Rachel Reeves speech

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The Dolphin 10 Oct 23 3.37pm
Originally posted by EverybodyDannsNow That's an interesting way to describe The Daily Mail. Absolutely not. This is from a private wealth Company - I just happen to know someone who is heavily involved in it that's all. Every single one of their clients bar a handful are positioning themselves to get out if Labour get in - no holds barred. When I asked about numbers, he just said that everyone he speaks to in their line of work has the same instructions from the majority of their clients. They are petrified of the wealth taxes, either directly or by stealth that are going to be applied. They pay lots of tax anyway and they spend a lot of their money in the UK at the moment - but not for long. Labour will get a massive shock and then we are in serious trouble because tax income will drop like a stone. You can be as jealous/envious as you like about the very rich, but how many average Joes - that includes me by the way - will it take to cover the thousands of millions of pounds that will disappear - it isn't possible to cover those amounts and the doo doo will be deeper than ever and that includes after the war! It is a serious concern and given that everything I am hearing from Labour this week is about taxing the rich, then the outcome will not be favourable.
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The Dolphin

10 Oct 23 3.37pm

Originally posted by EverybodyDannsNow

That's an interesting way to describe The Daily Mail.

Absolutely not.
This is from a private wealth Company - I just happen to know someone who is heavily involved in it that's all.
Every single one of their clients bar a handful are positioning themselves to get out if Labour get in - no holds barred.
When I asked about numbers, he just said that everyone he speaks to in their line of work has the same instructions from the majority of their clients.
They are petrified of the wealth taxes, either directly or by stealth that are going to be applied.
They pay lots of tax anyway and they spend a lot of their money in the UK at the moment - but not for long.
Labour will get a massive shock and then we are in serious trouble because tax income will drop like a stone.
You can be as jealous/envious as you like about the very rich, but how many average Joes - that includes me by the way - will it take to cover the thousands of millions of pounds that will disappear - it isn't possible to cover those amounts and the doo doo will be deeper than ever and that includes after the war!
It is a serious concern and given that everything I am hearing from Labour this week is about taxing the rich, then the outcome will not be favourable.

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Midlands Eagle 10 Oct 23 3.56pm
Originally posted by The Dolphin They are petrified of the wealth taxes, either directly or by stealth that are going to be applied. They pay lots of tax anyway and they spend a lot of their money in the UK at the moment - but not for long. Labour will get a massive shock and then we are in serious trouble because tax income will drop like a stone. I have a sneaking suspicion that once Labour get their brains working and see what the effect of their non dom taxes will be they will quietly drop the idea
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Midlands Eagle

10 Oct 23 3.56pm

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Originally posted by The Dolphin

They are petrified of the wealth taxes, either directly or by stealth that are going to be applied.
They pay lots of tax anyway and they spend a lot of their money in the UK at the moment - but not for long.
Labour will get a massive shock and then we are in serious trouble because tax income will drop like a stone.

I have a sneaking suspicion that once Labour get their brains working and see what the effect of their non dom taxes will be they will quietly drop the idea

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palace99 New Mills 10 Oct 23 4.05pm
Originally posted by Midlands Eagle This non dom tax has been going to pay for almost everything according to various Labour talking heads but the reality is that all the wealthy people with non dom status will just fook off elsewhere. Labour have obviously forgotten what happened under Harold Wilson when the top earners were taxed so much that they just up sticks and emigrated to a very welcoming USA leaving us short of any worthwhile senior management a number of Tory MPs (Javid and Zahawi) plus the PMs wife had non dom status. They've now cancelled it and remain in the UK. Javid claimed it as his dad is from pakistan, although he himself had never lived there. Where do you think people like him will FO to? Our current PM held a green card even when in No 11. How is that right? Labour hasn't proposed raising any taxes as far as i can see, merely closing a few loop holes.
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palace99

New Mills 10 Oct 23 4.05pm

Originally posted by Midlands Eagle

This non dom tax has been going to pay for almost everything according to various Labour talking heads but the reality is that all the wealthy people with non dom status will just fook off elsewhere.

Labour have obviously forgotten what happened under Harold Wilson when the top earners were taxed so much that they just up sticks and emigrated to a very welcoming USA leaving us short of any worthwhile senior management

a number of Tory MPs (Javid and Zahawi) plus the PMs wife had non dom status. They've now cancelled it and remain in the UK.
Javid claimed it as his dad is from pakistan, although he himself had never lived there.
Where do you think people like him will FO to?

