The UK Politics and EU Referendum thread - merged

[TightEnd]

its getting nasty

"McDonnell called for illegal general strike. Incendiary vid published by Shadow Chancellor pleaded for economic ruin"

https://www.thesun.co.uk/news/3568716/john-mcdonnell-calls-for-illegal-general-strike-in-incendiary-video-published-on-his-own-website/

[TightEnd]

Will be interesting to see how far first time candidates can sustain this. Brexit seems like quite a big thing to be undeclared on...

Click to see full-size image.

[TightEnd]

UK inflation rises to 2.7% in April. A year ago it was 0.3%.

highest level since Sept 2013. Rising prices on back of ££ devaluation, real wage squeeze in full flow (as for most wages aren't rising by 2.7%)

[TightEnd]

Here is the definitive list of how Labour plans to fund its spending commitments - http://bit.ly/2pPU0Ma

Click to see full-size image.

[TightEnd]

Click to see full-size image.

[TightEnd]

None of Labour's big proposed nationalisations have got numbers against them in manifesto costings

Corbyn announces that "tuition fees will be scrapped" and grants reintroduced. Cost: £11bn a year

Labour vows to lower 45p rate to £80k earners (top 5%) and reinstate 50p rate at £123k. raise £6bn by 2022

[Doobs]

Here is the definitive list of how Labour plans to fund its spending commitments - http://bit.ly/2pPU0Ma

Click to see full-size image.

That doesn't include the Northern "splash £500bn on vanity projects" bank or the capital expenditure from buying back Water, Rail, Electric, Gas, Trains, Building homes or whatever else.  Some of the other costs are down as capex too, so don't count as spending in Labour's World.  Seems farcical to claim something is fully costed and then only partially cost it. 

I wish they would be more ambitious on inheritance tax.  I also think they need to get rid of the big kinks in the tax system that put people off working harder.  There is a big kink where you lose child benefit, where you can be effectively taxed at over 70% if you have 4 kids; and there is a big chunk after £100k where you are already taxed at 60% because the tax free allowance falls away (this will now be 65% tax).  Get rid of these kinks and people will be more accepting of the 45% and 50% bands, and maybe even more so if they weren't paying for the idiotic triple lock guarantee on pensions.

And more importantly, is there a commitment to give MPs a "fair" pension in line with everybody elses?  They seem to be getting a free ride from membership of the "few".

[TightEnd]

Market caps

N Grid £40bn

Water Industry. thames water on its own is £12bn on the stockmarket today.severn trent is £5bn

is there an alternative way of nationalisation without buying all the shares back i wonder?

seizing the companies without compensating shareholders?

what does that mean for people's pensions?

(i don't know the answers)

the £50bn of extra tax take doesn't include anything on this that i can see

[TightEnd]

so, again thinking out loud, the top earners are mobile and can relocate..

behavioural factors (individuals and corporate) mean the extra tax take is far lower than typically forecasts tend to expect?

again i don't know. just wondering how robust this all is.

[Woodsey]

Market caps

N Grid £40bn

Water Industry. thames water on its own is £12bn on the stockmarket today.severn trent is £5bn

is there an alternative way of nationalisation without buying all the shares back i wonder?

seizing the companies without compensating shareholders?

what does that mean for people's pensions?

(i don't know the answers)

the £50bn of extra tax take doesn't include anything on this that i can see

Same as the lib dems have always done, you can promise the moon on a stick if you know you have no chance of winning an election.

[TightEnd]

Market caps

N Grid £40bn

Water Industry. thames water on its own is £12bn on the stockmarket today.severn trent is £5bn

is there an alternative way of nationalisation without buying all the shares back i wonder?

seizing the companies without compensating shareholders?

what does that mean for people's pensions?

(i don't know the answers)

the £50bn of extra tax take doesn't include anything on this that i can see

i have an answer. they plan to borrow the money in the capital markets to buy back all the shares.

[TightEnd]

more

[TightEnd]

Biggest single spending commitment in labour manifesto is lump sum bill for cancelling state pension age increases

the cost?

wait for it

a cool £300bn!

[Doobs]

Market caps

N Grid £40bn

Water Industry. thames water on its own is £12bn on the stockmarket today.severn trent is £5bn

is there an alternative way of nationalisation without buying all the shares back i wonder?

seizing the companies without compensating shareholders?

what does that mean for people's pensions?

(i don't know the answers)

the £50bn of extra tax take doesn't include anything on this that i can see

i have an answer. they plan to borrow the money in the capital markets to buy back all the shares.

Yep, and also to set up the "MPs know best how to invest money" bank.  Surely, you can just say, max bill increase =0% or whatever and get de facto control wwithout spending 10s of billions?  

Good luck with your pound vs dollar rate for next year's WSOP.   That reminds me, I am going away after the election.  Maybe I should buy right now?

[Doobs]

Biggest single spending commitment in labour manifesto is lump sum bill for cancelling state pension age increases

the cost?

wait for it

a cool £300bn!

ah missed that one.  Shaking head here.  Even for women, who have had it good for way too long?  I am off to check.  Surely somebody has been paying attention when these things were announced and the reasons why?