National Politics 🔴 The Labour Party

[holdsteady]

Those sound like choices. You dont have to get married i didn't as I don't want to risk loosing what I worked hard for. And too many people blame their class for just choosing to be uneducated. I am working class from two manual labourer parents but still educated myself financially. Again raising a family is a choice too and choosing employment as a mobile hairdresser. Why should the state pay for peoples choices? Bring on meritocracy bring on accountability. You make your bed you lie in it. You want to retire stick some money in a pension each month dont rely on the state.

The trouble is if everyone lives like you, single and no family then society collapses, so no state anyway?

The state pension is a problem which needs solving but not by people living in such fear of being poor in old age that they for go living while they are young (which if everyone did would destroy the economy anyway).

People who can work longer will just have to do that, can’t say it bothers me, don’t fancy sitting around watching shite on tv all day anyway, state pension will just have to be given out later in life, probably when people turn seventy or later.

 

[Essexyellows]

The trouble is if everyone lives like you, single and no family then society collapses, so no state anyway?

The state pension is a problem which needs solving but not by people living in such fear of being poor in old age that they for go living while they are young (which if everyone did would destroy the economy anyway).

People who can work longer will just have to do that, can’t say it bothers me, don’t fancy sitting around watching shite on tv all day anyway, state pension will just have to be given out later in life, probably when people turn seventy or later.

Got some news for you................
The UK state pension age is currently 66, and it is set to rise to 67 between 2026 and 2028.
The rise to 67 is legislated and affects individuals born between 6 April 1960 and 5 April 1977.
A further increase to 68 has been proposed but is not yet on the legislative pathway.

 

[holdsteady]

Got some news for you................
The UK state pension age is currently 66, and it is set to rise to 67 between 2026 and 2028.
The rise to 67 is legislated and affects individuals born between 6 April 1960 and 5 April 1977.
A further increase to 68 has been proposed but is not yet on the legislative pathway.

I knew all that, it’s only going to go up as well. But that’s because people live longer thanks to improved healthcare.

I did read an interesting article a few years back about how we need to move focus from extending people’s lifespan to improving the health of those who do live longer lives, but who wants to be the one who advocates pulling the plug on funding on keeping people alive?

 

[Essexyellows]

I knew all that, it’s only going to go up as well. But that’s because people live longer thanks to improved healthcare.

I did read an interesting article a few years back about how we need to move focus from extending people’s lifespan to improving the health of those who do live longer lives, but who wants to be the one who advocates pulling the plug on funding on keeping people alive?

Don`t tempt me...................... I`ve got a list...

 

[Matty Greens Left Boot]

People who can work longer will just have to do that, can’t say it bothers me, don’t fancy sitting around watching shite on tv all day anyway, state pension will just have to be given out later in life, probably when people turn seventy or later.

That's fine but we need to untie private pensions from the sate pension age. If i have a 3 million pension pot at age 50 why should i wait for 10 years less than state pension age at 60 (assuming state pension age raises to 70) before i can use it. Some one who has amased 3 million isnt going to just blow it.

 

[Matty Greens Left Boot]

I knew all that, it’s only going to go up as well. But that’s because people live longer thanks to improved healthcare.

I did read an interesting article a few years back about how we need to move focus from extending people’s lifespan to improving the health of those who do live longer lives, but who wants to be the one who advocates pulling the plug on funding on keeping people alive?

This is a very good point political suicide but i really think we should not focus on keeping people alive at all (human) costs. The additional costs to the NHS of keeping people alive combined with sadditional benefits that need to be paid out to those in poor condition is only going up. I have no wish to have my days dragged out as a burden on the state.

 

[QR]

That's fine but we need to untie private pensions from the sate pension age. If i have a 3 million pension pot at age 50 why should i wait for 10 years less than state pension age at 60 (assuming state pension age raises to 70) before i can use it. Some one who has amased 3 million isnt going to just blow it.

Because of the tax advantage you get putting your money in a pension. If you don't like the restrictions put your money in another form of investment.

 

[Matty Greens Left Boot]

Because of the tax advantage you get putting your money in a pension. If you don't like the restrictions put your money in another form of investment.