Our current PM held a green card even when in No 11. How is that right?

Labour hasn't proposed raising any taxes as far as i can see, merely closing a few loop holes.

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Nicholas91 The Democratic Republic of Kent 10 Oct 23 4.05pm
Originally posted by Stirlingsays The population is like some abused wife getting slapped everytime the abuser comes home. Then we get told that our ex boyfriend who also slapped us thinks he'd treat us better. I'll have to stop now because this slightly weird analogy isn't fitting in with my 'stop crying you tart...there's another three inches yet' image. It's rough, but I think the analogy is correct. I'd opt for choosing between Sandor Torghelle or Wayne Andrews upfront however. There was plenty for them to slander each other with, but the arguments for either quickly fell apart and certainly never played out as imagined. Now Zaha's got a bit of green grass ahead of him here... and finds Ambrose... not a bad effort!!!!
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Nicholas91

The Democratic Republic of Kent 10 Oct 23 4.05pm

Originally posted by Stirlingsays

The population is like some abused wife getting slapped everytime the abuser comes home.

Then we get told that our ex boyfriend who also slapped us thinks he'd treat us better.

I'll have to stop now because this slightly weird analogy isn't fitting in with my 'stop crying you tart...there's another three inches yet' image.

It's rough, but I think the analogy is correct.

I'd opt for choosing between Sandor Torghelle or Wayne Andrews upfront however. There was plenty for them to slander each other with, but the arguments for either quickly fell apart and certainly never played out as imagined.

Now Zaha's got a bit of green grass ahead of him here... and finds Ambrose... not a bad effort!!!!

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palace99 New Mills 10 Oct 23 4.10pm
Originally posted by Willo Hear Hear. Rachel Reeves speech was a word salad of mind-numbing banality, treacle laden platitudes and a load of old pabulum.38 minutes of empty twaddle and not a single mention of "Inflation". Without further ado I shall now return to the Football discussions. Edited by Willo (10 Oct 2023 8.52am) I listened to it and she mentioned rising prices a few times. Inflation = rising prices in my book. What did you think of Hunt's speech last week?
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palace99

New Mills 10 Oct 23 4.10pm

Originally posted by Willo

Hear Hear.

Rachel Reeves speech was a word salad of mind-numbing banality, treacle laden platitudes and a load of old pabulum.38 minutes of empty twaddle and not a single mention of "Inflation".

Without further ado I shall now return to the Football discussions.

Edited by Willo (10 Oct 2023 8.52am)

I listened to it and she mentioned rising prices a few times.
Inflation = rising prices in my book.

What did you think of Hunt's speech last week?

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EverybodyDannsNow SE19 10 Oct 23 4.30pm
Originally posted by The Dolphin Absolutely not. This is from a private wealth Company - I just happen to know someone who is heavily involved in it that's all. Every single one of their clients bar a handful are positioning themselves to get out if Labour get in - no holds barred. When I asked about numbers, he just said that everyone he speaks to in their line of work has the same instructions from the majority of their clients. They are petrified of the wealth taxes, either directly or by stealth that are going to be applied. They pay lots of tax anyway and they spend a lot of their money in the UK at the moment - but not for long. Labour will get a massive shock and then we are in serious trouble because tax income will drop like a stone. You can be as jealous/envious as you like about the very rich, but how many average Joes - that includes me by the way - will it take to cover the thousands of millions of pounds that will disappear - it isn't possible to cover those amounts and the doo doo will be deeper than ever and that includes after the war! It is a serious concern and given that everything I am hearing from Labour this week is about taxing the rich, then the outcome will not be favourable. It's not though, is it? You're just parroting the same tropes which come out every election - I'm sure you do have a mate in wealth management, and I'm sure anecdotally that's the sort of s***e his clients throw around, but people of that ilk spend half their life moaning about taxes - it's not proof of anything. What wealth taxes are they petrified of specifically? What are you hearing from Labour that would be of concern to them? What Starmer policy concerns them most? This Labour are right of Cameron's government economically ffs. It's not a serious concern - it's lazy, cliched 'analysis' which you've invented purportedly off some anecdotal stories from a mate in wealth management.
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EverybodyDannsNow

SE19 10 Oct 23 4.30pm

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Originally posted by The Dolphin

It's not though, is it? You're just parroting the same tropes which come out every election - I'm sure you do have a mate in wealth management, and I'm sure anecdotally that's the sort of s***e his clients throw around, but people of that ilk spend half their life moaning about taxes - it's not proof of anything.

