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I don’t disagree but she is offering a simple populist solution. It won’t matter if it works if all the Labour Party are offering is the status quo.Quote:
Originally Posted by Jones28
9 months in and I can’t think of a single thing they have done that will improve people’s lives day to day.
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Maybe we should give her a go at running the economy or even the entire country?Quote:
Originally Posted by cabbageandribs1875
She really seems to know what she is talking about and clearly wouldn't have got us into the mess we are apparently in now if she'd been at the wheel earlier.
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I don't disagree with that. What I disagree with is the idea that anything this woman says should be taken seriously. I find it staggering she still has a platform anywhere, people give her money to speak to them. Why? She is totally inept and is almost single handedly responsible for tanking the economy.Quote:
Originally Posted by Ozyhibby
With regards to Labour, I didn't vote for them and don't plan to at the Scottish elections but they're in the process of turning an oil tanker around. It will be interesting to see where we are in a years time.
You say they are turning round an oil tanker? Have they even found the wheel yet? I’d have expected them to have started by now.Quote:
Originally Posted by Jones28
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It's a slow process is all I'm saying. I don't think we understand how deeply damaging 14 years of Conservative rule has been.Quote:
Originally Posted by Ozyhibby
Like I say, in a years time I'll look again. Nothing they've done so far has had a direct, negative effect on me. I don't mean to be an "I'm alright, Jack" type of statement, just that time is a factor. I'm listening to LBC and they're discussing benefit reform impacting budgets but not until 2029.
The Torys have been in power my whole voting life and I'm just relieved that they're out for now and I can give Labour some time before I start crucifying them.
Taxing wealth is the only way out of this. Wealth has accumulated with the super rich at the fastest rate the planet has ever seen. Cutting benefits for people at the bottom is frankly, pathetic. As much as we need to encourage people to work, what is the point in working? Seriously, what is the point in getting out of bed for peanuts? Not everyone can be a high achiever or a high earner, so what about the people that are earning a pittance? What have they got to look forward to? A life of servitude until lunchtime the day of their funeral, that's what. Tax wealth fairly, build houses, that's a start.
If you paid a quid, £1 in tax this year, then you paid more tax than the King did on his inhereted £10 billion. Only the Greens support a wealth tax, hopefully another party either takes that on or another new party emerges that supports a wealth tax. Politics needs to change. These red and blue parties are from a bygone age and should adapt, or die with these bygone values that have no place in a modern society.
It is less than 12 months but I mean there are plenty of things they have done.Quote:
Originally Posted by Ozyhibby
Ending the long running NHS strikes
Raising the minimum wage for low paid workers
The Employment Rights Bill strengthing workers rights
Restored NHS funding back to it's highest level since 2010
Record block grant settlement for Scotland
Launching housing and planning reforms
Public transport changes and £1BN to local buses with aim to cap fares at £3
£11.8BN to victims of the infected blood scandal
Billions to Ukraine
£500M to fix potholes
And there is more I could list but you get the point. As the previous poster said come back in 12-18 months as these things take time. And also the Scottish Parliament has control over many of the day to day things that will make a difference to peoples lives like the NHS and education and transport etc. It's not been without challenges but to suggest nothing has been done is just not the case when you look at the evidence.
I'll add in NHS waiting lists in England have decreased every month for the last 5 months.Quote:
Originally Posted by jamie_1875
It's a bit much to ask for some actual socialism from Starmers Labour, that just isn't going to happen but they haven't done nothing.
3billion to Thames Water yesterday but I doubt that's a good thing.
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Working is also good for your mental health and the knock on impacts are it potentially reduces the strain on the NHS and so on, there are non monetary benefits to working.Quote:
Originally Posted by The_Exile
As for the Wealth Tax then it always comes up but is always lacking in any kind of detail. For example someone has shares in a private unlisted company, who values those shares and on what basis? What if they are held in some offshore trust so the ownership is actually really difficult to determine. Do we employ a whole new department in HMRC whose only job is to investigate this stuff, how would they come up with a fair valuation? What if someone has an art collection, how is that being valued and again who is agreeing a fair valuation, is HMRC now having to employ art specialists? If you have a large pension that's invested then the value changes daily, imagine if you owned Tesla shares a few months ago, they are worth less than half of what they were worth.
