Not a big issue to tax dividends, that won't get the truly wealthy and anyone seeing that coming will simply move their stock to a non dividend paying portfolio. Tax debt over a certain threshold would really hit the rich hard. The problem as usual is if only we do it that debt is reconstructed elsewhere (assuming it was ever here in the first place).
I never thought I'd see the day that a Labour government would pick on poor, vulnerable people.
They've gone for disabled people previously so I'm not surprised. I am surprised that it's one of the first moves. Way to set out their stall.
It's an illustration of what progressive taxation actually means. It doesn't depend on the particular numbers you plug in. It depends on the way that the taxation is proportionate to wealth. Hence it is generalisable.
There are people on the State Pension who do not qualify for Pension Credit, but qualify for Housing Beneift and/or Coucil Tax Support. I think that these people will still receive the Winter Fuel Allowance.
That's the thing about UK governments - they hate raising the headline income tax rate. Except income tax is progressive, and the stealth taxes (or cuts) that they introduce to cover not altering them are almost always regressive.
I live in a 2 bed HA flat....when this block of flats was built it was privately owned and for sale.......at some point it was taken over by a HA and the council but my flat is band D and without the 25% single person discount i would be seriously fucked, i work 45 hours a week on just above minimum wage and even though the rent is nothing like private rent things are very tight.......i know people in quite large houses with gardens that pay the same or less council tax than i do...after spending a life of frequently moving house and living here for 8 and a half years this is now my home, yes i have a spare bedroom (my youngest son lived here when i first moved here here) but i no longer have the resources to move even if i wanted to.
Also, if the 25% cut was introduced, and you moved to a Band C or a Band B dwelling, your council tax liability would probably be no less.
It doesn't occur to you that many people in the houses you think they should leave will face hurdles finding suitable accommodation because there's not an infinite supply of it and many blocks of flats will not have accessibility features they require: not to mention moving will often exclude people from the community and networks of support they formerly enjoyed
Apply for a re-calculation. My 3 bed HA flat was moved from D to C. It's usually a very simple thing to apply for on the council's web site.
Where exactly though? A nice area in Bury St. Edmonds with a house like that is worth the same as a 1 bed in Islington. And taxed accordingly.
Islington (or at least around the Angel) was early to the game, which is why I picked that and not Hackney. The Blairs were already living there in 1993 and their place cost £375k in 1993 money.
right wing something?
I was thinking of the actual bands, more than what they cost. There are a lot more houses in Band H in Kensington and Chelsea. mentalchik was saying they're in the same town, so quite probably it's the same band for the same CT.
I would think that most homes wouldn't move, but I'd also expect the changes to be a lot more than you're suggesting. Remember that the values for the tax bands are set for England as a whole, and a great many areas have changed their value relative to the whole of England in the past 30 years.
D to B would be roughly the value of the discount on a D (though not quite). Obviously this changes wildly by area, but that's based on the average rates for England.
Right wing shit
