General Election

[BillyStubbsTears]

Remember, he called the most catastrophic budget in a century "the best for a generation". That's how much he cares or knows about economics. And the RefUK budget would be like that on steroids.

Yet people in here are going to vote for him, while insisting that Labour can't be trusted to keep their word.

We are totally through the looking glass.

[ncRover]

I am surprised nobody has mentioned this.

Reform's promises are looking incredibly unrealistic. Perhaps journalists should stop asking Farage about something he is strong on (immigration) and start to question him on the costing of his manifesto. If those voting for him are interested.

https://www.drfc-vsc.co.uk/index.php?topic=291466.msg1323177#msg1323177

That's Farage's strategy.

Lie, but lie with great confidence. And assume that half of those who support you are too thick to realise you're lying and the other half knows you are but will still support you anyway.

Good insight.

20% of reform voters on here please explain / justify this.

[danumdon]

Sounds like an interest rate cut will be coming in August. Lucky Starmer!

Yep just in time to soften the blow that will be coming after Labour start to help themselves to your savings and investments.

Im just waiting for the bombshell that will explode in a great many households when they realise that Labour's manifesto commitments that look nice and controlled, morph into huge revaluations of council tax, reduced pensions freedoms, limits on your isa's savings and an absolute kidnapping if you have the temerity to sell your house that may have gained a few quid in value.

Its going to be this sly and underhanded approach that will really hit home to a great many who have been sensible with their finances.

If your in a position, get out of dodge before they absolutely fleece us all.

[Bristol Red Rover]

Come on, capital gains is not for your average homeowner, you know that. Basic BS there.

Seems you're unable to check your own "facts". Here's a random link. Go make a cuppa tea, read, relax, and give your maid a tip.

https://moneyweek.com/economy/general-election/will-capital-gains-tax-rise-after-the-general-election#:~:text=On%20the%20other%20hand%2C%20Labour,revenue%20to%20fund%20its%20policies.

[BillyStubbsTears]

Sounds like an interest rate cut will be coming in August. Lucky Starmer!

Yep just in time to soften the blow that will be coming after Labour start to help themselves to your savings and investments.

Im just waiting for the bombshell that will explode in a great many households when they realise that Labour's manifesto commitments that look nice and controlled, morph into huge revaluations of council tax, reduced pensions freedoms, limits on your isa's savings and an absolute kidnapping if you have the temerity to sell your house that may have gained a few quid in value.

Its going to be this sly and underhanded approach that will really hit home to a great many who have been sensible with their finances.

If your in a position, get out of dodge before they absolutely fleece us all.

Whereas everything has been hunky dory this last decade and a half?

[BillyStubbsTears]

This thing about Tories close to Sunak betting on the election date.

Apart from it being illegal.

And immoral.

How f**king stupid must they be to have thought they'd get away with it?

These are the best the Tories can put forward. Thick as mince criminals.

[Bristol Red Rover]

Jeez, some of the self centred perspectives on here show how blissfully obsequious people have become. For one, Labour, and more so the Tories and Reform, are shamelessly for shifting wealth to the rich. DD is fearful, blindly so, that this will be worse with Labour.

Secondly, we all benefit from greater equality. Capitalism, as it is, skews to the wealthy disproportionately. This creates a spiral of ever increasing poverty. And then there is the discontent with that to pay for - benefits, violence, crime, and the health effects which are massive - all a direct result of blind "me, me, me". You're all gonna die folks, what's wrong with a happy, cooperative, productive, caring, life meanwhile?

[ncRover]

spiral of ever increasing poverty. And then there is the discontent with that to pay for - benefits, violence, crime, and the health effects which are massive

Sounds like socialist Venezuela.

If you have any research studies that show socialism has greater long-term outcomes for poor people than capitalism then please, be my guest.

[BillyStubbsTears]

What the hell is this?

https://x.com/conservatives/status/1803364858022281700?s=46

I've been thinking what it is about this that is so offensive.

Apart from playing politics with national security at such a dangerous time, I'll tell you what is so awful about it.


The Labour Defence Secretary will be John Healey. He's widely seen as one of the very best of his generation of MPs. (Ironic that my birthplace will be represented by someone of his stature after 5 years of having that waste of skin, Fletcher.)

He's committed a Labour run Britain to being rigourously supportive of NATO, and standing up against Xi and Putin.