I pay tax on withdrawing it its how pensions work. It is deferred income. Perhaps if i am required to choose to invest differently perhaps the state pension should remain fixed at the same level as today and not increasing it with inflation that would be simply keeping it inline with the current rules/levels. People chose to have children whilst under the two child cap perhaps they should have chosen differently because those are the rules at the time they made their decision. Instead the state chose to change the rules. Life is all about choices some choose jam today (which they cant afford) knowing the rules in which case they can choose to pay for it tomorrow.

I intend to spend my retirement eating caviar off gold plates as i try to burn a 3m pot before death. Probably after moving to Cyprus (i know someone who has done this so it is feasible) to use their 5% withdrawal tax again all within the restrictions when i can move back to the UK afterwards £2.850 million should be a fun spend. I will fully minimise my tax by using the rules to the fullest.

 

[Matty Greens Left Boot]

So labour do have a genuinely interesting issue. Much like i eluded to above if the UK isnt financially attractive because of the rules it introduces then people will leave. I would rather spend my time in the UK but if it costs me too much then i will leave. Well it seems others have already hit that point already and some are millionaires that paid a lot of tax

Number of UK millionaires falls to lowest level since global financial crisis

Numbers have dropped 7 per cent, according to data from Adam Smith Institute

www.independent.co.uk

Of course plenty of boat people have replaced them.

Scotland has an even worse issue with its higher tax demands. And seems to have crossed over the peak of the laffer curve

Scotland’s tax hike may have backfired as receipt falls

Neidle’s research on tax data suggested that a decision to increase the top income tax rate to 48 per cent led to lower receipts.

www.cityam.com

For the record I want Andy Burnham to succeed i really do I like a lot of what he says. I like his education suggestions which seems to be reverting to the old technical colleges we had 40 years ago. Labour has a difficult situation raising tax from an ready highly taxed country.

 

[Essexyellows]

So labour do have a genuinely interesting issue. Much like i eluded to above if the UK isnt financially attractive because of the rules it introduces then people will leave. I would rather spend my time in the UK but if it costs me too much then i will leave. Well it seems others have already hit that point already and some are millionaires that paid a lot of tax

Number of UK millionaires falls to lowest level since global financial crisis

Numbers have dropped 7 per cent, according to data from Adam Smith Institute

www.independent.co.uk

Of course plenty of boat people have replaced them.

Scotland has an even worse issue with its higher tax demands. And seems to have crossed over the peak of the laffer curve

Scotland’s tax hike may have backfired as receipt falls

Neidle’s research on tax data suggested that a decision to increase the top income tax rate to 48 per cent led to lower receipts.

www.cityam.com

For the record I want Andy Burnham to succeed i really do I like a lot of what he says. I like his education suggestions which seems to be reverting to the old technical colleges we had 40 years ago. Labour has a difficult situation raising tax from an ready highly taxed country.

Its back to the men in the pub scenario............... and those most able are also most able to leave and live their life elsewhere.

And we get more of those that take far more than they will ever put in.

 

[Symp59]

Its back to the men in the pub scenario............... and those most able are also most able to leave and live their life elsewhere.

And we get more of those that take far more than they will ever put in.

How much do you put in ? you need people to create wealth we have become a country of take ,take ,take the wealthy should pay for everything that is a socialist state it doesn't work. We have so many people that think they are owed a living the country is very close to collapse whats youre answers?

 

[Essexyellows]

How much do you put in ? you need people to create wealth we have become a country of take ,take ,take the wealthy should pay for everything that is a socialist state it doesn't work. We have so many people that think they are owed a living the country is very close to collapse whats youre answers?

Eh? Ive worked and paid tax since I was 16...... thats 44 years!

Add in NI, IHT, CGT and VAT etc etc I think I have put in far more than I will ever likely take out.

To be honest I hate to think how much I have put in to subsidise the feckless who have never worked, never contributed and just leech off the system and in our infinite wisdom we are importing hundreds of them on a daily basis..........

 

[Boris]

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

The Fiscal Impact of Immigration on the UK

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

www.oxfordeconomics.com

 

[Symp59]

Eh? Ive worked and paid tax since I was 16...... thats 44 years!