Maybe the costs will outweigh the benefits and it should be looked at but it it's one of those thing's that sounds great in theory but I have struggled to see any workable solutions with sufficient details, it looks like a very inefficient way of collecting tax from those that can probably afford the best lawyers and advisors to make it as difficult as possible.
Edit - does it work anywhere else? A model we can copy?
You're also forgetting the fundamental issue of a Wealth Tax. How do you get cash out of someone whose wealth is based on non-cash assets?Quote:
Originally Posted by jamie_1875
Wouldn't it be assumed that some of the non-cash assets would have to be turned in to cash, as already happens, sometimes, in the collection of that existing wealth tax, IHT?Quote:
Originally Posted by CropleyWasGod
Perhaps, but that's a slippery slope in itself.Quote:
Originally Posted by lapsedhibee
You sell the (income-producing) shares or property to pay the Wealth Tax. That means that you have less income the following year, hence less tax.
Has the Wealth Tax collection been enough to cover the loss of Income/Corporation Tax?
Let's hope all the new sojers that a Wealth Tax would be designed to fund are well enough paid to be contributing loadsnloads of new IT.Quote:
Originally Posted by CropleyWasGod
Look, all I really want to know is will there be blue tents?Quote:
Originally Posted by CropleyWasGod
Removed winter fuel allowance for pensionersQuote:
Originally Posted by jamie_1875
U turned on WASPI women
Done nothing to reduce fuel costs for everyone despite promising £300 reduction
Wealth taxes are difficult but not impossible. Trick is likely to keep the percentage low. Spain, France and Norway all have one although slightly different.Quote:
Originally Posted by CropleyWasGod
The huge rise in asset prices since 2008 means that it needs to be done though or we are heading for trouble.
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https://www.theguardian.com/world/20...rises-slightly
"A record number of super-rich Norwegians are abandoning Norway for low-tax countries after the centre-left government increased wealth taxes to 1.1%.
More than 30 Norwegian billionaires and multimillionaires left Norway in 2022, according to research by the newspaper Dagens Naeringsliv. This was more than the total number of super-rich people who left the country during the previous 13 years, it added. Even more super-rich individuals are expected to leave this year because of the increase in wealth tax in November, costing the government tens of millions in lost tax receipts"
A level below 1% would be favourable.Quote:
Originally Posted by jamie_1875
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The truth about Norways wealth taxQuote:
Originally Posted by jamie_1875
Wealth taxes
Individuals pay both municipal wealth tax and state wealth tax.
The municipal wealth tax rate is 0.525% and is calculated based on global assets exceeding a net threshold of NOK 1,760,000 for single/not married taxpayers and NOK 3,520,000 for spouses.
The state wealth tax rate is 0.475% and is calculated based on assets exceeding a net capital tax basis of NOK 1,760,000 for single/not married taxpayers and NOK 3,520,000 for spouses. For net wealth in excess of NOK 20,700,000, the rate is 0,575%.
Thus, the maximum wealth tax rate is 1.1%.
That is for those who are worth over £1.5m
Happy to help. 😉
What do you mean the truth? The truth is they have lost tax revenue as a result.Quote:
Originally Posted by Moulin Yarns
"In 2022 Norway increased wealth tax to 1.1%, expected to bring in an additional $146M annual tax revenue.
Individuals with a net worth of $54B left the country, led to a $594M loss in annaul tax revenue.
