Do you want to discuss boring politics? (10 Viewers)

Grendel

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Sep 19, 2011
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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

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Oct 26, 2013
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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

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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.
 
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Grendel

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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
 

Captain Dart

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Oct 26, 2013
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Reeves seems to have been crying in the chamber today. Think she knows her race is run.
She'll be gone before long.
 

chiefdave

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Sep 27, 2008
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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.

1751462372726.png
 

wingy

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Jul 9, 2011
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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

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Oct 26, 2013
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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.
 
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SBAndy

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Mar 20, 2011
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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.
 

chiefdave

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Sep 27, 2008
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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.
 
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wingy

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Jul 9, 2011
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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.
 

mmttww

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Jan 22, 2014
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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.
 
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Sky_Blue_Dreamer

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Aug 16, 2018
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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

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Oct 26, 2013
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The fall out unfolds.

 

tisza

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Aug 2, 2011
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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

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Sep 19, 2011
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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?
 
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Grendel

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Mucca Mad Boys

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Jul 26, 2012
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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…
 

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