Those who voted Labour yesterday will rue the fact they did.
Another party that hates the people of this country.
A party that will raid the coffers of those that have scrimped and saved.
A party that delights in replacing YOU the people that voted then in with people from elsewhere.
A party that does not support the worker.
At least 5 years of torture ensues.
I'm coming up for retirement at the end of this 5 year term. The people that voted Labour have now made that an impossibility. There will be a raid on pensions like Brown did, a stripping away of retirement benefits and an impoverishment of OAPs.
UPDATE:
Bad news for the aspirant poor. Anyone trying to rise above their station will find it hard. I have it on good authority that Labour will start to target savings - and fairly modest savings at that. They will trouser the interest on those savings and it's not clear yet whether they will introduce a tax on savings that will tax a nest-egg over a certain value, not just the interest generated by it.
It will be interesting how to work around any new rules Labour bring in. Do you invest or will they also clobber investments over a certain sum along with the interest generated?
Will ISAs retain their special status or will that all be cancelled now?
Certainly Pensioners that have saved all their lives using money that was already taxed will find that taxed money will be taxed again if they've saved over a certain sum.
It's not looking good for the elderly. May as well check into into of the NHS death centres, formerly known as hospitals.
Those people trying to make ends meet by buying and selling stuff online will find more intrusion into their affairs by the tax man.
The IR35 tax rules (brought in by Blair) will be enforced even tighter and with a wider remit. ANYONE that works for a company even if they are completely independent will be deemed a hidden employee and will have to pay PAYE tax levels, despite having no connection to the client they are working for, no benefits, etc.
I think the rules will be tightened so that if you are a single self-employed person and you do some work for a company, for instance accountancy, that job will be deemed as something that could and should be done by a PAYE employee and will fall foul of IR35. I believe that you will only be cut some slack if you supply a service that cannot reasonably be done by an employee. The catch-all being the word "reasonably" that would need to be tested in court.
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