2022 mini-budget discussion

[hurfdurf]

LOL wat???

I guess Putin would have been very happy right now but that's about it.

The truth is that no modern politician has been more consistent or more prescient when it comes to Putin than Corbyn. Far from being pro-Putin, Corbyn warned against him when others didn’t.

Corbyn has repeatedly criticised Putin’s human rights record with a consistency very few can match.

he was also among the first serious critics of Russian money in British politics, long before the cause became fashionable.

https://twitter.com/x/status/1499699236228808710

This was tweeted the exact moment that the Conservative Party was entrenching its dangerous and corrupting relations with Putin oligarch. No one in the cross-party British establishment wanted to hear this

Source: https://www.middleeasteye.net/opinion/russia-ukraine-war-jeremy-corbyn-right-putin-oligarchs

 

[Rroff]

The truth is that no modern politician has been more consistent or more prescient when it comes to Putin than Corbyn. Far from being pro-Putin, Corbyn warned against him when others didn’t.

Corbyn has repeatedly criticised Putin’s human rights record with a consistency very few can match.

We need more than words.

 

[spaggyboy]

I doubt many people on here are working class, some might claim to be in the same way some bankers or lawyers with regional accents will make ridiculous claims of being "working class" but realistically I suspect most forum users are working in reasonably well-paid careers. IT is perhaps one of the most common fields on here and it isn't exactly a low-paid area to work in.

If you're earning less than £150k pa and you support these tax cuts, then yes, it's forelock tugging. It's pathetic.

 

[Greebo]

I doubt many people earning<£100k are doing it either

This. Its only when you get really wealthy that it pays. Like when you earn £10m per annum. Worth paying a good accountant firm £1m to make your overall tax bill £1m - 10% so you get to keep 80% of your money.

 

[Tony Edwards]

At least we've had a strong and stable government for the last few years, can you imagine how bad things would've been if that guy who couldn't eat a bacon sandwich properly had been in charge or worst yet that old grandpa who would've put billions on the nations credit card so we could all own a piece of our national infrastructure, at least we dodged that bullet. Am i right, am i right.

The greatest shame/crime about that is that energy production/cost/distribution was his pet subject even then.

 

[V F]

Only relatively wealthy people can pay an accountant to help them avoid paying tax.

People earning 20K aren't doing that.

Teachers on 30 - 40 - 50K or so aren't doing that either. I know a local lawyer who is earning 55 - 70K who travels into the city regularly doesn't even have an accountant. Yet he's got big flashy Mercedes for his image.

I doubt many people earning<£100k are doing it either

Exactly. There are so many scenarios to it.

 

[arknor]

If those people are willing to work more, because they're taxed less, then they will actually contribute more to taxes and the economy. This is actually pretty basic stuff.

are all high earners working 2 days a week now or what? is there some alternate reality where once you're a high earner you always get to decide how many hours you now work? are all of them GPs, consultants or self employed?

I'm sure someone like a GP on 3 days a week who doesn;t really need the money anyway is going to suddenly work 5 days because they get taxed a tiny bit less

 

[Roar87]

The truth is that no modern politician has been more consistent or more prescient when it comes to Putin than Corbyn. Far from being pro-Putin, Corbyn warned against him when others didn’t.

Corbyn has repeatedly criticised Putin’s human rights record with a consistency very few can match.

he was also among the first serious critics of Russian money in British politics, long before the cause became fashionable.

https://twitter.com/x/status/1499699236228808710

This was tweeted the exact moment that the Conservative Party was entrenching its dangerous and corrupting relations with Putin oligarch. No one in the cross-party British establishment wanted to hear this

Source: https://www.middleeasteye.net/opinion/russia-ukraine-war-jeremy-corbyn-right-putin-oligarchs

Corbyn also couldn't say he would use nuclear weapons if the UK were threatened, this completely undermines our nuclear policy and threatens UK security because a hostile country couldn't be sure that we would respond with nuclear weapons if we were attacked. That is so dangerous when it comes to foreign policy and dealing with maniacs like Putin.

 

[Roar87]

are all high earners working 2 days a week now or what? is there some alternate reality where once you're a high earner you always get to decide how many hours you now work? are all of them GPs, consultants or self employed?

I mean, statistically it's true whether you believe it or not, otherwise why don't we just set the tax threshold at 90% above £150k? Everyone will just keep working the same hours and aspiring to do higher paid roles even though they'll only take home marginally more?

 

[Freakbro]

I mean, statistically it's true whether you believe it or not, otherwise why don't we just set the tax threshold at 90% above £150k? Everyone will just keep working the same hours and aspiring to do higher paid roles even though they'll only take home marginally more?

But we weren't at 90%, we were at 45%, so no need for rhe hyperbole. So are all these people earning over £150k going to be motivated to work that much harder now its 40%?

 

[spaggyboy]

Corbyn also couldn't say he would use nuclear weapons if the UK were threatened, this completely undermines our nuclear policy and threatens UK security because a hostile country couldn't be sure that we would respond with nuclear weapons if we were attacked. That is so dangerous when it comes to foreign policy and dealing with maniacs like Putin.

Yes, it's terrible that Corbyn wasn't prepared to instigate a nuclear war, end all life on earth and turn the entire planet into a uninhabitable toxic wasteland.

