We need austerity as long as the British public at large believes that state finances still work like household finances and will punish a party for looking at alternative models. If Labour doesn't pretend this is true, they will be crucified and out of power for another decade at least.
A lot of people got a free wage for a year and it needs paying back . Sorry but you can’t I’ve your cake and eat it !!! It’s time to tax the absolute most wealthy in a realistic and fair way . No more pandering to these greedy people.
@blue.lake.patriotyeh definitely more terraces it's cheaper. I live in a mid terrace council property. I'm happy in it it's a decent size a small garden but we have one and also all properties have garages. These are what we should build it's and cheaper and due to the fact of being joint to other properties they are warmer. It would make more sense to save a bit by building terraced properties and then sticking solar on them to make them more efficient. Affordable homes that are cheap to run.
@@markysgeeklab8783the wealthy that pay enormous corp tax, provide workers benefits such as sick pay, paid annual leave, matching workers pension contributions, in some cases privatised healthcare/ dental and fundamentally create jobs for the “poor people” all of which eleviate what would be a much greater long term burden on the government? Lets make it no longer beneficial for these people to take the risk of starting up successful business in the first place so we can all live in council housing and not work at all, at least that way there’ll be no need for stately homes anymore so we can just flatten them all, the government can steal the land back & just build rows and rows of terraced houses and high rises and we can house all the illegal immigrants that will eventually stop coming when they realise there’s nothing to come for anymore 👍🏻
@@SlowhandGreg ...or remove the remittance basis rules entirely! To my mind, if you live here, you should pay the going rate on ALL your incomes both here in the UK and worldwide. 👍
@@SlowhandGreg They may be stateless, although they have passports, but their assets can be taxed. Of course they may hide their wealth, but if I hide my wealth the tax man gets me, and maybe prison gets me, it could be the same, if we really wanted it.
@@laidbackkodiak I would have said it of Sunak but he's a Tory, it's expected, but Labour are supposed to represent the people? (Farage is just awful in every way!)
@@laidbackkodiak We've been calling for this for *years* at this point. It doesn't matter which party is in power. Stop fueling this left vs right rubbish - we all have one common enemy at the moment and it's neoliberalism.
That's what Starmer said pretty much. Those with the broadest shoulders will be expected to pay the most. Plus Reeves has already said she will put someone in charge of recovering the money lost to COVID fraud.
Tax wealth then FFS. There are multiple proposals for wealth taxes that could raise tens of billions. Instead we get "things will get worse before they get better". So, more austerity then.
And also acknowledge that it’s stupid to say the last govt borrowed too much, when the govt can borrow loads of money from the Bank of England with little to no interest for capital investment, and at no cost to the taxpayer. As it is, they’ve cut public spending that actually needs to happen in terms of capital investment to rebuild and invest in the country. Also saying that the last govt borrowed too much and looked absurd is literally what the Tories said of Labour in 2010, and Labour are saying of the Tories now. Somethings never change. Namely political parties beholden to neoliberalism.
@@JackMellor498yep because it plays into the idea that government spending is identical to the you spend money within your household. Don’t want that credit card bill getting too high is what they’re equating it too. I don’t know what’s the worse idea….that none of the politicians for the past 14 years understand how government money, the Bank of England and government debt work or they do understand but figure that nobody outside of Westminster understands so they can keep pulling this BS!
@@Amannus2.0 This is a myth and you just need to look back over the last 50/60 years in many countries to see so. Investment does not stop because one thing the wealthy always want is more wealth - they will not be running at a negative by being taxed a little more. The ultra-rich currently pay a lower percentage of income tax over all than those in the lowest 10%.
Still won't properly tax extreme wealth and assets. Instead Labour will crap on those with the "broadest shoulders"... which is those people on lower to middle incomes, apparently, not millionaire and billionaires.
I wish I never voted for Labour. They promised that they would look after pensioners. If they are then that's bullshit I will never vote for them again by the way I am pensioner
@joetrent4753 That's a defeatist argument. Just because something might be challenging doesn't mean it's not worth trying, we may need add additional law in order to make it more difficult for them to do so.
@@joetrent4753 that is letting the extremist set the tone for the majority of people, assume there are more of them willing to pay taxes than the thieves, and just tax them
@@fireh3211tax them and it give it to you right lmfao. The stench of self entitlement is ripe. Yiu think we are going to give you outr money? Never🤣🤣🤣🤣!
