"The cost of tax exemption for assets is devastating"
The next prime minister to say this fixes the economy. Go.
this post was submitted on 19 Mar 2025
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Would you like some Tory Light with your order?
I'll take a main of Labour, hold the Labour and also, could you leave out all left please and add some extra ring wing, thanks!
con pizza with right wing
Good thing we can tax the billionaires then, now can’t we?
I think he’s got the wrong part of devastating.
Cutting the meagre money ~~hundreds of thousands~~ millions rely on to survive and surely causing excess deaths in the process is devastating.
Millions. But yeah agree entirly.
A month ago he told us of his plans to “Unleash AI” To ‘increase efficiency’ - a phrase long proved synonymous with cutting jobs.
Would love to know what work he expects people to do when they’re kicked off sickness benefits.
Perhaps they will leave their wheelchairs behind and become bricklayers.
He is delivering a future inequality instead of alleviating it.
It’s all just so incoherent. I would settle for anyone who had the inclination to build functional society for the future, instead of the staid old ideas of slavish adherence to neoliberal economics. Academia is yelling out that they have seen the end of that road and it does not look good.
"The cost of 0 VAT on financial services is devastating. "
And only used by the wealthy.
Why should someone who needs an accountants time get it tax free. But needing a plumbers time dose not.
Disabled and ill peons don't hand out shares and consultancy jobs to politicians.
Disability benefit claimants can't fight back with armies of lobbyists and lawyers, like the US based companies such as Amazon and Meta who not only avoid paying billions in tax every year, but get paid by UKgov to "invest in infrastructure" they need to profit from UK consumers.
"The Labour Party" are choosing to take from the poorest and most needy and give it to giant multinationals, as the Tories before them.
Relevant reading, published today 20/03/2025;
https://publications.parliament.uk/pa/cm5901/cmselect/cmtrans/770/report.html
They know being disabled is harder, far more stressful, and more expensive, they simply don't give a fuck.
Edit: They know way more than the horseshit they're feeding us about it, and they refuse to publish the reports that poke holes in their excuses.
Disabled people already don't make enough to live off of,and they can't do anything about it. They already live in poverty, how much do we want to make them suffer?
Going after them and adding more stress is just terrible.
He should be ashamed of himself. He is going to kill people, blood on his hands.
Is there any chance of a rebellion within Labour over this?
With Reform neck and neck with Labour, not a chance. The UK's first past the post system means every lost vote for Labour is a vote for Reform. Labour voters aren't going to risk a Reform government. Of course, the next election is many years away, and much can happen in that time.
Good point. I guess there's no strong unified opposition within Labour on this doing anything at the moment?
They have a far left contingent but they don't have much leverage right now. I think the reality is that the UK's high spending, high historical debt, and already high taxes don't leave much room for pet projects and populist spending. If they increase the deficit they risk credit downgrades and much higher cost of debt servicing, exacerbating their issues during their tenure. If they increases taxes even more, they suppress what little economic growth they're likely to see during their tenure, and risk recessions. Their only realistic path here is very centrist: rein in spending to focus more on infrastructure and R&D. Especially the energy grid, which is fucked. If they plunge the country into recession or make things even worse, they guarantee a Reform government in 2029.
There is a ray of sunshine. I'm seeing really promising legislative changes re planning and zoning. Removing a lot of the red tape and disallowing councils from blocking new developments will allow far more housing to be built. This is arguably the single biggest quality of life issue for Brits. Bringing rent and the cost of ownership down could cement Labour as the next winners.
Isnt the main issues that voters have the cost of living, failing nhs, landlords?
Planning regulations aren't going to see any wins, nor is improving energy girds, important as those things are.
Its been shown that increases in housing stock has minimal effects on rent prices. A very cheap solution to this is rent control, it literally costs nothing. They could also build social housing if they wanted to invest money in something useful.
The NHS needs money, there is no getting around this unfortunately. All the fat trimming has been done.
Cost of living is obviously more complicated and i won't pretend to understand that level of macro. But you seem to be concerned that increases in deficit ie borrowing would cause debts to increase. This always happens when any government does anything remotely left wing, look at how the USA treats cuba. The political fact is that to be left wing you have to accept USA aligned countries making it more expensive for you to borrow. If Corbyn had won we would have been battered by this, but the trick is to nationalise the economy and become independent.
I can sympathise with some of what you're saying,but you make it out as if néolibéral policy is capable of doing those things as well as positioning it as the only route possible, which is disingenuous. You're making a political statement, not a descriptive diagnosis.
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Absolute fucking pig of a human.
How much does this guy get paid?
You know what costs more?
Plague.
The UK longs for the 1800s. And they are going to try to go back.
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