Add in NI, IHT, CGT and VAT etc etc I think I have put in far more than I will ever likely take out.

To be honest I hate to think how much I have put in to subsidise the feckless who have never worked, never contributed and just leech off the system and in our infinite wisdom we are importing hundreds of them on a daily basis..........

Brilliant I wanted to know if you were on my side ,we are in a terrible place ,and did the labour party say families will get £4,500 if one of there children go into training. You should just encourage them too ,what is happening to our country just a joke

 

[Symp59]

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

The Fiscal Impact of Immigration on the UK

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

www.oxfordeconomics.com

you are joking aren't you what planet do you live on

 

[Scotchegg]

you are joking aren't you what planet do you live on

A planet where facts matter apparently. Not sure it's your kinda place

 

[Boris]

you are joking aren't you what planet do you live on

I hoped it was one where facts mattered. Could be wrong obviously

 

[Boris]

A planet where facts matter apparently. Not sure it's your kinda place

Snap!

 

[Symp59]

I hoped it was one where facts mattered. Could be wrong obviously

I think it depends what part of the left wing think tank you get youre information from most of us in reality land know exactly whete it comes from .The labour party started the debt problem so I suppose they will want to finish it

 

[chuckbert]

I think it depends what part of the left wing think tank you get youre information from most of us in reality land know exactly whete it comes from .The labour party started the debt problem so I suppose they will want to finish it

Which think tank are you getting your info from?

 

[Sheik Djibouti]

Which think tank are you getting your info from?

The school of hard knocks.

Peer reviewed by the University of Life.

 

[Essexyellows]

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

The Fiscal Impact of Immigration on the UK

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

www.oxfordeconomics.com

You mean legal migrants from the EU rather than unknown folk arriving on boats to the South coast?

Those ones who legally can not work* yet take resources from the system?

*Caveat being "legally" we know many do work in the darker corners of the economy but do not contribute to taxation/NI etc so are a net cost to us.

I`m all in favour of legal ,documented migration.

I am vehemently opposed to our country having an undocumented population of in excess of 600,000.

Illegal Immigration Statistics in UK 2026 | Estimates, Trends & Key Facts

Illegal Immigration in UK 2026 Illegal immigration — or more precisely, irregular migration in the language of the UK government and official statistical bodies — remains one of the most debated and data-intensive policy issues in Britain today. As of…

www.theglobalstatistics.com

 

[QR]

Eh? Ive worked and paid tax since I was 16...... thats 44 years!

Add in NI, IHT, CGT and VAT etc etc I think I have put in far more than I will ever likely take out.

To be honest I hate to think how much I have put in to subsidise the feckless who have never worked, never contributed and just leech off the system and in our infinite wisdom we are importing hundreds of them on a daily basis..........

Assuming IHT is inheritance tax you must be dead seeing as it's paid from the deceased estate.
.

 

[Essexyellows]

Assuming IHT is inheritance tax you must be dead seeing as it's paid from the deceased estate.
.

The executor pays the IHT............. they need to be alive to do it. Ergo they have paid the tax. The deceased don`t pay it because........they dead.

 

[SteMerritt]

The executor pays the IHT............. they need to be alive to do it. Ergo they have paid the tax. The deceased don`t pay it because........they dead.

This is the kind of pedantic quibbling that I love the forum for. Great work .

 

[holdsteady]

The executor pays the IHT............. they need to be alive to do it. Ergo they have paid the tax. The deceased don`t pay it because........they dead.

Tax the dead.

 

[Basham Wonderland]

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

The Fiscal Impact of Immigration on the UK

European migrants living in the UK contribute £2,300 more to public purse each year than the average adult, suggesting a net contribution of £78,000 to the exchequer over their lifespan in the UK.

www.oxfordeconomics.com

Do Somalia next plz.

 

[Boris]

Do Somalia next plz.

I've no idea where to get the figures for the fiscal impact of immigration into Somalia

 

[Sheik Djibouti]

I've no idea where to get the figures for the fiscal impact of immigration into Somalia

Poly Styrene's Dad was Somalian.

As was Mo Farah

 

[Village-Yellow]

I've no idea where to get the figures for the fiscal impact of immigration into Somalia

That's because there are none, they are all leaving.