Labour's economic plans: Top economist 'SCEPTICAL' over Rachel Reeves £5bn CRACKDOWN | Liam Halligan

'You are right to be sceptical...'
Liam Halligan breaks down Labour's pledge to fund £5bn a year by tackling tax avoidance.
#gbnews #uknews #labour #keirstarmer #rachelreeves #rishisunak #economy #money #finance
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[@paulhank7967]

The welfare bill needs addressing. It's crippling the country. How much is spent on non Brits for stsrters???

[@Jeremiah59]

Housing benefit is expensive because of the lack of them and high immigration. The amount of sick people is due to the NHS not being fit for purpose. Not enough prevention of sickness, GPs are not trained in nutrition!!!! The NHS used to give out cod liver oil, something like this needs to be reinstated. People need to be advised to increase magnesium intake from foods and reduce caffeine in take. I believe there is a significant rise in sickness from electrosmog, our bodies are designed only to function with natural sunlight. The nnEMFs are disrupting cellular function. The NHS is living in the 19th century. The health revolution of the 20th century was based on nutrition, this has long since been forgotten!!! Dr Max Gerson Dr Bircher-benner Dr Francis Pottenger Dr Weston A Price. These are the medical Genius of the 20th Century, instead we are left with crooked pharmaceuticals. 21st Century medicine is electromagnetic, or the avoidance of nnEMF. The welfare bill is the price the UK is paying for bad medicine and ineptitude of the scientific elite.

[@neuralwarp]

OP: oh bal..derdash. The cost of benefits + pensions is way below the cost of tax allowances. In fact, save money by giving everyone £400 a week UBI and closing all those vanity departments.

[@garyh1572]

2/3 rds of the benefits bill is Old Age Pension .

[@geraldfisher3033]

Labour will only increase the Welfare bill ! You are correct. In London some families are getting over £40.000 a Year ! Why bother working. all a complete waste of space.

[@northnsouth6813]

Same old clap trap, nothing ever changes. Fix the system first before throwing more money away.

[@MrReubenTishkoff]

80% of NHS and dentist waiting lists could be reduced with deportation.

[@richard7027]

I trust more Liam than I do Labour or the Tories what does that tell you 🤔

[@markscript5746]

As usual its not really economics but social policy and avoids tackling obvious waste in things like the NHS e.g. diversity officers

[@briancook1487]

Rayner, sunak, starmmer, hunt ect should pay more for damaging uk and corruption

[@Tom17140]

No thats the politians brits love the most.

[@nigeldix4841]

Labour sold all the gold and allowed credit run wild

[@robertadams1054]

Don’t forget, they also raided Private Pensions ? What about Starmer being exempt from paying tax on his CPS pension ? How many Labour MPs have Offshore Bank Accounts.

[@stevehorner9004]

All the Non Doms leave the country, Then What Happens ? JOE PUBLIC PICKS UP THE TAB !!!!!!!!!!!!!!!!!

[@grahambarlow1308]

They are already going . Macron's deal for non doms in Britain is fantastic and they are taking up mresidents by the hundred. Macron is no fool . He sees a chance at once. The stupid Labour Party!!

[@garyh1572]

This country can't afford non-doms .

[@jjefferyworboys8138]

@@garyh1572 They cost the country nothing and contribute a lot in both the spending of their wealth and the fees and taxes they pay on their UK earnings.

[@jjefferyworboys8138]

Absolutely right, Non Doms are very good for the UK . I wonder if the ordinary football supporter realises how many Premier Division footballers and managers are Non Doms ?

[@oracle7017]

So will their first arrest be Angela Rayner?

[@Gary-le7dz]

No there s 650 Tory donors abd mp s owing billions first , plus Rayners been cleared. Do keep up 🤡

[@matthewcook9404]

Ask HMRC.

[@Gary-le7dz]

HMRC and police both cleared her of no wrong doing ….

[@leonardireland7362]

what if these big companies decide to pack up and move there buisness elseware, so labour end up with no extra tax but end up paying more in benifits because of workers loosing there jobs

[@shugieshugied2269]

That's a myth, companies making profits won't pack up and go elsewhere if they have to pay their share of tax, they will still be making plenty of money.