A net decrease of $448M+"
What did you mean by the truth? Was the Guardian article incorrect, if so where?
https://www.brusselsreport.eu/2024/09/11/the-failure-of-norways-wealth-tax-hike-as-a-warning-signal/
The arithmetic is wrong :wink:Quote:
Originally Posted by jamie_1875
It's a net decrease of $740m
At one point in the second half of the 20thC you couldn't take all your wealth out of the UK. Perhaps Norway could introduce something similar? :dunno:Quote:
Originally Posted by jamie_1875
Norway's tax laws are similar to the UK's, in that there is a general principle that residents are taxed on their worldwide income, no matter where that income originates.Quote:
Originally Posted by lapsedhibee
Land is the big one as it can’t be moved. Tax land at 1% and other assets at 0.5%. UK could do with a move away from land as a store of wealth anyway.
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I did copy and paste, I blame the author! But it's worse then in terms of lost tax revenue.Quote:
Originally Posted by CropleyWasGod
Presumably the fleeing billionaires are no longer Norwegian residents though, so they would escape that?Quote:
Originally Posted by CropleyWasGod
If they get something that basic wrong, it casts doubt on everything else they claim.Quote:
Originally Posted by jamie_1875
I'd be interested in seeing whether anyone else on that thread (I don't do X) called them out on that, and what their response was.
I'd expect so :agree:Quote:
Originally Posted by lapsedhibee
This is bollocks. Even if we assumed (a crazy assumption but bear with me) that all the expected additional tax revenue was to come from those few who left the country, it would mean that they left the country due to a tax of 0.27% of their net assets.Quote:
Originally Posted by jamie_1875
Personally I wouldn't want such mean spirited people in my country.
It's a selfishness I'll never understand.Quote:
Originally Posted by grunt
Which is probably why I'll never be motivated by money.
You have to assume the selfishness when planning and remember that there are massive positives for these people in living in a safe stable place which protects individual property rights like Norway. Or the UK.Quote:
Originally Posted by grunt
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Quote:
Originally Posted by grunt
One billionaire quoted as 'having no choice' but to move to Switzerland, the poor lamb.Quote:
Originally Posted by Jones28
You have to feel sorry for him/ her. Those who have to choose between food or heat have it easyQuote:
Originally Posted by lapsedhibee
https://www.skatteetaten.no/en/rates/wealth-tax/
The way that the Norwegian wealth tax is calculated. One for the accountants.
The 1.1% is on assets exceeding 1.5m as I read it.
What is it we're talking about here? Income tax or wealth tax? If you've got a British asset that generates money for you then you pay tax on that to the UK, regardless of where you live surely? Can you imagine someone having a Chinese asset and when China comes calling for their tax revenue and the person goes "oh Sorry Xi, I live in Switzerland now so I won't be paying". How would that go for them?
This seems relevant
https://yorkshirebylines.co.uk/polit...r-the-country/
More taxes? Yes please! Patriotic Millionaires want to do more for the country
It’s not the millionaires who are the problemQuote:
Originally Posted by grunt
UK tax law has it that a UK resident is liable for the tax due on their worldwide income. Norway has the same, as mentioned above, as do many other countries.Quote:
Originally Posted by The_Exile
So, if you, as a UK resident, have an apartment in downtown Shanghai that you rent out, you are due UK tax on it. There are mechanisms in place to make sure that you don't pay tax twice, but the basic principle remains. Unless China deducts tax at source from rental income, the tax is payable in the UK.
Shame. I hope they overheat their swimming pool and get their baws burnt.Quote:
Originally Posted by lapsedhibee
"Nothing is more Badenoch than holding a press conference and then complaining that people are asking you questions." :greengrin
https://cdn.bsky.app/img/feed_thumbn...mdhytbioy@jpeg
awk last weeks news but just another case of Tory corruption, investigated for the 3rd time, how long does it take to jail him/them the ******DS Tory peer investigated for third time by Lords watchdog over ‘VIP lane’ contracts | House of Lords | The Guardian
carol vorderman from November over 1,000,000 pallets of useless PPE destroyed, 8/9 Billion pounds worth, but i bet the ******g money wasn't returned Carol Vorderman on X: "The Tory PPE Scandals continue 1,049,700 PALLETS of useless PPE have now been destroyed (about £8/9 BILLION) WTAF And not a single person or politician has been charged with corruption or waste of our public money Our system is …… ��������" / X probably a small line in the Tory-owned press for a day then forgotten about
Different rules simple as. Not corrupt at all. Can remember Britain used to patronisingly scoff at other countries corruption. Absolutely no longerQuote:
Originally Posted by cabbageandribs1875
The only half decent Scottish Tory, Jamie Greene, has quit describing Russell Findlay as Trump-esque and in a grotesque dance with Farage. Not sure what took him so long to realise that.
