Tax Credits

gadgetmind

lisyloo wrote: »

Totally agree that many are out of touch especially the independently wealth tories.

Dunno about that.

A lot on the left were gobsmacked when the Conservatives sailed to victory as they were mixing, online and IRL I guess, with those with similar views.

I've got friends from across the political spectrum, and with a *huge* range of incomes from minimum wage through "benefits only" to top 0.1%. This is partly my easy-going Northern character and partly just the way of the world.

beecher2

wotsthat wrote: »

The spreadsheet says retirement will probably be around 58 - 62. I have half an idea to upsize the house at 55 but downsize the job and go and do something else even on minimum wage.

I'm 48 (today!) and beginning to think along the same sort of lines. I work with teenagers and can't do it until official state retirement age. Moving to the seaside at 55 and picking up a lower paying job is a definite option if I'm not made redundant in the next 7 years.

princeofpounds

Dunno about that.

A lot on the left were gobsmacked when the Conservatives sailed to victory as they were mixing, online and IRL I guess, with those with similar views.

Indeed. In fact, if an out-of-touch prize were being awarded right now, I think the Corbynistas would be the winners by a length.


Perhaps some of the upper class tories don't have a strong empathy for what happens at the nitty-gritty end of society, although I would imagine that there is more intellectual appreciation of the problems, and sympathy, than you might imagine. But often the solutions they see are different, perhaps.


The Corbynites, on the other hand, hold some fundamental views about how the world works that appear very unusual to a large part of the population. I'm not saying if they are right or wrong, but they aren't in tune with much except the Labour activist population at the moment. Perhaps they will persuade people of their merits. Perhaps not.

setmefree2

Tax Credits: Are you a winner or loser?

http://www.bbc.co.uk/newsbeat/article/34618968/tax-credits-are-you-a-winner-or-loser

setmefree2

Senior Whitehall figures expect that George Osborne will soften the impact of tax credit cuts, amid fears among Tories that the government is suffering severe damage from the charge that it will penalise low-paid workers.
As a growing number of ministers privately call on the chancellor to change tack, well-placed Whitehall sources say there is a growing expectation that Osborne will act in his autumn statement on 25 November.

http://www.theguardian.com/politics/2015/oct/23/george-osborne-soften-impact-tax-credit-cuts-autumn-statement

posh*spice

michaels wrote: »

I thought a single or couple had to work at least 30 hours without kids and 24 with kids to get wtc - I guess your example is for 2 in a couple both working 16 hours but then especially under the new rules you lose tax credits.

Working Tax Credit

Your age
You must be 16 or over to qualify. You must be 25 or over if you don’t have children or you don’t have a disability.

Hours you work
You must work a certain number of hours a week to qualify.

Aged 25 to 59 At least 30 hours

Aged 60 or over At least 16 hours

Disabled At least 16 hours

Single with 1 or more children At least 16 hours

Couple with 1 or more children Usually, at least 24 hours between you (with 1 of you working at least 16 hours)

https://www.gov.uk/working-tax-credit/eligibility

setmefree2

think-tank Resolution Foundation claimed working mothers would be worst hit - accounting for 70% of money saved by the Treasury. It said one million single parents would be £1,000 a year worse off, while 1.5 million married mothers would lose out by £600 a year.

http://www.itv.com/news/2015-10-19/tax-credit-cuts-explained-what-is-changing-and-how-it-affects-you/

A good thing for the government to be paying married mums to go to work?

setmefree2

posh*spice wrote: »

Aged 60 or over At least 16 hours

Quite surprised we haven't heard more about this given how vocal the boomers are.

They must be losing quite a bit?

Graham_Devon

The debate is likely to get a bit heated today as the lords look to put forward a fatal motion.

The Tories are warning them sternly not to do so.

The media are suggesting it would be a monumental move by the lords.

However, this is why they are looking to put the motion forward.



I believe that INCLUDES all the extra stuff the tories are saying will reduce the burden of the cuts.

andrewmp

Graham_Devon wrote: »

The debate is likely to get a bit heated today as the lords look to put forward a fatal motion.

The Tories are warning them sternly not to do so.

The media are suggesting it would be a monumental move by the lords.

However, this is why they are looking to put the motion forward.



I believe that INCLUDES all the extra stuff the tories are saying will reduce the burden of the cuts.

How likely is it that the motion will pass?