He's absolutely committed to the need to re-equip and rearm our forces.

More than that, he's an intellect who understands some of the strategic inefficiencies of MoD, and who has written detailed discussions of what needs improving (which have very much impressed the military top brass).

And...err... he'll be replacing Grant Shapps.

And Sunak's team try to denigate Labour as being untrustworthy on national security. While they give the job to a pyramid scheme salesman.

[danumdon]

Come on, capital gains is not for your average homeowner, you know that. Basic BS there.

Whats an average homeowner?

After the CGT has been harmonised with income tax it will become a different story 

Sounds like an interest rate cut will be coming in August. Lucky Starmer!

Yep just in time to soften the blow that will be coming after Labour start to help themselves to your savings and investments.

Im just waiting for the bombshell that will explode in a great many households when they realise that Labour's manifesto commitments that look nice and controlled, morph into huge revaluations of council tax, reduced pensions freedoms, limits on your isa's savings and an absolute kidnapping if you have the temerity to sell your house that may have gained a few quid in value.

Its going to be this sly and underhanded approach that will really hit home to a great many who have been sensible with their finances.

If your in a position, get out of dodge before they absolutely fleece us all.

Whereas everything has been hunky dory this last decade and a half?

These you go folks, Mr Stubbs thinks because we have just had to endure a crappy decade we deserve another one from a different colour but same flavour of deceit and maladministration.

Its going to be the vast swaths of voters who have put their hopes into Starmer after being left disenfranchised with no viable option to vote for that will be the ones screaming blue murder when they realise what Starmer has in store for them.

Of course by that stage it will be too late and the damage will be done.

If you happen to be someone who works hard, saves for the future and brought yourself a nice house because you wanted to, look out, you will be earmarked to not only pay your fair share but plenty on top to facilitate a government who will be determined to ensure that YOU will be paying for their largess.

[Bristol Red Rover]

spiral of ever increasing poverty. And then there is the discontent with that to pay for - benefits, violence, crime, and the health effects which are massive

Sounds like socialist Venezuela.

If you have any research studies that show socialism has greater long-term outcomes for poor people than capitalism then please, be my guest.

You completely missed the point and gut reacted. The point there is that capitalist systems survive on subordination and selfishness, divided and ruled. State capitalism or otherwise, just the same, ruled by gangsters.

[Bristol Red Rover]

Come on, capital gains is not for your average homeowner, you know that. Basic BS there.

Whats an average homeowner?

Come on... It's someone living in their home. As opposed to someone buying to let, or having a holiday home, or building a portfolio of properties. Are you pitying them? Either way, why be lying about this?

[BillyStubbsTears]

DD.

How much do you want to bet that CGT on house sales will not be introduced for people whose dwelling place is anything remotely close to the average price?

Your call. 

You keep up this constant stream of moaning about things you expect to happen. Walk the walk then.

[danumdon]

Come on, capital gains is not for your average homeowner, you know that. Basic BS there.

Whats an average homeowner?

Come on... It's someone living in their home. As opposed to someone buying to let, or having a holiday home, or building a portfolio of properties. Are you pitying them? Either way, why be lying about this?

I know people who became disillusioned with getting their pensions savings fleeced from every type of government that decided to invest their pensions savings into BTL instead to tide them over when reaching retirement.

These are just ordinary people who just happened to invest their pensions into BTL, are we to castigate these people because they took the chance and oppertunity to look after themselves?

Its a bit of  misnomer to talk about average homeowners.

[danumdon]

DD.

How much do you want to bet that CGT on house sales will not be introduced for people whose dwelling place is anything remotely close to the average price?

Your call. 

You keep up this constant stream of moaning about things you expect to happen. Walk the walk then.

BST, will you along with the vast majority of voters be happy to see a substantial increase in the amount of tax's you will be paying if after the event you notice nothing has been improved ?

Are we all going to be expected to keep pouring more cash into bottomless pits for no discernable improvements?

[BillyStubbsTears]

This thing about Tories close to Sunak betting on the election date.

Apart from it being illegal.

And immoral.

How f**king stupid must they be to have thought they'd get away with it?

These are the best the Tories can put forward. Thick as mince criminals.

Ooh, eh up. This gets worse by the minute.

https://x.com/xtophercook/status/1803808084747264108

That is a graph from Betfair of hour-by-hour value of bets on a July election just before Sunak announced it.