Those with the broadest shoulders appear to be MPs on £90,000 plus salaries while being able to have subsidised fancy food and drink and get their fuel bills on their second homes paid.
Richard J Murphy explains quite well why none of this is necessary! It’s a choice and a choice that benefits the corporations and the super wealthy and shafts the public!
Indeed. I came across him for the first time a few days ago, he's a new discovery for me, I have a great deal of respect for him. He has already castigated Rachel Reeves in his blog for making decisions that will hit the poor and which are so unnecessary! I've been catching up with his videos, he has so much clarity.
Ah but this is Labour austerity which is different 🤔 They'll only give money to the Unions that shout the loudest and cause the most disruption ! The very poor and the pensioners can foot the bill as they have no Union 😁! Genius huh !
Is that speculation or fact though? I've seen a lot of specific policies or numbers thrown about but nothing has been instructed by the government If so, it's dangerous to have these kinds of comments without context as people repeat it mindlessly across the internet
Not really - I can't believe the helicopters the last government kept using were costing us £40 million a year, at least he's cancelled that contract...
He means painful for the working class. Not his wealthy donors who enjoy massive tax breaks. I'll never forget the astounding comments. But labour is for labour that's why they're called Labour 🤣🤣 I feel sorry for the people of the uk, they face the same charade of a two-party system that really works for one constituency and that is the ruling class
Unlike most other places where the public vote in mass, aka in the very high percentages, the UK are their own worst enemy, especially the young and working classes, they are happy to sit at home and moan, but those same ones don't go out and vote. General Election 2024: 40%+ approximately didn't vote, usual excuse they give? What's the point they are all the same! Can't get it through their thick skulls that nobody decent is ever going to try change things because with the First Past the Post system they wouldn't stand a chance unless all those 40%+ were voting and making it known that they are willing to vote for someone that isn't one of the main parties. So it will always be the same, Labour, Conservatives, Lib Dems, Reform UK, all 4 are always going to try to capture the vote of the right wingers because they are the only ones who are guaranteed to get off their lazy butts and vote, and since right wing voters don't want anything but right wing policies, only ever going to get right wing parties, which in turn leaves the rest of that do vote the choice of: which party is going to hurt us the least for the next 5 years?
Why do unpopular decisions always mean that the poorest will take the hit! Take them with the broadest shoulders... followed by fixing the water companies needing fixing , which will hurt us all... broadest shoulders will feel bugger all!
Because there are very few rich people and many millions of normal working class people, with a huge % of those costing the state more than they contribute through their lives. Add to that, if you go after the employment and wealth creators, they'll just withdraw from the market and enjoy some quality time rather than running businesses for no gain. All of society needs a reset, we either need to lower our expectations or collectively become far more productive.
@@shinkansenshinkansend8316 "if you go after the employment and wealth creators, they'll just withdraw from the market" this is a lie and has be projected for years. No one making money will pull out because they are making a few percent less. The "If I can't make £1billion pound and only £700 million then I rather make nothing" is absolute rubbish. Also the term "employment creator" is a big lie because all of these companies will do ANYTHING in their power to reduce staff meaning more people on welfare and demanding more public services that don't exist because the Government is giving more and more to businesses and thus the cycle downwards continues. People with NO money don't buy services or goods unless they absolutely have to. If the people own no assets (almost there) or resources then they have to pay for them but if they can't then those that own them have to get their money from somewhere (at the moment it's the Government). Basically unless the rich people, families and corporations are taxed massively to let go of some of the assets and resources then the economy won't grow, public and Government will be broke so where are these people going to get their income, dividends, debt revenue, assets from. They would have to start feeding on one another which creates a load of other issues.
@@shinkansenshinkansend8316Rubbish. You are just regurgitating propaganda like an NPC. History shows more taxes in the rich don't make the rich disappear at all.
@@shinkansenshinkansend8316 since my original reply was removed for some reason i'll try a shorter response. There is ZERO evidence that "if you go after the employment and wealth creators, they'll just withdraw from the market" would happen and it's a myth perpetuated by the media, politicians and the rich. No billionaire person or business is going to throw a strop and say "if I can only make £200million rather than £500m then I would rather make nothing and just leave". The basic math is that if a tiny percentage of people/businesses control the vast majority of assets and resources then the economy won't grow and poverty will increase and the government will become bankrupt. The basic of economics is that you need more assets and resources for the economy to grow. That can't happen if the rich won't invest their own money and expect the public and Government to fund it, taking all the risk while they reap all the profit. It can't work.
