Labour Revolt Over Tax Raid on ‘Working Class’ as Reeves Prepares to Break Manifesto Pledge
Rachel Reeves is facing a Labour revolt today over a tax raid on the ‘working class’ after warning that “everyone” will suffer from her looming Budget tax hikes as she prepares to break Labour’s manifesto pledges. The Mail has more.
Left-wingers have demanded the Chancellor spares the ‘working class’ after she took the highly unusual step of laying the ground for her fiscal package with a speech in Downing Street.
In a blatant softening up exercise, Ms Reeves said there was a “clear choice” between “investment and hope, or cuts and division”. Ominously signposting a broad tax assault, she warned that “we will all have to contribute” to getting the country back on track.
But rather than take responsibility for the grim situation, she offed a laundry list of excuses, including Brexit, Tory austerity, Donald Trump, Covid and the Ukraine war.
At Cabinet this morning, Keir Starmer complained that “world events” were spoiling the Government’s plans “on a daily basis”. He dismissed the idea of closing the gap through “austerity”.
Ms Reeves dodged invitations to repeat Labour’s election vow not to increase income tax, national insurance or VAT. She said she would do “what is right” rather than “popular” and prioritise “protecting our NHS, reducing our national debt and improving the cost of living”.
“Any Chancellor of any party would be standing here facing the choices that I face,” she insisted.
The intervention was branded a “waffle bomb” by Tory leader Kemi Badenoch, who urged cuts to spending and welfare instead.
And it drew a furious response from Labour’s Left, with MPs and unions insisting that the “rich” should be made to fill the black hole in the public finances – estimated at between £20 billion and £50 billion.
There was a nervous reaction to Ms Reeves’s speech from markets, with the FTSE 100 and the pound falling sharply – although interest rates on Government debt also eased slightly.
Standing in front of a podium with the slogan “strong foundations, secure future” and flanked by Union Jacks, Ms Reeves said there were no “easy answers”.
She warned that markets could be even more negative about lending to the UK if they did not believe her commitment to meeting her fiscal rules.
But it is barely a year since the Chancellor claimed her first Budget – the biggest tax-raiser on record – had “wiped the slate clean”.
“I’m really clear. I’m not coming back with more borrowing or more taxes,” she told the CBI last November.
Worth reading in full.
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How exactly does taxing people more improve the cost of living? Or am I missing something?
The country is broke. Anyone who wants to try to fix the problem has two options:
And the population is going to go ape shit either way, which is why we have the problem in the first place.
So if that’s the case, why not go all in and do both? If nothing else, spending should be cut across the board
Why not indeed.
It would shrink the state which would be wonderful. The smaller the state the better as far as I’m concerned.
Scrap chagos – effect on economic activity nil.
Scrap net zero – effect in economic activity, huge surge.
At Cabinet this morning, Starmer complained that “world events” were spoiling the Government’s plans…
…What goes round, goes round – as Macmillan reportedly replied over 60 years ago when asked what the most troubling problem of his Prime Ministership was, “Events, my dear boy, events.”
Aren’t there any council workers available to pull down those racist flags?
I find that picture quite offensive. That poor woman having to stand between those two worrisome flags, shocking, I say, absolutely shocking. I mean, what do those flags represent nowadays, anyway?
Furthermore, I am offended that there is not a single multi-colour reference to what is now important to our society – the wonderful rainbow. We should all demand, in the most strongest possible terms, that the flagpoles – all flagpoles – are utilised forthwith for the permanent wondrous display of diversity in the most colourful way possible. Where is the pride in our united countries when it is gravely needed to bolster our community spirit that is sadly wallowing in the pits?
Perhaps a petition will remedy this offence and unite the peoples of our lands? I’m surprised that nobody has thought of it!
😏
Reeves is 100% ignorant of how human economics work.