In days gone by, Scottish Tories were generally to the left of their English colleagues. They usually came across as decent people, with views that resonated with a lot of Scots.Quote:
Originally Posted by Hiber-nation
Greene is in that mould. Sadly, I can't see a party home for him in the current climate, and he may be lost to mainstream politics.
Labour Party?[emoji6]Quote:
Originally Posted by CropleyWasGod
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:greengrinQuote:
Originally Posted by Ozyhibby
Turned up at the Lib Dems.Quote:
Originally Posted by CropleyWasGod
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What a snake :greengrinQuote:
Originally Posted by Ozyhibby
Quote:
Originally Posted by JimBHibees
meet the newest Lord
Lord Gove of Dodgeville
https://pbs.twimg.com/media/GoNsvIeX...name=4096x4096
What a surprise. This outgoing Prime Minister honours list thing can get right to ****. I'm sure Sir James Cleverly and Lord Alister Jack wouldn't agree with me :rolleyes:Quote:
Originally Posted by cabbageandribs1875
You’re quite mistaken because Labour are getting rid of the House of Lords so this can’t be happening. [emoji849]Quote:
Originally Posted by McSwanky
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Aren't they just [emoji1781]Quote:
Originally Posted by Ozyhibby
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Collateral damage having to see all these horrible Tories sneaking/slithering into the lords for generations when you were the incoming leader who was pledged to putting an end to this shameful expensive institution.Quote:
Originally Posted by Ozyhibby
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This is what Labour are doing!
https://cdn.bsky.app/img/feed_thumbn...glrwds6k4@jpeg
https://www.telegraph.co.uk/money/ea...e-school-fees/
Edit to add this link to a stock photo: Could this whole story be a complete lie? Are newspapers allowed to fabricate stories?
https://www.shutterstock.com/image-p...side-177006692
Has the story been deleted? I just get the Telegraph home page when I follow your link.Quote:
Originally Posted by grunt
Internet Archive has a saved version here: https://web.archive.org/web/20250525...e-school-fees/
It's not the school fees, it's the gardener that's the issue:-Quote:
Originally Posted by nonshinyfinish
“The gardener used to come twice a month, but then he increased his costs from £230 a year to £245 a year. We only have him come once every other month now.”
:rolleyes:
They should publish the gardener's name. At those rates, they'll get plenty of business. (realise it's probably a typo)
Douglas Ross given the red card at Holyrood today, sent packing by the presiding officer 🤣
And no surprise that the BBC website headline is "Tories in Bias Claim".Quote:
Originally Posted by Moulin Yarns
He is an odious creep, my late auntie would have taken great pleasure in calling him a wee sweetie wife.
Shock shambles of an organisationQuote:
Originally Posted by Hiber-nation
Murdo Fraser on possible tourist levy.
"Visit Scotland tell me number of visitors from the UK to Scotland has fallen. One reason could be high VAT rate in Scotland compared to other countries"
Let that sink in.