[@neuralwarp]

Move where? The taxes are higher in USA, and everywhere except ROI.

[@AndrewLord]

What like Tice to the Caymans ?????

[@timbrown1897]

liebour could get at least 50 billion from taxing leprechaun's pot of gold just need to find them first

[@rodneyfungus8249]

Have you got any evidence that these Russian donors are tax evaders?

[@neuralwarp]

Stop borrowing money and repaying with interest. Either tax it or print it.

[@lawrenceabbott5292]

Just enough to pay for social housing for all the new migrants.

[@stuartwood5448]

There is no more tax to collect without massive consequences! The non dom issue will give you a one year hit and then nothing - when all the wealthy people leave for the UAE and the welfare and nhs bill is out of control

[@paulpenfold2352]

Labour are looking at public debt in France and seeing that as the extent to how much more they can borrow. Especially now it all gets spent on public sector workers who took out mortgages during QA and low interest rates, meaning it won't be inflationary. Don't expect cuts to Labour's constituency, I mean public bureaucracy.

[@neuralwarp]

Oh we're letting astrologers, economists, and phrenologists set govt policy again, are we?

[@alandraper7901]

Non dom loopholes. She will raise money only if they don't decide to leave the country. They decide not to invest in the British industry.

[@bettyholmes1155]

A labour supporter told me in the early 70s you could only become a millionaire if you fiddled tax

[@littlepippin8445]

This country's problem is its MASSIVE social and NHS welfare costs.

[@CROSSNSHOOT]

Paying for bigger Government and pencil pushers- no thanks Labour!!

[@grahambarlow1308]

Board meetings are already assessing the risks of a Labour Government , which could be far worse than anything under the dreadful Tories.. These plans will effect every Company in Britain. It is already alleged threat Shell PLC are considering a move out of the UK to New York with a New York quote. Less tax risks than being exposed to Labour and better investment potential in New York. How many more are there considering flight out of the UK? The Tax take will shrink beyond all imagined levels never mind non doms . They have already scrammed and taken up Macron lucrative alternative deal in France. They love

[@garyh1572]

Companies are moving out of the UK because of Brexit !!!!

[@grahambarlow1308]

Only if they can get access back to the UK market. If they don't sell in this market there is no point with sky high taxes to stay herte. How many more businesses will leave the risks under Labour are becoming too obvious to stay.@@garyh1572

[@Raph1983]

​@garyh1572 of course they are! I stubbed my toe earlier and that was because of Brexit as well!! 🙄

[@christopherrussell2842]

What about efficiencies in the NHS and other government departments...... not just tax tax tax

[@andystreet4022]

Is this the same RR who has a combined net worth of around £7million with her husband ? Just another careerist who moved into a life of political activism for the easy money. I wouldnt mind if she had been a dynamic captain of industry but nah, nadder.

[@garyh1572]

Same as the current Tory chancellor then .

[@andystreet4022]

@@garyh1572 ......you sad git. Wake up! They are all fucking super rich and unworthy of our votes. Tories, Labour all of them are career activists. You are part of the problem if you cannot work out that your vote would be withheld if it made a difference.

[@keithjackman8886]

I remember when Labour was last in power. What a disaster that was.

[@timothywatson659]

You clearly have a very bad memory then, I'm not a Labour supporter but exactly what was the disaster? And whist you are thinking about that, name three things that have improved in the past 13 years!

[@jjefferyworboys8138]

Me too.

[@jjefferyworboys8138]

@@timothywatson659 The first 10 years of the Tory government were spent rebuilding the public finances after Labour bankrupted them. Austerity was Labours fault. Then came Covid followed by the invasion of Ukraine and the spike in energy prices, both totally outside the control of this or any government. With the benefit of hindsight many things could have done better and much wastage avoided, but it's easy to be wise after the event.

