Do you want to discuss boring politics? (19 Viewers)

[Mucca Mad Boys]

It is bizarre after the Cummings debacle that Labour just copied the same "model" of some weirdo technocrat making all the decisions.

Or perhaps they are actually onto something…

 

---

[wingy]

Or perhaps they are actually onto something…

If that were the case,why have Brexit?

 

[Grendel]

First person to have been checkmated by Starmer since he became PM

I think Kendall m ay be the first - she could not even be bothered to sit on the front bench

 

[Captain Dart]

Reeves seems to have been crying in the chamber today. Think she knows her race is run.

Starmer just said she is going nowhere so she's toast, maybe she will resign 'to spend more time with her family' by the end of the month. Has Labour got anyone better or even remotely competent?

 

[Grendel]

Starmer just said she is going nowhere so she's toast, maybe she will resign 'to spend more time with her family' by the end of the month. Has Labour got anyone better or even remotely competent?

Is there anyone less competent than Reeves? She is a disaster and need firing now.

 

[Brighton Sky Blue]

I think Kendall m ay be the first - she could not even be bothered to sit on the front bench

Kendall is probably second only to the odious Wes Streeting in being the biggest Tory in the party. Would be nice to see him leave next

 

[Brighton Sky Blue]

Or perhaps they are actually onto something…

Yes quite

 

[Grendel]

Kendall is probably second only to the odious Wes Streeting in being the biggest Tory in the party. Would be nice to see him leave next

He is the bookies favourite to be next Labour leader

 

[Brighton Sky Blue]

He is the bookies favourite to be next Labour leader

No government has made this big a waste of a huge majority since...the previous one

 

[rob9872]

Zarah not happy

Horrible woman

 

[SBAndy]

No government has made this big a waste of a huge majority since...the previous one

At least the previous one had a generational event to blame. This one has just fucked it for a laugh.

 

[Captain Dart]

Reeves seems to have been crying in the chamber today. Think she knows her race is run.

She'll be gone before long.

 

[chiefdave]

Not really buying into the idea that the ISA changes are a wealth tax. Pretty sure when most people refer to a wealth tax they're thinking of the 1% and billionaires, not regular workers trying to put a few quid away.

Anyway, went hunting for some stats, not sure I'd be targeting people earing £10-50K for a wealth tax.

 

[rob9872]

She'll be gone before long.

Coming to a meme near you imminently

 

[chiefdave]

Starmer just said she is going nowhere so she's toast, maybe she will resign 'to spend more time with her family' by the end of the month. Has Labour got anyone better or even remotely competent?

If they can't find anyone more competent than Reeves then we've got big problems.

 

[wingy]

Not really buying into the idea that the ISA changes are a wealth tax. Pretty sure when most people refer to a wealth tax they're thinking of the 1% and billionaires, not regular workers trying to put a few quid away.

Anyway, went hunting for some stats, not sure I'd be targeting people earing £10-50K for a wealth tax.

View attachment 44092

I guess those top bands put their savings into something else?

 

[Captain Dart]

Not really buying into the idea that the ISA changes are a wealth tax. Pretty sure when most people refer to a wealth tax they're thinking of the 1% and billionaires, not regular workers trying to put a few quid away.

Anyway, went hunting for some stats, not sure I'd be targeting people earing £10-50K for a wealth tax.

View attachment 44092

The main effect will be on 40% income tax payers, middle class, middle managers.

 

[SBAndy]

Not really buying into the idea that the ISA changes are a wealth tax. Pretty sure when most people refer to a wealth tax they're thinking of the 1% and billionaires, not regular workers trying to put a few quid away.

Anyway, went hunting for some stats, not sure I'd be targeting people earing £10-50K for a wealth tax.

View attachment 44092
it looks

The graph doesn’t really show anything. Yes, the middle cohort may hold the majority of ISAs but how many of them are making use of the £20k annual limit, or putting more than £5k into it annually? Thats not covered. Naturally, looking at the ‘market value’ plot I’d suggest that the changes would indeed hit the highest earners heaviest.

 

[rob9872]

If they can't find anyone more competent than Reeves then we've got big problems.

Sky News: Lottery winner Michael Carroll in line for next Chancellor

 

[chiefdave]

I guess those top bands put their savings into something else?

