the snap general election thread

Sapphire

londonlydia wrote: »

By the way, I said it's the final straw, it's not the only reason I've switched. They're also planning to close our local A&E, which would be a disaster, and Labour would stop that. Plus, on a selfish note, I also think that the conservatives have been terrible for the defence industry and science in this country...i like Corbyn's stance on investing in cyber defence technology. Now before people say 'trident' at me, I think the chance of a nuclear threat on us is minimal whilst we are under attack daily from cyber warfare. That's the real threat...

I don't suppose it bothers you that labour would bankrupt the country? Or that comrade Corbyn wants to take us back to the 1970s, which was rife with strikes that paralysed the country (believe me, this is what happened, not some figment of the imagination of those who lived through three-day weeks and so on)? Or that he would open the door to free-for-all immigration? Or that he is a communist who supports terrorist organisations? Etc.

Are you a remainer, by any chance?

Sapphire

londonlydia wrote: »

Most wealth is held in property, and older people want to leave their homes to their children because of memories etc.

Ahh – now I see it. Thank you for the explanation. :T

Perhaps if you look after your own parents and grandparents when they need care (as people used to do and a minority still do), your inheritance will be protected? :cool:

System

I don't know what to make of this.

If I'm old and have a million pounds in the bank then I definitely should pay for my care.

If I'm old and have a million pound house it would be an atrocity to use that to pay for my care?

Ohhhh, is this a plan to get old people to sink as much of their wealth into housing as they can?

setmefree2

londonlydia wrote: »

By the way, I said it's the final straw, it's not the only reason I've switched.

Well thank you for offering to pay my social care bills. This despite the fact that I live in London and own a home with a 7 figure price tag, I'm nearing the limit for my pension pot (a million quid), plus all the other investments I own.....it's very kind of you...

londonlydia wrote: »

They're also planning to close our local A&E, which would be a disaster, and Labour would stop that. Plus,

How do you know it would be a disaster??? Because labour told you??? Once a hospital is opened does that mean it can never be shut - ever???? Even if there are better ways to organize things?? I live in London - there are a ton of hospitals near me - do we really need all of them?

londonlydia wrote: »

on a selfish note, I also think that the conservatives have been terrible for the defence industry and science in this country...i like Corbyn's stance on investing in cyber defence technology. Now before people say 'trident' at me, I think the chance of a nuclear threat on us is minimal whilst we are under attack daily from cyber warfare. That's the real threat...

Yes I'd volunteer to pay extra tax for that (not)

setmefree2

londonlydia wrote: »

The limit is £28k without the property included. Most wealth is held in property, and older people want to leave their homes to their children because of memories etc. Plus it's includes care in the home that doesn't apply at present...

At the moment if you are an old person living at home - they strip you of all you savings down to £28,000. Under the new system they will strip you of all your savings down to £100,000.

ThinkingOutLoud_2

Joeskeppi wrote: »

Ohhhh, is this a plan to get old people to sink as much of their wealth into housing as they can?

Don't see how.
The whole point is that your house now gets included in how much you are worth.
So cash (visible), shares, ISA and you house(s) - all get counted.

System

ThinkingOutLoud wrote: »

Don't see how.
The whole point is that your house now gets included in how much you are worth.
So cash (visible), shares, ISA and you house(s) - all get counted.

Ahhh! Ok, that makes sense. Seems fair to me.

Conrad

I suspect a new 'progressive' party will emerge from the Labour defeat.


I wonder who will be leader, Dan Jarvis?

Please not Clegg, Cooper or Blair, no one likes re-heated coffee.

Conrad

londonlydia wrote: »

But not including the home. Average house value in the UK is £235k. That means that now you could be stripped of, on average, £135k + any savings. Under the current scheme, you will only be worse off if you have between £28-100k in savings but not in property. And even then if you have cars in the home, they only take money from your home for certain cases... Generate is when you go into care.

No, homes are most definitely taken now to pay for long term care in a care home. I have had plenty of clients make arrangements to try and avoid this over the years, but its not easy.


I look at like this; we can either all pay more tax so that some children can inherit their parents property in full, or we can each use our homes to fund our own personal care.

Conrad

londonlydia wrote: »

Overall, I think that Labour has the best policies


I do my own research and use my personal experience.

Ok then;



1) If companies employ fewer staff due to corporation tax rises, how much will the State lose in NI and income tax?


2) If corporation tax rises, what effect will this have on your ISA/pension fund?


3) If corporation tax rises, will companies invest more or less?


4) If they invest less, how does this affect UK productivity?