If the tories left £22bn of debt, why arent they criminally charged? How would that NOT be illegal? Get them legally punished, make an example of them that corruption is not ok.
@@bonse1 Don't get me wrong, I think it's a great idea but getting politicians to write legislation that might lead to their own arrests is obviously not an easy thing to get momentum. The outgoing Tories did a horrendous job and surely there should be many arrest to follow, but they've no doubt covered their tracks well and Labour won't have the resources to chase them for it.
@@thomashenderson3901 yeah this is true but we have the ex boss of the cps in charge, this is the team that should be able to sort out the anti corruption side of things. I'm fed up with corruption costing the main population so much. I know you can never stop it, but fighting it from the top down would certainly help. Tax dodging is the second worst thing in the country for me.
@@alwaysorange4425 I'd prefer to have none of them. It won't be any different under, and I do mean under, Labour. Blair was from the same school of thought as Thatcher and so have all the prime ministers we've had since.
Vs conservatives who literally conservate the wealth of the rich and con the working class? Parties, look no further than the Tories. Celebrating lockdown with huge parties full of booze at the tax payers cost
Guarantee he'll drag people who own crappy old council houses into paying inheritence tax, while people with multi-million pound assets will somehow escape paying more.
I think what he means, aside from all other interpretations, is a huge shower of shit is descending. Hope you have broad shoulders. Something like that He loves all this bad news. As if he could ever fix anything. Watch it all go to hell.
They are though. If you sit outside a road in London account the value of cars going by. The majority of the value is going to be SUVs that drive by not the the very rare sports car or Bentley that drives by.
- The extra £4.7 billion he mentioned was going to be spent on capital investment projects (hospitals, rail, etc). This is almost always borrowed from "new" money. Labour has cut these projects. - No mention of renters. - Says "the broadest shoulders" but only mentions nondoms and fines for water companies. No mention of wealth taxes for the ultra rich or big business. This was 20 minutes of nothing from Keir. I'll hold out hope he's avoiding mentioning my third point before the budget for fear of spooking the markets and causing a reaction but that hope is already running on fumes. Them going straight for the pensioners because they can't cut anything else off UC/benefits claimants has given a clear indication of where they're going with this.
I know how the 22 billion has gone missing? Train driver and doctors 9 billion? Isreal 6 billion?, Isreal is richer than England, by the way. Ukraine 6 billon? Foreign aid i billion? Thats 22 billion? Now Two-tier kier wants the working class far right to pay for his generosity.
We had the chance for proper change with Corbyn, we chose Brexit and Johnson, we will have to wait and see if he does a good job but I doubt it as he is part of the establishment. But I think he will be better than the last shower of shit
I don't think any of us have been enjoying the benefits of trickle down economics. If you say the wealthy left in the 70s, it didn't seem to affect the economy negatively in the 80s. Hoarded wealth benefits nobody. They already keep their funds offshore.
@@Chipchap-xu6pk It's true that the economy wasn't negatively affected in the 1980s, but this is largely due to many of the wealthy returning to the country. Michael Caine, Roger Moore, the band Queen.. all returning and paid taxes once more. 40% was reasonable, not 82%.
@@Chipchap-xu6pk It did effect the economy in 1976 we had to go to the IMF for a bail out. In 1980 the richest 1% paid 8% of all income tax in the UK, now its 28%. The rich pay a lot of tax , tax them to much they just leave.
start at home , tell all your mps they now only get paid nmw and no bonuses or expenses , the cuts do not always have to be inflicted on the poor , lets see some real change
We need to begin lawful, peaceful Tax The Rich protests that don't hinder the every day folk. France can do it, Germany can do it, why is the best the UK can do always just gluing ourselves to buildings or counter-rallies to racists?
Lots of comments about a wealth tax in the comments but lets not lose sight of the enormous tax avoidance schemes of multi-nationals or the private equity firms buying up the high street that drive down wages for the benefit of shareholders.
What he's saying is so familiar, probably to most women in the country who've been married, when the old man has messed things up so badly the wife/partner has to take over, tighten everyone's belts til things are straight after a few months and then keep everything on track, so yea, things get a lot wose before they get better, hardly a surprise. . but its worse cos its the whole country in a state...But Brexit is still the elephant in the room....