Ignore the big spike on the right. That was normal punters piling in once the rumours got out early on 22 May.

The interesting thing is those bets on 21st May, totting up to several £k being lumped on when no-one outside Sunak's team had any inkling that they were planning this surprise announcement.

It's not "just" being a couple of people sticking £100 on, illegal though that would be. It looks like there's been a string of bets totting up to several grand.

What an appropriate epitaph for a bunch of barrow boys and spivs.

[BillyStubbsTears]

DD.

How much do you want to bet that CGT on house sales will not be introduced for people whose dwelling place is anything remotely close to the average price?

Your call. 

You keep up this constant stream of moaning about things you expect to happen. Walk the walk then.

BST, will you along with the vast majority of voters be happy to see a substantial increase in the amount of tax's you will be paying if after the event you notice nothing has been improved ?

Are we all going to be expected to keep pouring more cash into bottomless pits for no discernable improvements?

Do you accept that

a) public services improved beyond recognition under the last Labour Govt

And

b) Taxes did not go up dramatically?

If you don't, I'd love to hear why not.

If you do, why do you think Labour would be so bad this time?

What's happened is that we've had quite spectacular economic mismanagement from the Tories, resulting in the highest taxes since the War and a collapse of public services.

And all you can do is complain about things that the incoming Labour Govt absolutely will not do.

I'll ask again since you raised the issue.

Will you put your money where your mouth is on the subject of CGT on dwellings?

YOU raised that point. Address it or stop whining.

[Bristol Red Rover]

Come on, capital gains is not for your average homeowner, you know that. Basic BS there.

Whats an average homeowner?

Come on... It's someone living in their home. As opposed to someone buying to let, or having a holiday home, or building a portfolio of properties. Are you pitying them? Either way, why be lying about this?

I know people who became disillusioned with getting their pensions savings fleeced from every type of government that decided to invest their pensions savings into BTL instead to tide them over when reaching retirement.

These are just ordinary people who just happened to invest their pensions into BTL, are we to castigate these people because they took the chance and oppertunity to look after themselves?

Its a bit of  misnomer to talk about average homeowners.

So you agree, not average homeowners, but investors. Investing always caries a risk. The bottom line is those houses can be sold. No great loss if they do, or they can hold onto them in which case there is no CGT. I really don't see a problem. It does however even up the tax burden between those working and those investing - at least at the point of sale.

[TonySoprano]

Sounds like an interest rate cut will be coming in August. Lucky Starmer!

Yep just in time to soften the blow that will be coming after Labour start to help themselves to your savings and investments.

Im just waiting for the bombshell that will explode in a great many households when they realise that Labour's manifesto commitments that look nice and controlled, morph into huge revaluations of council tax, reduced pensions freedoms, limits on your isa's savings and an absolute kidnapping if you have the temerity to sell your house that may have gained a few quid in value.

Its going to be this sly and underhanded approach that will really hit home to a great many who have been sensible with their finances.

If your in a position, get out of dodge before they absolutely fleece us all.

10000%

Work hard?  have ambition? Own your own home? Want to help your kids financially? have savings? Have a private pension?
Then labour are absolutely NOT the party you should be voting for.

[TonySoprano]

Sounds like an interest rate cut will be coming in August. Lucky Starmer!

Yep just in time to soften the blow that will be coming after Labour start to help themselves to your savings and investments.

Im just waiting for the bombshell that will explode in a great many households when they realise that Labour's manifesto commitments that look nice and controlled, morph into huge revaluations of council tax, reduced pensions freedoms, limits on your isa's savings and an absolute kidnapping if you have the temerity to sell your house that may have gained a few quid in value.

Its going to be this sly and underhanded approach that will really hit home to a great many who have been sensible with their finances.

If your in a position, get out of dodge before they absolutely fleece us all.

Whereas everything has been hunky dory this last decade and a half?

Vastly better than the way things are heading under a labour government.

[Bristol Red Rover]

Explain to me TS, which proposed or likely Labour tax policy will penalise people owning their own home?

[TonySoprano]

Explain to me TS, which proposed or likely Labour tax policy will penalise people owning their own home?

Buying a house ? TAXED
Selling a house after its risen in value? TAXED
Worked hard and bought a house deemed too big? MANSION TAX
gift to kids to help them to buy. TAXED.