[@timothywatson659]

@jjefferyworboys8138 Interesting you blame the problems today on external events yet the lack of public finances on Labour, conveniently forgetting the Financial Crisis of 2007-08, which was the biggest world financial crisis since 1973 (OPEC crisis). How you can blame austerity on Labour is beyond me - it was a political choice, other countries, notably other countries in the G7 decided on the exact opposite remedy and to invest and grow their way out of recession. You mentioned the debt that Labour left - some 1076 billion or 68% of GDP. Today it stands at 2659 billion or 101% of GDP. Taxes have never been so high, waiting lists for the NHS at record levels, the Armed Forces smaller than at any time since the 19th Century. Immigration at record levels and deportations at record lows - I really could go on. I asked if you could mention three things that have improved in 14 years - I doubt you or anyone else could. Are you seriously blaming this on Russia and Covid?

[@robhunt-watts8908]

Labour....Conservative...? We keep voting one or the other in and nothing changes. I shall cast a vote for Reform UK and that's the last time I ever involve myself with politics. Don't encourage the self seeking, incompetent fools.

[@tonyfraser1749]

Before Sunak became PM I don't remember Liebour ever bringing up the subject of Non Dom tax, And that was only because of Sunak's wife who is exceptionally rich, So yet again Liebour try to play for the Empathy vote from all of those who are not well to do, kind of lets make them jealous and they'll vote for us!! So The Tory's have come up with a similar idea to steal their thunder, but I seem to remember quite a few years ago when Liebour came up with a similar idea and even Rod Stewart threatened to move to California, And it's doubtful Liebour will tighten up any offshore accounts rules as how many of their own MP have offshore accounts. In Fact how many of their own MP's have their own Businesses and use Zero Hours contracts which Liebour bring up occasionally?? And Reeves mainly Talks about Tax "Avoidance" which Liam mentions is Legal, but she hs not mentiond Tax "Evasion" which is Illegal!! As for the NHS, It's a Liebour Government in Wales and apparently the NHS in Wales is in a far worse state than in England with Welsh Patients on English waiting lists, and Liebour keep talking about making the NHS Better, so why haven't they done than in Wales under Liebour??? This is all nothing more thgan smoke and mirrors from Liebour, they think we are all idiots and they can take us for FOOLS!! and anyone would be not just foolish but BLOODY STUPID to vote them into power!!!

[@daithomas9859]

He would be.

[@paulhara3239]

I'd like to hear one party go after all those dodgy contracts given over the 💩 show. Specially that 34 billion on the failed track & trace !!!

[@cha9165]

Why cant parents provide breakfast for their kids?

[@MARTINA-gc3tq]

Won’t the Nondoms just move abroad?

[@johnbarry2192]

Gbnews is not paying tax in the UK, being a Dubai based LLC

[@paulpenfold2352]

So Labour are thinking strategically in trying to shut down a centre-right media outlet. What is it with left-wing totalitarianism. Left-wing authoritarianism was bad enough. Then before that we had left-wing wrongheadedness during covid. Do these people ever change their minds?

[@richardcurtis114]

Heard it all before. From this shower. And the labour shower reform......without a doubt

[@wealdtkd3559]

And liebor want to open the doors and allow more in, yet take from us to fund them..........RIGHT!

[@stumac869]

Of course non-doms will do nothing to avoid tax if Labour try to get them to pay more. It never works because there are too vested interests within parliament and throughout the senior civil service that will work against further taxation of this group.

[@finianlacy8827]

SHE'S WORKING FOR THE BANKS AND WORLD HEALTH ORGANIZATION POLICIES AND IDEOLOGIES AND SHE'S AS DARK AS THEY COME..

[@iantobanter9546]

Liebour equals more tax. No cap on council tax rises and regu!ar re-valuations upwards of property bands in Wales. Highest water charges too. All to fund the worst NHS in Britain and £20k pa migrant handouts.No need to speculate, just look at Welsh Liebour government.

[@finianlacy8827]

She's just as bad if not worse than Sunaks government!!

[@richardbedford2835]

Every prospective government says it will fund its policies by cracking down on tax avoidance. It never happens because it is all talk with no staff to carry it out.

