Current Affairs The Labour Party

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Always find the 'growth' discussion interesting. It always feels like, in some quarters, that the UK should be expanding economically at the pace of a up and coming developing country. Not entirely sure that's realistic.
This is an interesting article I found a while back with regards to growth.
 
Apart from the ftse dropping and the gilts going up. The £ has weakened and the OBR are forecasting reduced growth, Inflation to rise and mortgage rates to go up…..but apart from that…….
FTSE100 is not a good barometer for the U.K. 80% of revenues are generated outside of the U.K. The reaction would have had very little to do with the budget. More likely the oil price decline.

FTSE 250 which is much more domestically focused was up.

Gilt yields were up about 6 bps. If there was genuine concern, the bond market works have been going nuts.

That’s a normal day worth of vol.

The market reaction was muted given the expectations going into the budget.
 
Whatever your political colour (and you might or might not have noticed that I have never been particularly critical of you) it's just plain wrong.

I used to be an RN Officer and when I attended a resettlement course I was appalled by the flippancy of those congratulating themselves about all the things they could make tax deductible if they started their own business. It's obscene.

Dividend tax rates have been a bugbear of mine for years, as I used to do accounts work on company directors.

Always have their partner on the books in a made up admin capacity, getting another tax free 10k in the household, and then pay a paltry rate on their dividends.

No doubt many are now threatening to leave the country at the thought of having to pay their minimum wage staff a bit more.
 
FTSE100 is not a good barometer for the U.K. 80% of revenues are generated outside of the U.K. The reaction would have had very little to do with the budget. More likely the oil price decline.

FTSE 250 which is much more domestically focused was up.

Gilt yields were up about 6 bps. If there was genuine concern, the bond market works have been going nuts.

That’s a normal day worth of vol.

The market reaction was muted given the expectations going into the budget.
Likewise the £ has fluctuated all year against the euro and us dollar and the drop was far from precipitous.
 
Absolute bollocks fromm a Starmer puppet.

Let's see what that chump's bar chart looks like for someone on disability - and soon to get thrown off it; or someone who cant get out of a life of poverty because they cant keep their heads above water without the help of more family tax credit, or the low-earners who'll now be handed less hours work because the increase on minimum wage will be undermined by unscrupulous employers cutting hours worked because the Starmer Gang's much trumpeted workers rights measures allows them to do that still.

Then he should put up a bar chart of all the handouts that's going to be handed to house builders and other corporations involved in infrastructure building, where the public take the strain of investent rather than the businesses who'll massively profit by that investment.

My conscience is clear: I didn't vote for this shower of 💩 .

Apart from the ftse dropping and the gilts going up. The £ has weakened and the OBR are forecasting reduced growth, Inflation to rise and mortgage rates to go up…..but apart from that…….


It’s interesting how Labour and few predicted are the most radical government we’ve seen since Attlee in terms of wealth redistribution particularly. What I find fascinating is how so many advocating for wealth redistribution don’t actually like it when it happens. ‘Oh not those wealthy people".

I have long believed and yes, Blair once mooted that every tax rise or new tax scheme is massively popular among the middle classes and the left until it actually is put into practice and effects the individual . And suddenly people don’t like it so much at all.

Higher taxes to cope with ageing populations I’m not really sure what choice we have. The Tories dodged this for 14 years. I don’t think any tax is victimless. However, most know for ages now ages we need to fund our public services properly and this is always going to be the trade off.
 
People seem to have forgot the state the Tories left the country in after 14 years, and they have the cheek to criticise Labour after, what is it 3 months? It’s like they have wiped that from their memory.

I’d really think/hope that most sensible people understand that this is what is needed to ensure the NHS, social care, public services and those more vulnerable are supported after being neglected by the Tories.
 
Ever wondered why Clarkson became a farmer... One of the biggest tax fiddles by the few has been closed

Calling him a farmer is bit of stretch.
Buying 1000 acres of the Cotswolds prime farming land and paying other people to run it while you run around making good television doesn't make you a farmer in my book
 
Essentially they have Been forced to do all these weird tax raises as the public are too stupid to vote for normal tax rises to fund public services
Correct. If Labour had have run on a platform of raising income tax, even if they’d explicitly said it was for the top 10% of earners, they’d have lost the election.

The country is incapable of having a sensible conversation about taxation and spending, hence everything is always stealth taxes.
 
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