The mega-bucks people have got accountants to shove their money in places like the Caymans, changing ISA rules will have a negligible impact on them.

Bet a fair chunk of the money in ISA comes from people inheriting.

 

[wingy]

The graph doesn’t really show anything. Yes, the middle cohort may hold the majority of ISAs but how many of them are making use of the £20k annual limit, or putting more than £5k into it annually? Thats not covered. Naturally, looking at the ‘market value’ plot I’d suggest that the changes would indeed hit the highest earners heaviest.

Not so sure.

 

[Sky Blue Pete]

@shmmeee @PVA @Sky Blue Pete I see staunch support from?

I just want fairness in how long people have

 

[PVA]

@shmmeee @PVA @Sky Blue Pete I see staunch support from?

Wow three people.

So I can see why you are so shocked that he isn't getting much support in here.

You literally end up arguing against your own previous points, it's hilarious.

 

[Brighton Sky Blue]

Wow three people.

So I can see why you are so shocked that he isn't getting much support in here.

You literally end up arguing against your own previous points, it's hilarious.

Pete wouldn’t say boo to a goose so really it’s just two

 

[PVA]

Pete wouldn’t say boo to a goose so really it’s just two

I think Pete has praised Starmer a fair bit to be fair, and I think he would agree with that.

Either way, whether it's 2 or 3 or 5 it's certainly not 'many'.

 

[mmttww]

Horrible woman

She can come off as too righteous when she talks especially in the Commons, but I'm struggling to see what qualifies her as 'horrible'? Help me understand why she gets singled out quite a lot, because she seems a long way from the worst offender in that chamber, either from a policy or a behaviour POV.

 

[Sky_Blue_Dreamer]

Not really buying into the idea that the ISA changes are a wealth tax. Pretty sure when most people refer to a wealth tax they're thinking of the 1% and billionaires, not regular workers trying to put a few quid away.

Anyway, went hunting for some stats, not sure I'd be targeting people earing £10-50K for a wealth tax.

View attachment 44092

As the tax relates to the interest received not the amount saved it isn't a wealth tax, its an income tax. Some would argue that there shouldn't be any tax free interest as the personal allowance takes this into account regarding earnings, though I think there should be some incentive to save for those with little disposable income. 20k pa is a lot more than that though.

 

[Captain Dart]

The fall out unfolds.

 

[Sky_Blue_Dreamer]

@shmmeee @PVA @Sky Blue Pete I see staunch support from?

Three people from a supposedly left wing dominated forum.

Hardly a ringing endorsement is it.

 

[wingy]

The fall out unfolds.

Bout time isn't it?
Been out of step for ages both EU
and USA,and even Switzerland?

 

[SBAndy]

The fall out unfolds.

1 month out from remortgaging. Cheers Rach.

 

[tisza]

Not really buying into the idea that the ISA changes are a wealth tax. Pretty sure when most people refer to a wealth tax they're thinking of the 1% and billionaires, not regular workers trying to put a few quid away.

Anyway, went hunting for some stats, not sure I'd be targeting people earing £10-50K for a wealth tax.

View attachment 44092

More the argument that cash ISAs are tying up money the Govt would like people to invest in other things eg stocks & shares to stimulate growth. It's the total amount tied-up rather than individual benefits. Unsurprisingly it's the investment firms and big business that would like to see cash ISAs go.

 

[Grendel]

Wow three people.

So I can see why you are so shocked that he isn't getting much support in here.

You literally end up arguing against your own previous points, it's hilarious.

The comment was regarding left wing people and frankly if the Tories has delivered this shambles many would be all over it.

Dough brain from Bedworth is still saying this is a left wing government.

Lets be honest he was one selling you the labour dream and you have just nodded along.

Going really well isn't it?

 

[Grendel]

Pete wouldn’t say boo to a goose so really it’s just two

To be fair its just one as the other one is the rear end of the pantomime horse

 

[Mucca Mad Boys]

More the argument that cash ISAs are tying up money the Govt would like people to invest in other things eg stocks & shares to stimulate growth. It's the total amount tied-up rather than individual benefits. Unsurprisingly it's the investment firms and big business that would like to see cash ISAs go.

You can get stocks and shares ISAs and yes, the 20k per limit applies there too…