Agentgonzo
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So all of this is based on rumours and guesswork then 
General election
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ClownPrince
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Did he also not say he was going to tax them more?
So confused right now.
ClownPrince
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Yeah me too. Felt like a very leading way to describe someone not mentioning something.
Not adding any new taxes is a lot different to adding to though's already in place, Starboy Raynor and Reeves i wouldn't trust with anything
An Ankoù
Landlord.
Why do you call him Del Boy when his middle name is Rodney?An interesting interview this morning.
Del Boy Starmer -
No income tax no VAT (rises) no Tory magic money tree.
Grandad better hide his pension book.
Not sure, I am in the lakes today and the radio signal is very hit and miss I will have to listen again when I get home later, it did strike me as odd one of the first questions was about raising tax on pensions which reminded me about the leak I heard the other day, I haven't time to check if the leak is real or not but the old saying no smoke without fire may fit here
It looks like it may have been something Sunak said that i picked up on the radio -
A retirement tax sounds like a new tax policy that would target pensioners - but Labour have not announced anything like this.
So, it’s unlikely that Labour would bring in an explicit retirement tax. Although of course, political parties can (and do) introduce new policies that are not in their manifestos.
What the Tories are referring to when they say “retirement tax” is the fact the state pension will soon rise above the tax-free personal allowance.
The full new state pension is currently worth £11,502 a year. The personal allowance is £12,570. There are no plans to increase the personal allowance, but thanks to the triple lock, the state pension will rise each year by at least 2.5%.
The state pension is likely to breach the personal allowance by 2027-28, meaning retirees will have to pay income tax on part of their state pension.
The Conservatives have announced “triple lock plus” to get around this problem. If the party wins the election, they say they would introduce a new personal allowance for pensioners, which would rise in line with the triple lock - therefore keeping pace with the state pension and reducing the risk of pensioners being taxed.
Labour have not committed to such a policy. Last month, Starmer described the move as “desperate”, adding that it would leave a “Corbyn-style” black hole in the public finances.
https://moneyweek.com/economy/general-election/will-labour-introduce-a-retirement-tax
Right, so the Tories triple locked state pensioners into paying income tax by fixing the lower income tax rate until 2028, but they haven’t done anything about it while they were in power, and now they’re using that as a stick to beat Labour with?
Ah classic Tories.
Ah classic Tories.
Agentgonzo
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Which is, ironically, something that they have basically introduced themselves by increasing pensions but not increasing tax thresholds.
Edit. Jocky beat me to it
As for taxing pensioners, there are now 8.5 million pensioners paying tax, which is up 2 million in the last 4 years, so I think it's very unfair to say...
...when that raid has been well and truly on for years at this point.
...when that raid has been well and truly on for years at this point.
Don't come in here with your nuanced, factual arguments.
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Labour have ruled out income tax, national insurance or VAT hikes where are they going to get the money to pay for all policies in their manifesto?
The magic money tree
Almost!
They rely upon raising £5.2bn from clamping down on tax avoidance.
Clamping down on tax avoidance is the real magic money tree. It sounds great to everyone, everyone uses it in their manifesto and then it never actually appears.
The Tories are also looking to get £6bn from the same source.
Agentgonzo
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Given some of the comments on here, it's hard to tell sometimes
Agentgonzo
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same place the Tories have been pulling it from for the past 14 years? That good old magic money tree. If May can find a quick billion down the back of the sofa to pay off the DUC, then I'm sure that other parties will be able to find some too!
Are you telling us you have never heard -
Del Boy Starmer -
No income tax no VAT (rises) no Tory magic money tree.
Grandad better hide his pension book.