What a monster!

 

[arknor]

I mean, statistically it's true whether you believe it or not, otherwise why don't we just set the tax threshold at 90% above £150k? Everyone will just keep working the same hours and aspiring to do higher paid roles even though they'll only take home marginally more?

because they would go work in a foreign country instead

 

[Martini1991]

I don't post in this area of the forum, for obvious reasons but as an 'older head' in the forums I will say that people earning 150k and over have been unfairly vilified as being 'rich' for too long. It's the peeps earning over a million a year that have no worries about money.

Yes, these cuts seem enormous, its worth about 30k-40k per year to me and the missus but we will most likely just save the money, these taxes should not have been implemented in the first place, by previous conservatives governments.

This is now a proper conservative administration, implementing what we (Tory voters) expect from our party. And no, I won't be buying a 4090.

You're supposed to take a leak on me to trickle down though.

 

[Murphy]

Corbyn also couldn't say he would use nuclear weapons if the UK were threatened, this completely undermines our nuclear policy and threatens UK security because a hostile country couldn't be sure that we would respond with nuclear weapons if we were attacked. That is so dangerous when it comes to foreign policy and dealing with maniacs like Putin.

Yea, you tell them. There's nothing like being unsure if a country will retaliate if you nuke them, we should let everyone know that we would so they can get all their ducks in line.

 

[alchal]

I doubt many people on here are working class, some might claim to be in the same way some bankers or lawyers with regional accents will make ridiculous claims of being "working class" but realistically I suspect most forum users are working in reasonably well-paid careers. IT is perhaps one of the most common fields on here and it isn't exactly a low-paid area to work in.

I'm a welder, definitely working class and earn about 28k who happens to enjoy computers and spamming my thoughts on forums.

 

[Murf]

Christ alive....you know that the tax money that 'hurts' you to pay, is what pays your salary in the first place? Let's cut taxes some more until get you made redundant, then you won't have to suffer anymore.

I am fairly wealthy in terms of income compared to the average. I want to pay more tax. I want people on minimum wage to pay less.

Same. I'll benefit more than most from these changes, and they're disgusting. Targeted help for the needy, asking those of us with the broadest shoulders to take the burden would have been the right move.

I'm going to have thousands extra in my pocket each year now (until the economy implodes and I potentially lose my job!) and frankly every extra penny is going into overpaying the mortgage. I'm not going to change my spending habits as I already earn enough to buy whatever I want. This is a horrible set of policies.

And anyone who thinks salaried high earners are going to increase\decrease their effort\hours over small changes in the higher tax rate are extremely naive. Execs are already doing stupid hours, they're not going to start doing more now and their remuneration won't change. The only thing that will happen is part of their tax bill now sit in their bank account instead of funding the NHS. And future tax payers will have to pay the bill down the line.

 

[Roar87]

because they would go work in a foreign country instead

Some people will make that move at 45%, some people at 50%, some 60%; that's how it works. More people will do higher paid jobs at 40% than at 45%. There isn't a hard line where everyone leaves a country, it's a sliding scale.

 

[Rroff]

Yes, it's terrible that Corbyn wasn't prepared to instigate a nuclear war, end all life on earth and turn the entire planet into a uninhabitable toxic wasteland.

What a monster!

His words would make that eventually just a little more likely, also make conventional war just a little more likely if those like Putin think you are weak.

Being heavily prepared defensively doesn't equate to taking an aggressive posture - though it can take beyond a knee jerk reaction to the words nuclear war to comprehend that.

EDIT: As an example Corbyn was decrying the supply of Western arms to Ukraine and calling on them to stand down from the battlefield, while also calling on Russia to leave... which is pants on head stupid until you have some kind of iron clad guarantee from Russia - and then Ukraine wouldn't need Western arms anyhow.

 

[Tony Edwards]

Corbyn also couldn't say he would use nuclear weapons if the UK were threatened, this completely undermines our nuclear policy and threatens UK security because a hostile country couldn't be sure that we would respond with nuclear weapons if we were attacked. That is so dangerous when it comes to foreign policy and dealing with maniacs like Putin.

I don't know why everyone is obsessed with Putin using nukes, even a tactical nuclear weapon wouldn't be of very much use on the battlefield against dispersed infantry who are largely in trenches and makeshift bunkers. If you're referring to any other use of nuclear weapons then it's suicide for everyone involved.

 

[n111ck]

Same. I'll benefit more than most from these changes, and they're disgusting. Targeted help for the needy, asking those of us with the broadest shoulders to take the burden would have been the right move.

I'm going to have thousands extra in my pocket each year now (until the economy implodes and I potentially lose my job!) and frankly every extra penny is going into overpaying the mortgage. I'm not going to change my spending habits as I already earn enough to buy whatever I want. This is a horrible set of policies.

And anyone who thinks salaried high earners are going to increase\decrease their effort\hours over small changes in the higher tax rate are extremely naive. Execs are already doing stupid hours, they're not going to start doing more now and their remuneration won't change. The only thing that will happen is part of their tax bill now sit in their bank account instead of funding the NHS. And future tax payers will have to pay the bill down the line.

So you think its disgusting but are going to keep the money and put in your mortgage rather than help out the less fortunate... right...