The first cut is the deepest

[noseall]

TAX THE RICH, TAX THE RICH, TAX THE RICH!!!

Hear, hear!

 

[MNW67]

I had thought we were an outlier when it came to welfare spending. But this chart shows other countries are similar or worse. I appreciate some have very different systems, so it is often difficult to compare. Nevertheless, I found it interesting as a basic starting point for discussion. Also, I have just noticed that it is a bit out of date:

 

[Odds]

 

[Murdochcat]

I'm sure the venom would only subside if the government announced plans to tax 'the rich' at 99p in the pound for any savings/investments they have over a million.

And the rich would exit the UK in greater numbers.

 

[diy_fun_uk]

How do you think YOU are going to achieve this then?

This is how they want to achieve it.

Oh so you're rich are you?
Ok here's the plan.
Anything you hold in savings or investments over a million you don't need. No one needs more than that, it's obscene.
So we'll take that from you. Every single penny.
Where will it be spent you ask?
Oh, on those who don't want to work of course. Silly you asking a question like that.

 

[gas112]

the wealth of the richest has almost doubled since 2019

thats where the cuts need to be made

Perhaps they need to start by taking peoples excess premium bonds off them

 

[Odds]

And the rich would exit the UK in greater numbers.

or find more ways to creatively hide it away offshore...which they already do any road. If a government came in to plug those holes and actively fund a means to secure a living wage without recourse to the necessity for a welfare top up, then we'd get somewhere.

 

[Murdochcat]

or find more ways to creatively hide it away offshore...which they already do any road. If a government came in to plug those holes and actively fund a means to secure a living wage without recourse to the necessity for a welfare top up, then we'd get somewhere.

My rich BIL moved a lot of money off shore a few years ago, they won’t go abroad as they have 6 grand children here now

 

[diy_fun_uk]

Let's face it, we could tax 'the rich' more and yes, it might increase the tax take by a few billion. However, it still wouldn't touch the proverbial sides.

 

[Mottie]

Too much uncertainty and a loss of confidence all round with the high probability of more cuts in spending and tax rises to come.

Even the BoE says there’s "uncertainty".

Bank of England holds interest rates at 4.5% as governor warns of uncertainty

Andrew Bailey says "there's a lot of uncertainty at the moment", but interest rates remain on a "gradually declining path".

www.bbc.co.uk

 

[noseall]

Let's face it, we could tax 'the rich' more

It would be nice to see the likes if Amazon paying their bit, rather than claiming all their UK profits were actually generated in Belize.

 

[Koolpc]

How soon before Notchy mentions Trump guys?

 

[motorbiking]

or find more ways to creatively hide it away offshore...which they already do any road. If a government came in to plug those holes and actively fund a means to secure a living wage without recourse to the necessity for a welfare top up, then we'd get somewhere.

More job losses then.

 

[motorbiking]

It would be nice to see the likes if Amazon paying their bit, rather than claiming all their UK profits were actually generated in Belize.

Luxembourg

 

[motorbiking]

Amazon UK pays corporation tax for first time since 2020

End of ‘super-deduction’ means Amazon UK Services paid £18.7m last year, as British arm raked in sales of £27bn

www.theguardian.com