What wealth taxes are they petrified of specifically?
What are you hearing from Labour that would be of concern to them?
What Starmer policy concerns them most?

This Labour are right of Cameron's government economically ffs.

It's not a serious concern - it's lazy, cliched 'analysis' which you've invented purportedly off some anecdotal stories from a mate in wealth management.

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Stirlingsays 10 Oct 23 4.43pm
Originally posted by Nicholas91 It's rough, but I think the analogy is correct. I'd opt for choosing between Sandor Torghelle or Wayne Andrews upfront however. There was plenty for them to slander each other with, but the arguments for either quickly fell apart and certainly never played out as imagined. I remember those days....the days where an own goal was more likely than anything else. We have the 'glitter' moment but nothing so far matches the delicious cringe of Mordaunt's 'stand up and fight'.....though admittedly old Penny has been the only shaggable thing I've set eyes on. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

10 Oct 23 4.43pm

Originally posted by Nicholas91

It's rough, but I think the analogy is correct.

I remember those days....the days where an own goal was more likely than anything else.

We have the 'glitter' moment but nothing so far matches the delicious cringe of Mordaunt's 'stand up and fight'.....though admittedly old Penny has been the only shaggable thing I've set eyes on.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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beak croydon 10 Oct 23 5.14pm
Originally posted by HKOwen Lots of words but very little substance, standard for politicians of all sides. Non Dom tax, Labour seems to think that they can cancel this and all the non dom money will stay in UK and be taxed to raise 3 bn. This is naive at best or deliberately misleading at worst. Clawing back COVID fraud and corruption, I am in general agreement with this but the vast majority of wasted money was organised crime setting up shell companies often from overseas, not a few despicable people taking the P. Trying to turn this into a political witch hunt will not produce results. Labour can't resist trying to make any issue a " class war ". I don't expect much in the way of actual policies until the pre election manifestos are published as is SOP for all sides. The two party system is broken and we now IMO need PR to get more voices represented in parliament The most interesting points were the video after she sat down of fulsome praise from Mark Carney the former head of the Bank of England and the head of the C.B.I. who attended the Labour party conference and praised Rachel Reeves to the hilt. It looks like we have a new Chancellor who will NOT crash the economy like Truss who tried to give away money without it being budgeted for just printing the stuff without any accountancy.
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beak

croydon 10 Oct 23 5.14pm

Originally posted by HKOwen

Lots of words but very little substance, standard for politicians of all sides.

Non Dom tax, Labour seems to think that they can cancel this and all the non dom money will stay in UK and be taxed to raise 3 bn. This is naive at best or deliberately misleading at worst.

Clawing back COVID fraud and corruption, I am in general agreement with this but the vast majority of wasted money was organised crime setting up shell companies often from overseas, not a few despicable people taking the P. Trying to turn this into a political witch hunt will not produce results.

Labour can't resist trying to make any issue a " class war ".

I don't expect much in the way of actual policies until the pre election manifestos are published as is SOP for all sides.

The two party system is broken and we now IMO need PR to get more voices represented in parliament

The most interesting points were the video after she sat down of fulsome praise from Mark Carney the former head of the Bank of England and the head of the C.B.I. who attended the Labour party conference and praised Rachel Reeves to the hilt. It looks like we have a new Chancellor who will NOT crash the economy like Truss who tried to give away money without it being budgeted for just printing the stuff without any accountancy.

