“This Is A Political Choice!” Public Sector Pots To Be Spared From Budget Tax Raid
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- Опубліковано 23 жов 2024
- Talk’s Peter Cardwell and acting director of communications at the Institute of Economic Affairs, Reem Ibrahim, discuss the upcoming UK Budget and proposed changes to pension taxation.
Rachel Reeves is expected to raise tax on employer pension contributions, which could cost higher earners around £1,800 on their retirement savings.
But, the Treasury could reimburse public sector employers, which includes the NHS and Government departments.
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#economy #budget #politics #labour
Private sector workers should launch a class action against the state for discrimination.
No one who works in the private sector should ever vote Labour
some one needs to challenge her in court, this is soooo wrong.
The WEF want to get rid of middle class.
Same as Pol Pot.
correct ; back to Serfdom. The Lords and masters and the rest kept down, not able to move or do anything.
'You will own nothing and be happy.'
GREEN ENEGY AND CARBON CAPTURE COSTING 1 TRILLIAN (LABOUR MADE THE BLACK HOLE) PUT THE POWER STATION BACK ON LINE
Black hole 22 bill yesterday today its 40 bill COME ON
Fun that public sector pensions are exempt, that’s protecting her and all the other MP’s pensions in the future.
Public sector pensions are underwritten by the tax payer.
I cant wait for the budget next wednesday, there will be shocks all round and god knows how the people of the country will react to it
i'LL tell you how the Brits will react. They'll moan and whinge a bit, and then go back to the footy, foreign hols and getting pissed
Not very well.
As a small business owner, I already feel very despondent about this budget. The feeling is that it won't be a budget for growing the economy, but more like one that will stiffle growth. Maybe even putting more pressure on small businesses to close.
The private sector is still paying back Covid loans and Furlough. Why does the Public sector get away will not paying Furlough back, every public sector worker should be taxed to get that back.
And Only the private sector, the public sector is run by their paymasters so they will do nothing to upset the unions.
Public Sector create NO NEW MONEY and contribute NO NEW MONEY
Simplest way to deal with Public Sector Pensions is to cease the inflation linked final salary schemes! This would save Billions as Richard Tice has been saying for several years.
Corruption springs to mind 😅
We need honesty about public sector renumeration. Need to compare the total package when comparing to private sector and dealing with the unions over pay rises.
It's clear that she doesn't understand that the public sector cannot exist without the private sector and that a relationship needs to be maintained.
Likewise, government spending should not be in excess of the incoming revenue and cuts have to be made accordingly.
The key relationship is that of GDP and public sector spending which should be kept at around 35% of GDP or less. Anything higher than this becomes more unsustainable, the higher this percentage goes and would be disastrous for the economy due to over taxation and public ownership.
Stand by for a jolly nice tax raid on your private pension.
Luckily I’ve already got mine.
One way to bankrupt small businesses who only employ small number of people.
Using private pension to pay for public sector, because the government’s didn’t put the money in fund just put in general spending thinking that future would take care of them.
I am waiting for the market panic next week.
She starts to target savings, investment etc. All that will happen is people will be moving them overseas, outside of the UK
How's it even lawful to have a difference in tax treatment between the private and public sector?
Wow had you been living under a rock? Lol
Just look at Starmer’s pension. Also the fact he gets free clothes
The great divide in this country used to be class, now it is dependency on the state, which includes public servants and benefit claimants, our current cabinet have only worked for the state. Pensions are savings for a persons retirement, and only the public sector has final salary schemes. For instance a teacher on £40, 000 has their employer save £11,520 each year, this is why they can, like lots of public servants retire at 55, while the rest of us work another 11 years.
Become a teacher then
@@nicksloan8860tit
And getting longer.
They want to work the rest of us to death to pay for the people who rely on the state which in turn relies upon the hard graft of the rest of us.
How can the state employees be called Public Servants? It baffles me!
A servant wouldn't expect to be paid on par to the persons paying their wages.
They are forgetting that its private sector workers that make the money to pay for their existence. The the moral here should be ' don't bite the hand that feeds you'
Public sector pension, just like state pension, is unsustainable.
All public sector should be moved to defined contribution pensions. A pot that sits outside the government. Self funding. As opposed to burdening the tax payers
Especially as 25% of our Council Tax is paying for the Local Government pension scheme.
Then public sector pay would have to rise to match private sector. The whole point of public sector pensions is to balance out the inequality.
Oh so you're in favour of raising public sector wages to match private sector wages then? Sounds good!
Doctors in the US earn £300-800k. Doctors here earn £120k. Sounds like a fair compromise.
@@iaing9028 a ridiculous scenario.
@BunFight nonsense, the reason why public sector wages are lower. Is it almost impossible to lose a public sector job? You end up moving departments long before you will ever get laid off.
That extra security is why the wages are typically lower than the private counterpart that actually has deadlines and performance expectations.
Someone in the public sector could do virtually nothing all day, and nothing would happen. Do that in the private sector. You are down the road.
Not to mention, public sector workers. Their employer, the government, is 3 trillion in debt, the private sector is not. So can afford to pay more. If the government was ran more like a business, being more financially responsible/ mature then they wouldn't have a debt holding back wages.
Public sector employer is broke
It's smart. Who in the public sector would vote against this. As the government grows more free votes.
So the people who make money for the country penalised YET AGAIN, why bother?
Labour = All Taxes Rise Talk TV.
Public sector employees, acting collectively, contribute financially to a political party that later rewards them with financial benefits. If private sector workers engaged in similar collective actions, it would likely fall foul of laws such as the Fraud Act 2006 or the Bribery Act 2010, and would be considered fraudulent, resulting in prison sentences.
ask starmer & co, they should all know about this!
No she can't she has to go either sacked or resign si.ple shes not wanted in the people's Parliament end of .
Public sector doesn't generate the money the private sector does.
This is completely unfair and it's about time we did something about it.
Starting with getting Labour out.
What will happen if WE all go in strike
Join a union and do it then
1970 strikes here we go again😢
what about Poppies and memorial day for the 7 million innocent civilians people mass murdered slaughtered by the british colonial army royal rule? british people not regretting mourning or remorse for them ? proves how injust cruel british people are today too
Bankruptcy Beckons 😎
yet again two tier ...... labours mates get the carrot, everyone else the stick. what happens to the state apparatus when they've crippled the money tree private sector? because thats what they are doing
Public Sector and Private Sector pensions are already very much 2 tier - try finding a private sector job with a defined benefit scheme. So of course 2TK and Thieves decide to raid the sector with the poorest provision.
Public sector pension contributions from the individual, are huge per month, which many people fail to acknowledge.
@@BunFight Police and Teachers average out at around 9.5%. NHS is 9.8% while Local Government is around 6.8% on average. Hardly huge; particularly when their employers are frequently paying across in excess of 20% and their annual benefits upon retirement are far more generous than anything a commercial annuity offers.
Oh no, guess older people should stop buying avocado on toast and pull themselves up by their bootstraps… not funny when you’re the one getting stiffed now is it
Those who work in the public sector put far more money into their pensions on a monthly basis. I wonder why this doesn’t get mentioned.
She supposed to be an a economist lies, a champion chess player lies, has she every run her own business no as she's not clever enough to do that and she the chancellor what a joke.
Rachel Thieves 😂😂😂
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