[@1956HBS]

Brown of course took away tax breaks which helped his coffers whilst causing an impoverished future for private sector workers, public sectors workers, Labours client base, were unaffected.

[@Gobble-xh9br]

Except that Liam Halligan is not a "top economist", he's a right-wing journalist and former flatmate of Dominic Cummings.

[@theoutsider6191]

They should maybe have thought about this when they were all baying for lockdowns, which cost the tax payer 500 billion quid, and that is before you look at the recession it drove us into with closing businesses and the like....

[@William_Barnes]

Such small numbers. I could generate somewhere around £20bn for the next incoming government in less than 5 mins. And it's simple. Start enforcing the Online Safety Bill and issue fines to Facebook, Instagram, KZbin et all for all the scam ads they publish. Fines being the max. 10% of global turnover.

[@Jim804]

Labour will be going for the small businesses & self employed. Because they can’t afford it won’t be worth hiring the lawyers to fight any case. They won’t touch any large cooperations I promise you.

[@briankerrison8504]

Top economists.. 🥴🥴😆😆😆😆😆🤭😎

[@martyn6792]

labours magic money tree

[@LooneyPoliticsTunes]

Will they help the chancellor not to forget to pay tax on his properties ?

[@rodneyfungus8249]

No tax is due. A quick internet search will tell you this.

[@LooneyPoliticsTunes]

He admitted it on live TV then paid it

[@dianeglanville]

GMB new should be closed down for hate crimes only vile people go that show because it's a tory show

[@billytoffingham9608]

I am thinking you are de foreigner

[@bettyholmes1155]

What’s known as a figure of speech

[@CaptainChuckles]

If i recall its a word or phrase used in a non literal sense ! Like Shakespear said " All the world is a stage "

[@grahampayne8376]

So much divide and difference of opinions could be the downfall of us all

[@archiemcberry7102]

You will need little money under Labour Socialism as the government will supply your needs.

[@garyh1572]

As it did to you when you took that furlough money .

[@Dhoggy]

Only the needs of who they see fit.

[@archiemcberry7102]

@@garyh1572 Easy money is always welcome.

[@archiemcberry7102]

@@Dhoggy That goes without saying. I doubt I will make the list.

[@Dhoggy]

@@garyh1572 furlough the social gift horse to save all those labour unionised middle classes from their unemployment. Feeding the better than us war.

[@T5Zplayer]

How many millions of non millionaires are here that pay no tax?

[@neuralwarp]

How many multi national corps pay tax?

[@T5Zplayer]

@@neuralwarp Scrounger apologists🤣🤣🤣

[@jjefferyworboys8138]

There are many UK citizens that don't pay any or very little tax as well. £3 in every £10 of income tax is paid by just over 300,000 people.

[@trevaudio]

Top economist ??? Halligan ? The Liz truss and IEA fan boy ??😂

[@Michael-s5b2z]

Blah Blah Blah no one is watching.

[@ancietman]

You are!!.

[@theconspiracyfactualist.144]

​@@ancietmanso am I

[@CaptainChuckles]

You obviously are and unable to make a sensible comment !

[@anthonywilson8998]

For gads sake just let them get on with it. It’s about time everyone was paying what they should. That is the purpose of the tax office . Not to allow wealthy to get away with it. Most workers pay at source but people like bbc workers get away with less payments. That is not on .How much are we losing to false allowances.

[@neuralwarp]

Just tax business profits automatically via banks. Land Registry and DVLA to deduct tax from sale profits.

[@neuralwarp]

Why are we taxing individuals at all? Businesses hold 88% of all UK money.

[@philipbrown5468]

Politicians avoid paying tax by using off shore accounts

[@OBEEGAINZ]

Cash is king Always has and always will be You’ll never stop cash in hand Vote reform uk

[@jjefferyworboys8138]

Cash is king is a phrase I learned when studying accountancy and is used to point out that it doesn't matter how much money you have tied up in assets and how rich you may appear to be on paper, your liabilities (bills) can only be paid with liquid funds. This doesn't mean physical cash money, but funds that are readily available, often those held in bank accounts. "Cash is King" actually has nothing to do with working for cash in hand.