Labour just want to tax everyone into oblivion so that everyone is poor.

[Sprotyrover]

DD.

How much do you want to bet that CGT on house sales will not be introduced for people whose dwelling place is anything remotely close to the average price?

Your call. 

You keep up this constant stream of moaning about things you expect to happen. Walk the walk then.

BST, will you along with the vast majority of voters be happy to see a substantial increase in the amount of tax's you will be paying if after the event you notice nothing has been improved ?

Are we all going to be expected to keep pouring more cash into bottomless pits for no discernable improvements?

Do you accept that

a) public services improved beyond recognition under the last Labour Govt

And

b) Taxes did not go up dramatically?

If you don't, I'd love to hear why not.

If you do, why do you think Labour would be so bad this time?

What's happened is that we've had quite spectacular economic mismanagement from the Tories, resulting in the highest taxes since the War and a collapse of public services.

And all you can do is complain about things that the incoming Labour Govt absolutely will not do.

I'll ask again since you raised the issue.

Will you put your money where your mouth is on the subject of CGT on dwellings?

YOU raised that point. Address it or stop whining.

You monger! Taxes did not go up because Brown Bottom raided the massive Pension funds, including the Mineworkers pension fund then plundered our Gold reserves selling them off at a loss of £21 Billions by todays standards, rode in on the back of a Conservative Government and squandered and plundered with Largesse!

[Bristol Red Rover]

Mansion tax seems to be something that occurs on the very rich. And happens under the Tories. As you understand, a tax on very high wealth is a progressive tax, one based on ability to pay at the very high end. A positive thing no?

As for the CGT you insinuate, that is not on homes being lived in but on money making schemes. Simply making that equitable with income tax. Makes sense I think. After the people that are paying can easily afford it, so your last sentence doesn't add up.

[BillyStubbsTears]

Christ alive this grunting by old men about Browns Bottom.

It was worth about 0.75% of GDP.

Once.

Austerity cost us at least £1trn in lost output. And we never, ever recovered from it.

It's like obsessing about a pinprick 30 years ago and ignoring the fact that your house has burnt down since.


Plus, f**king well grown up and stop using words like "monger". The 1970s were a long time ago.

[BillyStubbsTears]

Explain to me TS, which proposed or likely Labour tax policy will penalise people owning their own home?

Buying a house ? TAXED
Selling a house after its risen in value? TAXED
Worked hard and bought a house deemed too big? MANSION TAX
gift to kids to help them to buy. TAXED.

Labour just want to tax everyone into oblivion so that everyone is poor.

Apart from stamp duty on buying a house, every single other thing you say is incorrect.

So full of anger and no f**king idea why.

[South West Rover]

Whichever way you vote, it doesn't matter.  There is no real vision or game plan from any part of the political spectrum.  All the party leaders must be reading from Southgate's play book.  Politics and football are p**s poor at the moment. Roll on the start of the new season...

[danumdon]

What's really going to get up peoples noses is the total disregard towards people who stand on their own feet and pay their own way.

Everyone agrees that their needs to be some semblance of balance in how the funds for these schemes are constructed.

What i don't like is that the squeezed middle will be the ones left paying for it all again. You know the ones who keep their heads down, get up in a morning and are productive for themselves and the economy overall, pay their way through life, never qualify for any giveaways (as if they ever wanted a handout) and generally put the hard yards in and for what?

Governments of all persuasions being very willing to squander this plunder they have managed to extract from them. Its the realisation that if we don't manage to squeeze through this little rouse then we will manage to get you in another manner.

Whatever happens these people are going to be the looser's, and for what?

What will they do when people finally say enough, and ensure they protect themselves and their families from increasingly greedy governments who just cannot wait to squander YOUR tax money.

I had no confidence in the last lot of looser's and i certainly have absolutely no confidence in a Starmer government being any more successful.

Time will no doubt tell but the optics already don't look right.

Beware a wolf in a sheep's clothing.

[danumdon]

Whichever way you vote, it doesn't matter.  There is no real vision or game plan from any part of the political spectrum.  All the party leaders must be reading from Southgate's play book.  Politics and football are p**s poor at the moment. Roll on the start of the new season...

The analogy is dead right, a country that should be cruising with the wealth of knowledge, enterprise and ingenuity being wasted and run into the ground with management by imbeciles.

[BillyStubbsTears]

So DD.

That CGT thing?