of the unemployed"
The fact that I could actually imagine those very words actually coming out of Starmer's mouth and it doesnt actually feel like too much of a satirical stretch says all you need to know for me
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Gutter Boy
Tim Sherwood
I don't think either are realistic candidates to raise the additional revenue required as that sort of significant increase in capital gains would be offset by likely drop in revenue from investments in stocks in the UK as you're effectively making that sort of investment far less attractive particularly versus competitors and you would likely experience an overall drop in economic activity and revenue. Similarly you already have an extremely top-heavy tax revenue stream with income tax providing circa a quarter of all public revenue and over 60% of that provided by the top 10% of earners and 30% by the top 1%. This makes the UK extremely vulnerable as per analysis and market concerns to changes in activity and income in a very small subset of extremely mobile people.
As per the analysis significant increases in income tax and VAT targeting the broader population coupled with significant spending cuts would likely be the route to stabilising market confidence in the UK economy.
All Starmer and Reeves need to do is say "when we said 'we would not raise taxes on working people', this clearly meant those on the lowest incomes and our analysis shows that this group is made up entirely of the unemployed"
The fact that I could actually imagine those very words actually coming out of Starmer's mouth and it doesnt actually feel like too much of a satirical stretch says all you need to know for me
We're the most socially unequal country in western europe, so tax the poor?
Abolishing the triple lock and merging NI into income tax are other things that would help a lot.
Silly McSilly Face
Neil Sullivan
On what measure are we the most socially unequal country in western Europe? The gini index is the most widely used assessment of wealth inequality and in the last assessment, Spain, Portugal, Switzerland, Greece and Luxembourg were all rated worse than the UK and Germany had exactly the same score as us.
The world happiness report attempts to measure living standards and UK ranked above France, Spain, Portugal, Greece etc in that report.
Just for example.
SpiderSpurs
Stephen Clemence
Tosser
Silly McSilly Face
Neil Sullivan
I think this sort of bo**ocks is why Labour are i believe the most unpopular government after a year in power in recent history. The Tories are "the nasty party".
All the "the adults are in charge now" only to all fall out over disability benefits within months and leave their chancellor crying on national TV during PMQs.
All the "tory sleeze" only to fall over themselves for freebies as soon as they got into power, Lord Ali stuff and then (and this is f***ing brilliant) appointing a *checks notes* ah yes, an ANTI CORRUPTION MINISTER who has had to resign due to being CHARGED WITH CORRUPTION OFFENCES.
And "we're socialists don't you know, we won't put up taxes on working people"....followed by endless changes in the definition of "working people" and a failed attempt at cutting benefits.
"isn't it great not to have a right wing party in power "....followed by Kier Starmer going down in history next to Enoch f***ing Powell by delivering an "island of strangers" speech....
"The tories left us a £22 bn black hole" followed by "we need to find £41 bn in the autumn budget"
And now this........the sheer arrogance of the blatant hypocrisy is what angers people.
glasgowspur
Chris Jones
Out of the 1000 or so politicians that are elected in this country over the four parliaments I doubt there is more than 10 that could be trusted with either power or money.
The fact that we even have a 1000 politicians, especially after the cull of MEPs, is actually quite disgusting IMHO.
And that's before we count the local councillors, mayor's and the SPADs and over hanger ons.
Politics most be one of our biggest growth industries.
Grays_1890
David Ginola
This, people act like there is anyone not at it. One of my biggest complaints about Farage and these air of "he cares", I mean come on now, the bloke is as big if not bigger grifter than them all and they are all at it, seemingly.
Its nothing to do with putting a flag in the sand with a party anymore and lying about the opposition, we might as well be frank and say they all stink and none of them have a plan for this country.
Silly McSilly Face
Neil Sullivan
Here's the man himself, in the earlier years, explaining what a gravy train politics is for people: low level politician in EU parliament requiring no qualifications is paid the equivalent of a £250K job at Goldman Sachs for 4 days work a week....
Grays_1890
David Ginola
Yep, grifting 101.................
Its a sport full of them now and he is the pied piper for the lot
ricky2tricky4city
Andy Thompson
Poor old Rupert.
www.bbc.co.uk
Rupert Lowe mistakes charity rowers for 'illegal migrants'
Rupert Lowe says he will donate £1,000 to charity but makes "no apologies over being vigilant".
www.bbc.co.uk
glasgowspur
Chris Jones
Typo, they missed the e off the end?Poor old Rupert.
Rupert Lowe mistakes charity rowers for 'illegal migrants'
Rupert Lowe says he will donate £1,000 to charity but makes "no apologies over being vigilant".
Silly McSilly Face
Neil Sullivan
So River Island are requiring a rescue package involving closure of 33 stores and Iceland have announced they are in the red and that this is specifically due to the tax increases implemented by the government. These lot are literally sinking the ship. Worst government in f*cking decades and we are all going to be paying the price.
Glenda's Legs
Ian Walker
From reports of the High Court hearing about restructuring of River Island :
Matthew Weaver KC, for River Island, told a hearing on Friday that the company “simply has not been able to reverse” a trend of financial difficulty as the restructuring plan was approved by the High Court in the UK.
In written submissions, he cited a decline in footfall and sales due to “the pressures of a highly competitive and changing retail environment as well as the prevailing trend away from high street retail stores to online shopping”.
He added: “A number of geopolitical events have also resulted in continuing supply chain disruption which, together with energy, labour and other price increases, has resulted in a cost base that’s too high and unsustainable at its current level.”
The comments from Iceland are I respect of their annual accounts to year ending March 2025. The increase in NI came into effect on April 2025.
Silly McSilly Face
Neil Sullivan
Are you on the Labour Party pay roll? All retailers are struggling. People have no spare money so they're not shopping. They're not spending. I've personally never felt so tight. The bank i work for have made 4,000 people redundant in cost cutting measures. 500 in the office i work in. I've lost friends, colleagues. Deals are not happening now. Customers buisinesses are going insolvent. The economic outlook is absolutely bleak. Its not felt this bad since 2008. And just over a year ago there was a lot of positivity. It felt buoyant. They've absolutely killed it. Iceland were struggling before with inflation - they've sucked up wholesale costs without passing on. In their latest announcement they said this is no longer possible and significant consumer price increases are necessary due to government policy. Inflation is creeping upwards again after reducing under Sunak and Hunt. The government's policies have been inflationary when global pressures are also inflationary.
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Glenda's Legs
Ian Walker
You made a claim that the issues with River Island and Iceland were “specifically due to the tax increases implemented by the government”.
That clearly is not the case.
Silly McSilly Face
Neil Sullivan
I said Iceland have attributed their necessary action to tax increases by the government. Which is what they, themselves, have stated.
As to River Island, all high street retailers are up against it. Huge increases in energy costs, supply chain costs, Covid accelerated reduced footfall due to working from home and increased rate of change to online shopping. But increasing ENI, minimum wage and councils maxing business rates on top of all that is going to be disastrous for many
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Glenda's Legs
Ian Walker
No. You said “Iceland have announced they are in the red and that this is specifically due to the tax increases implemented by the government.”
Which is strange because the tax increases took effect after Iceland filed their accounts showing the loss.
Iceland have said that they may need to increase prices but equally have said they are planning to open 20 new stores in this financial year.