Who are the "the broadest shoulders"? Who will it "get worse" for, and by how much? Because I am sick to death of us ordinary people shouldering the biggest financial crises and burdens caused by the rich, while asset managers and private equity firms are allowed by govts to strip this nation bare. What is the "easy answer"? To tax the very rich or to pummel the poor? Because it always seems the poor are the easy target. Non-dom tax is mere tinkering and a token gesture. He'll need to do much more than that.
I hope it will be painful for the rich... AND not everyday citizens.. we've suffered this last 14 years.... THE RICH HAVENT SUFFERED AT ALL.... KIER IT'S TIME FOR THE RICH TO PAY THEIR SHARE OF TAXES!
@@johnriley9742 scrapping two child cap, scrapping tuition fees, abolishing house of lords, reintroducing freedom of movement, 28 billion green energy plan. There are others none of which i got from gbnews because you dont have to be right wing to see Starmer for the fraud he is
How about stopping CEOs of public utilities having their mega pay, bonuses & share handouts or sell offs all in their efforts to avoid paying their share of taxes. In what world does a privatised water boss deserve £8mn annual pay? How about stopping UK energy suppliers from sending profits abroad? All profits should be used in the UK to ensure the infrastructure improves, not degrades. Lastly any that break laws, commit employment offences should face the same judicial restraints as the workers would for taking what doesn't belong to them.
I have to say, as a life long labour supporter I do despair that Labour doesn’t seem to have thrown some weight into infrastructure investment. Though early days i accept and they seem to be taking a people-centric approach at the moment rather than bricks and mortar. They don’t have long though, another 12-15 months and people will want some hard details on how much longer austerity 3.0 has to last
"I won't hesitate to take the tough decision's" Hmn, now who said that a few months ago? Growth is an illusion, just like trickle down economics. How many new suits did Kier get today?
Perhaps he should have a chat with @Gary's Economics to break the cycle of ever-decreasing circular politics when trying to redress the country's economic balance and performance.
Increasing the 40% tax bracket to 44% would allow anyone earning under 30 grand to be taken out of paying income tax all together, while still generating the same tax revenue. Thats how you stimulate this magical growth starmer is relying on, free up disposable income for the people who will actually spend it.
The easy way for quick money is to legalise cannabis, tax the mega corps and the ultrarich. Why is this not being even discussed? More austerity is an ideological choice, not a necessity. Edit: Along with legalisation, pardon the people in prison on cannabis related (unless slavery, ect) sentences and free up space in the system! Two birds with one stone!
If we don't start taxing the billionaires, we need to start getting used to the fact that all our kids and grandkids will live their entire lives in poverty. Simple as that.
Is he accusing the tories of fraud "didn't know the true extent", "hid the truth..." it's the middle income people that keep this country going, and we are always the first to be hit, all the time. No signs of things getting better. Plus any wealth in my future from my parents will be taxed too so I will die poorer and there will be nothing for my children
It's really interesting how he talks about fixing the foundations, but nothing he's suggesting is radical. He says that tinkering around the edges won't do anything, but that's actually what he's doing. Unless we plan on ending capitalism (and hierarchy in general), we are not solving the root problem.
No wind just hot air and the poorest have to pay! In the meantime we will continue to claim thousands in personal expenses, just more tory crap sir kidstarver and his red tories. We need out ,Alba saor agus Alba gu bràth 🏴
What the hell have the civil servants been doing ? They are meant to be the checks and balances on all political parties. Political parties should not be able to make country wide decisions to spend more outside agreed budgets. It does not happen in business and should not happen in government. Accountability is the key here.
You don't understand how the government works or indeed how a representative parliamentary system works, or the remit of the civil service. In short the civil service are there to carry out and support the agenda of the government in power. It's the opposition in parliament as well as the upper house that provide the checks and balances. Unelected officials just do what they are mandated to do and advise as best they can. Ultimately elected officials are accountable for all outcomes. What you've just described is the equivalent of being angry that your electrician didn't stop you from running up a huge electricity bill. They are only responsible for making sure you are all wired up and working safely, you are accountable for how it's used and the consequences of that usage.
I'm a pensioner with the one lowest OAP pensions in Europe My shoulders aren't that broad but I'm having to subsidise this lot I've still got to pay for my clothing and glasses and I'm not on expenses
I once worked for the citizen's advice and the hardest part of counselling those in deep debt was always getting them to STOP SPENDING MONEY THEY DONT HAVE. Just because the rice people in society have cash doesn't make the country solvent
The reality is we live in such an equal society that it seems pointless facing up to a few years of pain in terms of getting up the workplace chain, when you see others who entered adulthood already having done more than they'll do all their life. It is a mental illness, and it's hard to face up the reality that you are a poor person.
