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It was the right thing to bail out the banks at the time and ultimately cost very little in the grand scheme of things (think around £10bn was the loss on RBS). It was disgusting that internationally very few of any bankers/senior bankers paid for this (sued, jail etc) though. The problem with...

My point is unless it’s done properly/sensibly many appear to be willing to go elsewhere….we all know what that means, those of us who contribute have to pay even more !

We all know what’s happened* and I’d imagine 99% aren’t happy with it but unless you’re gonna change global tax regimes I think it’s better to focus on what we might be able to control *a lot of facilitated or at least encouraged by endless QE which some on here are more than happy with

In terms of income tax the top 1% pay 30% of all income tax generate. Top 10% pay 60%. We discussed before that unless there is a global tax on wealth the richest will just move where they see fit. I think we’re losing 16k millionaires this year highest in the world (after around 10k last year)...

14% always sounds quite low to me but it’s 7m people already and will be almost 8m by the end of parliament. Equivalent to around 28% of FT workers. Massive revenue generator

Theres got to be a way surely. In terms of what we’re currently doing if I was Reeves id be tempted to offer non doms with an alternative one off payment ie £100k - £200k instead of us claiming IHT on all global assets which appears to be the main driver for people leaving. This would hopefully...

Looked like there needed to be some tweaks to the planned reforms but there’s got to be a recognition that we’ve got a massive issue with welfare. PIP claims have increased from 2.1m in 2019 to 3.7m at the start of 2025. There has been a move from DLA to PIP though so googled combined...

The devils always in the detail. All depends on how it’s done, what people were paying before, what the additional cash is spent on and what the individuals alternatives/options are USA highest income tax rate is 37% (over $600k). State tax there is 5%. 4% surcharge on amounts over a million...

Late to the party but just finished This City Is Ours. Best thing I’ve seen in BBC for a while. Probably on here somewhere already (sorry) but if you like gangland stuff worth a watch

Not this fella then ?

Brown wasn’t right of centre FFS. I’ll say it again, for whatever reason, and there are many including plenty of positives, successive governments have decided to have a looser migration policy. I’ll also say again, most on the left wanted this without appearing to consider and/or acknowledge...

The loose immigration policy was started by the Blair government and has continued since. Of course companies wanted it, why do you think most big business wanted to remain in the EU ? Supply of cheap labour with limited/no restrictions. But this has been successive governments decisions not...

It’s a big problem and a massive catch 22 as discussed. Unfortunately even if you deal with the demographic issue, we’re still a mature/developed economy struggling to find ways of generating growth. We’re not the only ones, even recent US exceptional growth has been pretty much generated solely...

Dont disagree with some of that, I’m a big advocate of investment to try to generate growth/improve lives for the public but this is the real world and unfortunately the further you go on both sides, they just don’t get it On the right, a lack of understanding of the need for a certain level of...

Unfortunately some of the issues you raise are directly related to loose immigration policy over the last decade or two. You don’t need to improve wages and conditions if you’ve got cheap migrant labour willing to do the jobs for less. You don’t need to train/upskill available employees or...

Im not ‘everything’s foreigners fault’, never have been, never will be. But to not recognise that uncontrolled, unplanned population growth doesn’t cause major issues is also wrong in my book edit - in terms of the data it’s impossible to tell what impact individuals elements have had. Whats...

Both can be true. The great financial crisis no doubt caused productivity issues/stagflation from 2008 but population growth since 2010 is also up 10%+ which would also negatively impact GDP per capita (especially if it’s the wrong type of population growth) So you had a squeeze on spending...

There is no doubt India would’ve been caught a bit in two minds in the second innings because of Stokes/Mccullum. It must fuck with oppositions heads knowing what we’ve been able to chase, do they go for runs on the board or take time out the game. As you say, under former management we’d have...

What an amazing win. Looked out of it on several occasions over the five days but hung in there. Stokes/McCullum have changed the face of test cricket, as much on the mentality side as anything Still by far the best format

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