Threats to UK pension savers

[Deleted User]

michaels wrote: »

Labour are confiscating 10% straight off to hand to the 'workers' regardless of whether they are earning 100k or more. Then perhaps they will confiscate another 10% for NHS and so on.

Once they confiscate 10% (or even beforehand), everyone who can will transfer their investments to non British companies and there will be nothing else to confiscate.

Of course, Labour also promised to nationalise a bunch of companies at a cost of 6bn or so. Except that the market cost of these companies is a couple of orders of mag higher.

ffacoffipawb

Deleted_User wrote: »

Once they confiscate 10% (or even beforehand), everyone who can will transfer their investments to non British companies and there will be nothing else to confiscate.

Of course, Labour also promised to nationalise a bunch of companies at a cost of 6bn or so. Except that the market cost of these companies is a couple of orders of mag higher.

Cant see BP or Royal Dutch Shell keeping their London listings if these economic numpties try and steal 10% of their value.

Venezuela here we come ...

atush

Mick70 wrote: »

Ha.. I had wrongly assumed labour must have brought it in as a means of taxing higher earners / savers . Bit of a strange one why the tories reduced the LTA

Not strange at all. After the financial crisis/austerity they were reducing the tax lost to such schemes.

zagfles

Mick70 wrote: »

Ha.. I had wrongly assumed labour must have brought it in as a means of taxing higher earners / savers . Bit of a strange one why the tories reduced the LTA

Because of Cameron's "we're all in it together", which his opponents continually took the p out of, but they did actually do quite a good job of spreading the pain of "austerity" across the income scale.

Of course some people have had tired old stereotypes like "the Tories only help their rich mates" hammered into them since birth and so find this sort of thing very surprising.

Terron

zagfles wrote: »

Some Brexiteers are quite sensible as well. Like Farage who said there should be a second referendum if the result is 52-48.

Looks like the next election will be exactly that!

Not exactly. Actually better as not a direct rejection of the people's vote.



At the last election 85% of MPs were elected on manifesto's to honour the the referendum result. I suspect it will be less next time, but the MPs so elected are likely to be more honest in their intentions. It can't come soon enough.

Terron

Mick70 wrote: »

Ha.. I had wrongly assumed labour must have brought it in as a means of taxing higher earners / savers . Bit of a strange one why the tories reduced the LTA

Labour did bring it in in 2006 at 1.5m. It grew to 1.8m. It was then cut as part of austerity to show that the Tories weren't just hitting the poor.