Economics 101 – reduce tax to increase tax revenue.
https://www.youtube.com/shorts/1Bx16NWhRkU
Thomas Sowell – Tax Cuts help increase Tax Revenue
https://www.youtube.com/shorts/uCWmx1I6fVc
Thomas Sowell – Difference between Tax Rates and Tax Revenues
https://www.youtube.com/watch?v=rc-bELgAowU
Thomas Sowell – Tax Cuts For The Rich
https://www.youtube.com/watch?v=j10RtnBtqV4
Where does the money ‘trickle’? – Sanders, Sowell, Yang and Shapiro
“I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money”
Thomas Sowell
“It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who got us off the ground, not the Federal Aviation Administration. It was Henry Ford who ended the isolation of millions of Americans by making the automobile affordable, not Ralph Nader. Those who have helped the poor the most have not been those who have gone around loudly expressing ‘compassion’ for the poor, but those who found ways to make industry more productive and distribution more efficient, so that the poor of today can afford things that the affluent of yesterday could only dream about.”
Thomas Sowell
Rach from accounts struggles at everything ( making toast etc?
She probably sticks to bread. I was going to include butter but that would involve a knife and if anyone still cares about her they’ll be safely locked away.
I do not believe there are no savings to be made – there is just not the political will to make them.
Easiest would be to suspend recruitment for the Civil Service. You could argue that it is not a cut but a temporary hold.
Similarly there are many indexed linked benefits that could not be uprated for a year.
Maybe MPs could have a pay cut or a limit on their benefits (to share the pain of the common people)?
Perhaps NetZero could be wound back?
Perhaps some welfare benefits could be ‘bought out’ for money or a tax reduction?
All (comparatively) gentle things that could be done if the political will existed. And if the will doesn’t exist we need a new government.
An economy is not made by making savings, but but innovating and creating wealth. The left are dead set against either and the only innovating that is allowed is anything to do with Net Zero, in other words the unravelling of all the knowledge and wisdom gained since the Industrial and Agricultural Revolution. Trofim Lysenko would be proud of what the modern left have ‘achieved’.
Unless the savings come from not giving out handouts to people that can work. In that case, the positive effect is double. You save on welfare payments and idle people become productive.
It might even have a triple effect because you’ll probably have a big rebuilding effort to undertake to fix everything that gets smashed and broken from the riots caused by the elimination of welfare payments.
So win, win, win, potentially.
Indeed. But an economy may be ruined by not making savings.
You cannot have savings without first having earnings. The better the earnings the better the savings. Our brightest and best in all parties shut the economy to save the NHS and then splurged half a £trillion for people to stay at home. This was either monumental stupidity or malicious with intent. Not long after Brexit Johnson allowed the sale of ARM to a foreign buyer. ARM is one of the worlds largest chip maker!
Agree on the earlier points. ARM are a Chip designer – they don’t make anything, it’s one secret of their success. Chip manufacturing is a notoriously boom and bust + crazy capital intensive area… by licensing their designs they avoid all that. As a listed company however I see no issue with them being purchased – open market after all
If you don’t own property and hotels in monopoly you are out of the game. There may be an open global market but we have a domestic economy which means there is a nation, and that must be able to defend itself, economically, culturally and physically.
But surely we do that by creating a more attractive market here than in say, the US, so companies want to list here and remain ‘British’? At the moment there is fat chance of that working with over regulation, high and increasing taxes, crazy low levels of risk taking and most of the private equity funding being US based?
Completely agree.
This budget, like the last one has nothing to do with “saving the country,” actually quite the opposite.
I was chatting to someone at my club the other night, a relative “normie”, not a far right conspiracy theorist like us 🙂 and he more or less expressed the view that the current government were trying to destroy the country. In my more optimistic moments (lol) I like to think that things have got so bad that more and more people will wake up with each passing day. The bastards are no longer trying very hard to hide their intentions.
From memory i have been warning that government (Uniparty) were intent on destroying this country since my first days on DS about September 2020.
Message getting through, slowly
I struggle with the reality that too many people simply cannot see what is happening. I have just exchanged texts with a lady in another group who believes the real problem is CSE. What is the point in pursuing dialogue with somebody so stupid?
