Labour's October Budget

I’m not sure what he means but does appear very worrying for the working class of this country, he keeps saying no tax, Nat insurance or vat rises and we know politicians don’t lie, so where is he going to raise the billions he says are needed to balance the debts (Tory Legacy of course). Answers on a post card to Rachel Reeves c/o Labour Party headquarters.
 
Probably capital gains tax going up, however not sure how much that will raise. Tax on pensions/pensions contributions and second/empty properties. Sure a few other areas. Maybe some more windfall taxes?
 
Marvanelli said:
Labour in a shock announcement that they withheld the whole truth of their plans during the election...
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That's not really what's happened though is it?

He clearly started why this has happened and that the Tories had not only left a £22bn black hole that they hid from the the OBR, but also borrowed an additional £5bn in the last months of government that they tried to hide.

Labour didn't know about it in the GE campaign, and so those trying to dress this up as Red Tories, or Liebour and other juvenile rubbish are being a little disingenuous.
 
LessoftheLip said:
Why don't you wait and see?
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I dont need to. I know the answer now we are an extremely wealthy country yet starmer is paralysed to upset the market and tax the rich. Hes just like blair talks a good game but wont change the status quo for the poorest in society . Child poverty, wealth inequality,equal opportunities these things wont change with wishy washy neoliberal policies. I will wager with anyone that by then end of labours term the top 1% will have still increased thier wealth and remain untouched from labour policies. Its a sham
 
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WeeGord said:
That's not really what's happened though is it?

He clearly started why this has happened and that the Tories had not only left a £22bn black hole that they hid from the the OBR, but also borrowed an additional £5bn in the last months of government that they tried to hide.

Labour didn't know about it in the GE campaign, and so those trying to dress this up as Red Tories, or Liebour and other juvenile rubbish are being a little disingenuous.
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Not quite how Labour are painting it. ...... they knew.

ifs.org.uk

The £22bn ‘black hole’ was obvious to anyone who dared to look | Institute for Fiscal Studies

"Frankly, nobody comes out of this smelling of roses". Paul Johnson writes for the Times.
ifs.org.uk ifs.org.uk
 
Glover_elbow said:
I dont need to. I know the answer now we are extremely wealthy country yet starmer is paralysed to upset the market and tax the rich. Hes just like blair talks a good game but he wont change the status quo for the poorest in society . Child poverty, wealth inequality, equally opportunities these things wont change with wishy washy neoliberal policies
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OK I'll wait and see then.

Legz said:
My hubby has been advised by a financial adviser friend of his to take all his pensions out of the pot NOW!! Get it all banged in a bank where Labour can't touch it!
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Sorry Legz but that is the greatest pile of steaming horse manure I've ever heard. No regulated financial advisor would advise any client to do that. There's a number of financial advisors who post on this forum who will concur. Tell your husband that he'll get tax relief on 25% of his pots if he does as advised. The remainder is classed as income and he will be taxed on it regardless of where he puts it.
 
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