Rats know they’re losing so they want to give farewell gifts to their cronies before leaving and punish the poors for not voting Tory.
Also helps to harm economy and national redources as much as possible so that the next administration fails to do anything and Tories can return in a further election cycle.
When tf is there supposed to be another election in the UK? It almost feels like a strategy from the Tories to continually have their PMs resign so they stay in power. It would be nice for the UK to have some sanity again
January 1st 2025 assuming they don’t call an earlier election.
Waiting until January would be a mistake though because it would mean that your campaigning over Christmas which is a terrible time to be doing campaigning. Everyone’s busy with other things and no one wants to be thinking about politics.
It absolutely wouldn’t be. What are you on about? A big part of why Labour are polling well because they look like a safe pair of hands. Starting an interparty factional war over who the new leader should be will completely damage that and possibly lose there election.
Half of the Tory base are either indifferent to a Labour victory or would actively vote for them. If you throw another Corbyn in the mix that will change and the base will come out again. It’s simple electoral math. Please stop advocating for more Tory rule.
There’s 5 years between elections unless the ruling party calls one early so a pm resigning doesn’t help but calling an election early and winning does. We’re still on the clock from Johnson’s 2019 landslide win - which he called 3 years early because they were way ahead in the polls. Truss and Sunak didn’t call early elections because they already had a big majority and would probably lose seats.
Maybe one day I will be making lots of money and will want to pay less tax. I better start voting tory… Is that how they think people think? Or even worse, are there people who really think like that?
Wait, wait, wait… The average middle-class voter who is struggling to get by is starting to turn away from the Tories and their leader’s suggestion is to reduce taxes on the wealthiest people? Not to improve services or perhaps address the issues that drove former conservative party voters to Labour. No. Cutting the taxes of the elite, further reducing funding for services that the majority of voters use or rely on is the obvious answer.
£125,140 a year you pay 45% income tax. But it’s not quite that simple because you don’t pay 45% on everything, just whatever is earned above that and the other thresholds www.gov.uk/income-tax-rates
We also have national insurance and a tax free allowance, so the effective rate for someone at say £54k (about €62k) would be about 25% www.moneysavingexpert.com/tax-calculator/I think I’ve worked that out right.
In Ireland it’s about 48% on everything above €40k, then 52% above €70k.
That by itself could be misleading though, the overall effective tax rate for someone on €40k is 18%, around 30% at €70k. The thresholds will rise next year.
Per the article it’s not the top rate he plans to edit but the middle 40% rate which currently starts at £50,270. It’s a little more complex because there is also National Insurance to pay which drops when you hit the 40% tax rate so effectively you go from paying 32% total below £50,270 to 42% above £50,270 (for income above that level). There is a tax free band below £12,570 as well.
I’m simplifying because tax is complicated but roughly that’s how it works. As you move up tax bands you also lose amounts of other allowances like free dividend interest. Above £100k income it gets more complex because even more allowances are removed, especially the tax free band gets reduced.
You also lose £2k worth of tax free childcare instantly as soon as you earn £100k, a rare instance of it actually being possible to earn less money by getting a payrise
He wants to increase the threshold of where you start paying 40%. The title of this article makes it sound like it’s 45% but it’s not. Currently this threshold is at about £50k. So this would make the biggest difference to exactly the middle classes.
Add comment