Personally, I look on at these ‘back bench rebellions’ as theatre. Good cop, bad cop. The valiant labour MPs ‘defend’ the working class, to simply leave Rachel clear to pursue the intended course of action – to eviscerate private property by rendering it a liability through taxation. All done deliberately.
Spot on.
There is absolutely NO defence of the working class by continuing to spend what the country hasn’t got because at some point the bill lands and has to be paid, and by whom? The Working Class.
MPs definitely need limits/cuts to their benefits. Every item eg ofice desks, chairs, headphones and so on should have a set. cost. If an MP wants an upgrade they pay the difference. It’s what a relative was able to do when briefly working for a think tank during the insanity of the early 2020s
“…she warned that “we will all have to contribute” to getting the country back on track.”
I thought we don’t need borders and therefore this country doesn’t exist?
It’s not hypocrisy when they do it!
“she warned that “we will all have to contribute” to getting the country back on track.”
So she will be paying the £65k she owes to the taxpayers pot then?
“We will all have to contribute” sounds depressingly similar to Cameron’s “We’re all in it together”. He then went on to say that if you do a bit of work for a neighbour and they pay you in cash you should declare it to HMCR so you can be taxed on it. At the time his dad who had at least £10million invested in an overseas tax haven.
Different decade, different politicians, same old hypocrisy.
Don’t forget Labours slogan ‘For the Many, not the Few’…or is it ‘For the few, not the many’?
Well given that the goal is total destruction of the UK, morally, psychologically, financially, industrially, socially I think she is prepping the nation perfectly. And if ever money needs to be lost the black pit that is rNHS is the perfect do-good virtue signalling hole that eminently fits the bill.
We need to waste billions but let the people feel good about being robbed. rNHS.
Problem. Reaction. Solution.
Reeves is committing national vandalism which is treason. This is a crime.
How many of the following quotes are Labour and the far left following?
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
Lenin
The best way to destroy the capitalist system [is] to debauch the currency.
Lenin
There are no morals in politics; there is only expedience. A scoundrel may be of use to us just because he is a scoundrel.
Lenin
It is true that liberty is precious; so precious that it must be carefully rationed.
Lenin
It is acceptable to suffocate democracy for the sake of socioeconomic equality
Lenin
A lie told often enough becomes the truth
Lenin
To speak the truth is a petit-bourgeois habit, a luxury of worry-free and aimless people. To lie, on the contrary, is often justified by the lie’s aim
Lenin
Thanks for posting 👍
Simple.
Working people ( families ?) earn LE GBP 46k
Remove the NI cap ( not income tax… Nach )
10% increase for those over GBP 50k
“At Cabinet this morning, Keir Starmer complained that “world events” were spoiling the Government’s plans “on a daily basis”. “
Yes, it’s called a reality check, you ……er!
Don’t worry folks. Rachel from accounts’s budget with be read out on Panorama 🤣
”as she prepares to break Labour’s manifesto pledges.” Well what do you expect from a serial lier?
“Labour Revolt Over Tax Raid on ‘Working Class’ as Reeves Prepares to Break Manifesto Pledge”
Prepares to break it? A lot of water has gone under the bridge since their first lie, sorry, breaking of the ‘manifesto’
Dear Rachel,
It isn’t as difficult as you make out. Start by scrapping Net Zero – aside from the costs of windmills and solar panels, stop paying for land acquisition and sea licensing, subsidies to companies, subsidies for heat pumps and electric vehicles. Recover costs from businesses connected to politicians who are pocketing tax-payer monies in the “green” sector.
Reverse or even cut employer NI. Scrap inheritance taxes on family farms. Don’t even think of land tax or wealth tax.
If you think these measures favour a different electorate to traditional Labour voters – well that’s been your Government’s policy since the election, anyway. Hasn’t it?
PS Do the decent thing and resign over your property licensing. There’s a dear.
How can there be a Budget involving us Plebs when our Taxes are being Spunk-d faster than they can get our dosh off us ??..