Rachel Reeves just given the government access to your accounts

[Tram]

Access Restricted

Rachel Reeves approves tax crackdown on savings accounts​

More workers will pay savings tax directly from their pay packets under new rules

People are not going to be happy with this, grab your money from you without asking questions. I think more wealthy people will just leave the country pushing up the taxes. Labour just never learns. Eventually complete access to everything you do. You are not person your a number now.

 

[Fubsy]

Yea.

This is why I'm not in SC. This stuff gives me nosebleeds.

 

[[FnG]magnolia]

OP - weren't you disappearing to be an immigrant to some European destination, taking your pots of gold with you?

 

[Tram]

Yea.

This is why I'm not in SC. This stuff gives me nosebleeds.

if the rate of interest it greater than inflation tax the difference, the problem with taxing interest it is a direct tax on your savings wealth. you are unable to preserving your capital’s value. Makes savers poorer.

 

[Tram]

OP - weren't you disappearing to be an immigrant to some European destination, taking your pots of gold with you?

Yes, I am, I just need the documentation to be legal in that country, the process takes a lttle bit of time.

 

[Werewolf]

I think this should be in SC but as the op doesn't have access i'll close it and if someone wants to post it in there they can, or they can use the other threads in SC about the current government.