TORY Mansion tax and pension raid ? : Sun Feb 09, 2020 1:49 pm  

Straight out of Corbyn's little red book, the Tories are apparently considering increasing council tax on higher value properties AND reducing the 40% tax relief on pension contributions, in order to raise £10 billion per year for the chancellor.

Any double standards for the "one nation Tories", not many.

Corbyn would have been slaughtered for mentioning such policies but, the Tories, with their huge majority, ma be hitting many of their traditional voters with these kind of policies.

Re: TORY Mansion tax and pension raid ? : Sun Feb 09, 2020 2:11 pm  

Will the tax raid on pension contributions mean there is less of a tax liability when it is paid out ?

Re: TORY Mansion tax and pension raid ? : Sun Feb 09, 2020 5:28 pm  

ninearches wrote:

Will the tax raid on pension contributions mean there is less of a tax liability when it is paid out ?

I wouldn't have thought so. It would just mean that you would have contributed less, by virtue of only getting basic rate tax relief on all contributions.
Mind you, there would be ways around any changes and a company could quite easily increase it's own contributions and take a lower share from the employee.

Re: TORY Mansion tax and pension raid ? : Sun Feb 09, 2020 5:37 pm  

Steep hikes in the minimum wage, energy price caps, talking about bringing northern rail in to public ownership and coming out of the EU state aid regime so we can subsidise struggling industries and now we have this.

These are the politics of Labour in the early 1980s.

Still it will be fun watching Tory MPs and right wing commentators have to make arguments justifying these.

Re: TORY Mansion tax and pension raid ? : Mon Feb 10, 2020 3:15 pm  

sally cinnamon wrote:

Steep hikes in the minimum wage, energy price caps, talking about bringing northern rail in to public ownership and coming out of the EU state aid regime so we can subsidise struggling industries and now we have this.

These are the politics of Labour in the early 1980s.

Still it will be fun watching Tory MPs and right wing commentators have to make arguments justifying these.

The media will not say a word.

Re: TORY Mansion tax and pension raid ? : Mon Feb 10, 2020 4:16 pm  

You will need to include the cost of his proposed bridge. You would think after the debacle of the garden bridge he would want to keep away from these type of structures.
I did read that like Trump he wants to leave a legacy so that his name lives on forever. The bridge is Johnson’s wall pointless and very expensive much like the garden bridge, water cannons and the Thames island airport.

Re: TORY Mansion tax and pension raid ? : Mon Feb 10, 2020 5:20 pm  

It shouldn't cost too much to do a feasibility study into the new Boris Bridge. Let me see now, the Irish sea has been used for dumping nuclear waste containers and WW2 munitions. Conclusion: a bridge is not feasible. Cost to you Mr Johnson? Oh just buy me a pint next time you're up north.

Re: TORY Mansion tax and pension raid ? : Mon Feb 10, 2020 5:45 pm  

Scarlet Pimpernell wrote:

You will need to include the cost of his proposed bridge. You would think after the debacle of the garden bridge he would want to keep away from these type of structures.
I did read that like Trump he wants to leave a legacy so that his name lives on forever. The bridge is Johnson’s wall pointless and very expensive much like the garden bridge, water cannons and the Thames island airport.

Has he said whether there will be checkpoints on this bridge or will people and goods be free to move in either direction

If you see some of the bridges that they have in Scandinavia, a bridge would be a great thing - it's just the cost of the damn thing.

Re: TORY Mansion tax and pension raid ? : Mon Feb 10, 2020 5:52 pm  

Money doesn’t matter when it comes to egos.

Re: TORY Mansion tax and pension raid ? : Mon Feb 10, 2020 7:44 pm  

silver2 wrote:

It shouldn't cost too much to do a feasibility study into the new Boris Bridge. Let me see now, the Irish sea has been used for dumping nuclear waste containers and WW2 munitions. Conclusion: a bridge is not feasible. Cost to you Mr Johnson? Oh just buy me a pint next time you're up north.

You can bet Johnson's 'feasibility study' will cost a bit more than a pint.

I wonder which company will be in line for pocketing the public money for his latest fantasy?