The VAT charged on hotels in the UK, so Scotland is included, is high compared to other countries, only Denmark is higher in Europe so adding a tourist levy makes it even more expensive to stay in Scotland, so was that his point? Hence lower visitor numbers? What's so bad about that? Other than him being Murdo Fraser of course.Quote:
Originally Posted by Moulin Yarns
It’s a common concern on here how few tourists we have in Edinburgh. People are still coming to Scotland and I suspect overall visitor numbers are up or Murdo would not have been specific about visitors from the UK.Quote:
Originally Posted by jamie_1875
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Will the Tories even exist in a couple of years? All the rats will abandon ship to reform
Quote:
Originally Posted by Moulin Yarns
What's bad is that VAT is set by the UK Government, a Government run by Murdo's colleagues for 14 of the last 15 years. So he's responsoble for the "high VAT rate". And his description of the "high VAT rate in Scotland" implies that it's something Scotland has control over, when he knows full well - as do you - that VAT is reserved to the UK Government. That's what's bad about his comments.Quote:
Originally Posted by jamie_1875
Spot on.Quote:
Originally Posted by grunt
The vast majority of my customers are tourists from abroad, last month I had a coachload of north Americans, today I will have a coachload of Norwegians. I love tourists, and I doubt whether VAT is a factor in deciding where to holiday, similarly I don't expect a tourist levy to impact it either.
In 2023 domestic tourism was down which makes up the bulk of tourism but international tourism was up. Hard to see overall numbers for some reason, but I think the point he was making was VAT compared to rest of Europe is high in the UK and adding a further tax could make us even more uncompetitive, which is a reasonable point IMO.Quote:
Originally Posted by Ozyhibby
Edinburgh was recently voted the most expensive city break in Western Europe. If people are still coming great but there will be a tipping point if it just keeps getting more and more expensive.
https://www.itv.com/news/2025-05-16/edinburgh-is-most-expensive-city-break-destination-in-western-europe-study
I suspect price is a factor for most people when they holiday. Don't you check and compare prices? That's like saying the price of a car isn't something to consider when buying a new car, VAT is just part of that overall price.Quote:
Originally Posted by Moulin Yarns
Excuse after excuse.Quote:
Originally Posted by jamie_1875
Anyway hotels and anyone else, particularly in Edinburgh, have a bloody cheek complaining about a 2.5% levy when they're charging more than £400 a night for a bang average room; student accommodation at more than £350 a night
Aye, but it's the 2.5% that's putting them off! 😆
And the reason they can charge those prices? The demand is massive and the supply is restricted. We can comfortably add a tax which will help fund the city.Quote:
Originally Posted by Jack
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As someone who travels along Princes Street both ways a few times a week I've never seen Edinburgh so busy with Tourists, normally you have an off season, the last year or so that doesn't seem to have happened, it's been rammed the whole way through
The higher VAT rate (21%) doesn't appear to impact the number of tourists in Madrid/Barcelona.... in fact the locals are demonstrating in the streets demanding a reduction in tourists!Quote:
Originally Posted by Moulin Yarns
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You don't see the VAT in a holiday separately. You look at total price. The same will apply to any tourist levy. I often have short breaks in Edinburgh and Glasgow, I don't break it down into the various cost components, do you??Quote:
Originally Posted by jamie_1875
Anyways, murdo claiming that Scotland has a high VAT rate, ignoring that it's uk wide.
https://uploads.tapatalk-cdn.com/202...e9805b885a.png
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Is there literally a shred of truth in any of that?Quote:
Originally Posted by Ozyhibby
Barking mad it really is
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She's attending a love in in Hungary, lots of photo opportunities with other European parties like the AfD. She'll be picking up her check from Putin like the other nutters he can't post it directly to.Quote:
Originally Posted by Ozyhibby
About the size of it absolutely bonkersQuote:
Originally Posted by Hibrandenburg
No, it’s total, complete and utter bollocks.Quote:
Originally Posted by Callum_62
Quite scary to think that she managed to find herself Prime Minister so recently, it’s scary to see how high the stupid and downright dishonest can rise in the modern world.
She's definitely getting the odd gig from a few right wing nutters, maybe the crackpot running Hungary will get her to help with a bit of financial advice as well?Quote:
Originally Posted by Ozyhibby
Not many hidey holes left for this dim lightweight politician so an appeal to the populist right might be the way to go?
Hopefully this time she can find where she's talking about on a map.
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