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eagleman13 On The Road To Hell & Alicante 10 Oct 23 5.47pm
Originally posted by The Dolphin I have it on reasonable authority that large numbers of very wealthy individuals - non-dom or not - are positioning themselves to take everything out of the UK if Labour get in - and i mean everything! The cost to the taxpayer will be eye watering. The Caymens, Portugal and more will all see the wealth from here using their money over there. I think the Bahamas as well. Others here will know more places than me. I seriously do not think that Labour realise the damage that they will cause just because it sits well with the left wing die hards. Ordinary people like us will bear the brunt of this massive drain on tax coming in and very quickly as well. If Rachel Reeves is any good - and she isn't - then she should already have worked it out and got these people onside. It goes further though - no tax coming in but also wealthy people not spending their money in the UK as well - if you think it's bad now - just wait and see how much worse it will be! Your overall assessment, is fairly OK. Caymens? Stupid rich.You asked another place, Bermuda. I have an account there as do others Before people ask, I was born there, OK? I'm a blind man, i'm a blind man, now my room is cold, When a blind man cries, Lord, he feels it from his soul. [Link]
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eagleman13

On The Road To Hell & Alicante 10 Oct 23 5.47pm

Originally posted by The Dolphin

I have it on reasonable authority that large numbers of very wealthy individuals - non-dom or not - are positioning themselves to take everything out of the UK if Labour get in - and i mean everything!
The cost to the taxpayer will be eye watering.
The Caymens, Portugal and more will all see the wealth from here using their money over there.
I think the Bahamas as well.
Others here will know more places than me.
I seriously do not think that Labour realise the damage that they will cause just because it sits well with the left wing die hards.
Ordinary people like us will bear the brunt of this massive drain on tax coming in and very quickly as well.
If Rachel Reeves is any good - and she isn't - then she should already have worked it out and got these people onside.
It goes further though - no tax coming in but also wealthy people not spending their money in the UK as well - if you think it's bad now - just wait and see how much worse it will be!

Your overall assessment, is fairly OK. Caymens? Stupid rich.You asked another place, Bermuda. I have an account there as do others Before people ask, I was born there, OK?

I'm a blind man, i'm a blind man, now my room is cold,
When a blind man cries, Lord, he feels it from his soul.
[Link]

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The Dolphin 10 Oct 23 6.42pm
Originally posted by EverybodyDannsNow It's not though, is it? You're just parroting the same tropes which come out every election - I'm sure you do have a mate in wealth management, and I'm sure anecdotally that's the sort of s***e his clients throw around, but people of that ilk spend half their life moaning about taxes - it's not proof of anything. What wealth taxes are they petrified of specifically? What are you hearing from Labour that would be of concern to them? What Starmer policy concerns them most? This Labour are right of Cameron's government economically ffs. It's not a serious concern - it's lazy, cliched 'analysis' which you've invented purportedly off some anecdotal stories from a mate in wealth management. Say what you like. I have no need to split lies. I tell as I have been told. Maybe you should respect a view that is factually correct?
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The Dolphin

10 Oct 23 6.42pm

Originally posted by EverybodyDannsNow

What wealth taxes are they petrified of specifically?
What are you hearing from Labour that would be of concern to them?
What Starmer policy concerns them most?

This Labour are right of Cameron's government economically ffs.

It's not a serious concern - it's lazy, cliched 'analysis' which you've invented purportedly off some anecdotal stories from a mate in wealth management.

Say what you like.
I have no need to split lies.
I tell as I have been told.
Maybe you should respect a view that is factually correct?

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Hrolf The Ganger 10 Oct 23 6.55pm
Originally posted by Midlands Eagle Gary Glittered? I most definitely do not want to be in his gang. A shower of flip flops would have been more appropriate.
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Hrolf The Ganger

10 Oct 23 6.55pm

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Originally posted by Midlands Eagle

Gary Glittered?

I most definitely do not want to be in his gang.

A shower of flip flops would have been more appropriate.

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EverybodyDannsNow SE19 10 Oct 23 7.17pm
Originally posted by The Dolphin Say what you like. I have no need to split lies. I tell as I have been told. Maybe you should respect a view that is factually correct? How on earth can a vague projection based on pure anecdote be ‘factually correct’? I wish I had as much faith as you that Starmer will do anything close to being as progressive as a wealth tax - I might vote for him if I believed that.
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EverybodyDannsNow

SE19 10 Oct 23 7.17pm

Originally posted by The Dolphin

Say what you like.
I have no need to split lies.
I tell as I have been told.
Maybe you should respect a view that is factually correct?

How on earth can a vague projection based on pure anecdote be ‘factually correct’?

I wish I had as much faith as you that Starmer will do anything close to being as progressive as a wealth tax - I might vote for him if I believed that.

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