Why would a Labour win be bad for you?

[hugebrain]

Ok. Correction. Higher taxes are no problem if you earn less than £100k. Which I do.

That explains why you are thinking of voting Labour. You're a pleb!

[Peoplesoft bloke]

ID cards and similar unreasonable intrusion into my life "for my own good".

[shaunbhoy]

Labour will have to increase their tax take to try and service the debts they have run up. They will talk tough on hitting the high earners, but in reality will simply end up hitting the middle income earners like us. The Tories will be much more likely to try and achieve stability by cutting extravagant spending on public services. There are lots of savings to be made there that will have less effect on those of us working in the private sector, and that is where any fair-minded government ought to be starting their efficiency drives.

[swamp]

If the Tories get in there is a reasonable chance they will scrap IR35. If Labour hold on to power then many contractors will get shafted.

To Labours credit however, they do like to spend vast amounts of money on diabolical IT projects. Kerching! Even if you're not on the public sector gravy train, you are benefiting indirectly from reduced competition/higher rates. Now if we can just find a way to keep Bob out the picture....

[Doggy Styles]

Just curious, if Labour win the election, why would that be bad for you, as in, you personally ?

My fuel costs will keep going up and the real value of my savings (including pension funds) will go down. I'll also have less money in my pocket because the only way to start stemming the tide is to raise taxes again.

This is caused by Labour having no coherent plan for reversing the structural deficit, or for encouraging the private sector (particularly manufacturing and agriculture) in this country.

[centurian]

If the Tories get in there is a reasonable chance they will scrap IR35. If Labour hold on to power then many contractors will get shafted.

You reckon - they'll "clarify" it - that's for sure. Careful what you wish for though - you might prefer Labour's fuzzy definition.

http://www.contractoruk.com/news/004817.html


Kate Cottrell, an expert on IR35, welcomed the review and said many small business, particularly one-person contractor companies, would regard it as good news.

"Given the state of the UK finances, I expect some improvements will result for traditional small businesses with the reduction in red tape," she said.

"But I also expect there will be little to celebrate for contractors, as it would be naïve to think that any simplification could result in anything other than significantly increased tax/NIC bills in line with all the political parties commitment to 'fairness' in the tax system."

[Ruprect]

ID cards and similar unreasonable intrusion into my life "for my own good".

WHS+++

[Ruprect]

What labour just don't get

[wurzel]

The frikkin cider tax will be reinstated. W*****s. Funny how they choose a beverage that comes exclusively from Tory / Lib Dem areas. Can't imagine they'd slap a similar swingeing increase on the piss they produce oop north!

[TimberWolf]

Labour plans to continue its policy of replacing the whole population with cheaper immigrants and to ship what's left to Asia.