Yeah, what idiot thought that having rhetoric instead of populism is better? Bojo's telling us what we wanted and Truss's just doing what she wants should be the benchmark! This fool setting out what he wants to do and why he wants to do it 😒 smh my head
How about taxing the power companies? How about taxing the fuel companies? How about putting real criminals in prison and release all the innocent people that have been unjustly put in prison under Starmers watch.
Talk is easy. Starmer says his government has done more in eight weeks than the Tories did in seven years. Mmmm. Well, already, as an OAP, I'm worse off, just like I was as a teenager under a Labour government. Well done, Reeves, on snatching away the winter fuel allowance.
We all know there is a tough job ahead to rebuild after 10+ years of austerity, but instead of making the case of serious rebuilding during the election and in the manifesto, they said nothing except they would stick to Tory budgets. Instantly creating a huge problem that will be impossible to build up from without alienating the entire country as soon as they came into power. Hitting ordinary people who are trying the make life work instead of the soaring and rapidly increasing wealth of the corporations and ultra-wealthy will lead to a collapse in government. Labour’s win is on very fragile numbers. Many Labour people withholding their votes as they predicted this would happen. The fragility of the power of this government, brushed away by Labour PR, is very apparent to even the most casual of observers. And next general election is likely to be even lower turnout than the last.
We haven't had anything like the austerity that the country actually needs. Borrowing is at totally unsustainable levels, and it isn't the fault of the corporations.
@@lochnessmunster1189 you conflate two very different things. Growth is the key to the countries problems and with it increased economic activity, richer towns and cites leading to stronger societies with people more able to look after themselves and ultimately sharp increase in tax take is the path. Underpinning this is government infrastructure and capital spend projects targeting economic growth and support to businesses through a clear and sustainable industrial strategy. Austerity is the opposite of this and the principle reason of 16 years of decline.
Any volunteers, Tories? No, you cannot refer us to an ongoing investigation and you cannot decline to respond, claiming that it wouldn't be appropriate for you to make your case. Grant? Therese? Jacob? Liz? Kwasi? Rishi? Jeremy? Boris? Anyone? No?
I gladly voted labour as I hated the tories. But it feels like it’s the pensioners are paying an unfair burden on the cancelled winter fuel allowance , when gas is going up again in NOV 25. So pensioners are paying twice when no one else is being burdened by the government
You say this like there was ever any possibility of him not being a tory with different branding. Despite everything he actually said and did as leader.
October will prove if we really voted for a Labour goverment and if Starmer is true to his word, Tax those with the widest shoulders and leave the not so welll off alone?. After Starmer has his growth and he has made some well paid jobs, What happens to those left working in a low paid job.
Where does 'not well off' transition to 'widest shoulders' though? 40k a year but in loads of debt? 60k a year, but the Mrs doesn't work because she's disabled? 80k a year, but the mortgage just went up 50%? Total household incomes above six figures is where I think the line should be drawn, but we know it won't be - it'll be homeowners, pensioners with savings and people (most only just) paying 40% income tax that get hammered. And, just as the Tories threw 'red meat' to their supporters, so too will Labour. And all the clueless students and jobless who voted them in will cheer, blinded by their jealousy at what they THINK is 'rich' people paying their fair share. Meanwhile, the actually rich people will continue being spared and will laugh at EVERYONE!
What about raising VAT on used and new motor vehicles ??? Unfortunately the motoring industry is central to the UK economy and until this ceases to be so nothing any chancellor can do will have any major impact on day to day financial affairs Even the Boris Bikes initiative failed to shift emphasis from car driving and even though most cities have pedestrianised town centres the urban environment is still entirely dominated by cars
LOL I'll believe it when I see it. Austerity was put in place to get the middle-class through the 2008 financial crisis, by slashing spending on things the poor benefit most from. There was no cost of living crisis until it started affecting the middle-class. After over a decade, they finally began to feel how the poor had been affected for all the time they had been doing pretty well. Now, we're expected to believe that Starmer is going to make the wealthy pay their fair share? We'll see. There's no more money to be saved by hammering the poor. There's plenty more the middle-class can contribute, so they might have to. As for the wealthy ... Starmer got elected by refusing to frighten the Tory horses. If he starts now, it'll be a surprise - and long overdue.
