Reply to: Labour tax manifesto

[AtW]

Yeah, that might happen. Then again our CT rate is already higher than Ireland and not everyone is jumping ship. I was of course originally talking about how CT rate increases would affect us as contractors.

In the UK only small/medium companies pay full CT, it's optional for the big multinationals, who'll have subsidiaries in Ireland (or Luxembourg) through which they'll bill.

[Mordac]

Yeah, that might happen. Then again our CT rate is already higher than Ireland and not everyone is jumping ship.

I was of course originally talking about how CT rate increases would affect us as contractors.

Post IR35, CT is the least of our worries...

[Snarf]

And to be fair, companies faced with a major hike in CT will either move their profits to somewhere more sensible or simply pass the extra costs on to their clients. Neither of which will achieve the intended purpose of the rate rise.

Yeah, that might happen. Then again our CT rate is already higher than Ireland and not everyone is jumping ship.

I was of course originally talking about how CT rate increases would affect us as contractors.

[malvolio]

To be fair, if profits are less than 300k it only goes up to 21%

Effectively bringing in tax bands for Corp tax again rather than one rate for all.

And to be fair, companies faced with a major hike in CT will either move their profits to somewhere more sensible or simply pass the extra costs on to their clients. Neither of which will achieve the intended purpose of the rate rise.

[Snarf]

Only to 26%? I admire your optimism.

On the plus side. Everything will be free and it will be "fair".

To be fair, if profits are less than 300k it only goes up to 21%

Effectively bringing in tax bands for Corp tax again rather than one rate for all.

[Old Greg]

You mean, like the postal vote in Peterborough? It's odd and I can see it being repeated.

Nice dog whistle.

[Platypus]

On Ch4 News they've done many interviews with the general public, up and down the country, and people almost always cite Corbyn as the reason they won't vote Labour.

By the same token, I wonder how many are voting Labour BECAUSE of him. I suspect it's a lot, e.g. anyone under 25.

[Platypus]

Unless some very odd things happen repeatedly at a local level

You mean, like the postal vote in Peterborough? It's odd and I can see it being repeated.

[DealorNoDeal]

Well, kinda. Momentum found a figurehead that wouldn't oppose their extremist views: a "useful idiot" to use an old cold war term. He was elected mainly as a protest against the other candidates so was something of a gift, but we are where we are.

Assuming Tories get a majority, Corbyn will be gone. Unfortunately, I've little confidence the Labour membership will replace him with anyone more electable.

[malvolio]

On Ch4 News they've done many interviews with the general public, up and down the country, and people almost always cite Corbyn as the reason they won't vote Labour.

The manifesto is just a reflection of Corbyn.

Well, kinda. Momentum found a figurehead that wouldn't oppose their extremist views: a "useful idiot" to use an old cold war term. He was elected mainly as a protest against the other candidates so was something of a gift, but we are where we are.

[BlasterBates]

There was more than one poll in the same week as the 2017 election which had the Tories with a lead of over 10%.

I would have a contingency plan.

[DealorNoDeal]

If, as seems slightly more likely, there is a narrow Tory majority, you can blame the Labour manifesto, not Corbyn.

On Ch4 News they've done many interviews with the general public, up and down the country, and people almost always cite Corbyn as the reason they won't vote Labour.

The manifesto is just a reflection of Corbyn.

[BlasterBates]

The biggest problem that the Tories is the Lib Dem vote, because the Tories are basically at the level they were in the last election. If the Lib Dem vote collapses then it's a hung parliament.

The Lib Dems only need to swing 2 percentage points to Labour for a hung parliament.

[Old Greg]

While Corbyn is a liability to any right-thinking person he didn't write the manifesto, that was McDonnell and McCluskey. If they win the election, a possibility since too many people seem to have been taken in by Corbyn's doddery grandfather act, he will be gone in a matter of weeks.

If, as seems slightly more likely, there is a narrow Tory majority, you can blame the Labour manifesto, not Corbyn.

IMHO the real nightmare would be a minority Labour government, with Lib Dem support (and again, without Corbyn). Then we would be in real trouble...

Remember kids, a Corbyn minority government is just for Christmas. Brexit is forever, along with the virtual elimination of British manufacturing (according to the Brexiteer econimist-in-chief).

[malvolio]

I've resigned myself to waking up on Fri 13th with that.

Such a missed opportunity by Labour not having an electable leader.

While Corbyn is a liability to any right-thinking person he didn't write the manifesto, that was McDonnell and McCluskey. If they win the election, a possibility since too many people seem to have been taken in by Corbyn's doddery grandfather act, he will be gone in a matter of weeks.

If, as seems slightly more likely, there is a narrow Tory majority, you can blame the Labour manifesto, not Corbyn.

IMHO the real nightmare would be a minority Labour government, with Lib Dem support (and again, without Corbyn). Then we would be in real trouble...