The Tax Rises Have Begun

[@chrispalmer24]

Did you see this coming? 👀

[@bootangy]

nooooo

[@ploppy193]

Yep.

[@FreaksSpeaks]

Not at all.😂

[@KennieFabled]

Nope, just like that 22bn black hole they couldn't see 😂😂

[@dungster33]

Yeah, after Covid you could see this coming years back.

[@GillerHeston]

Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.

[@rogerwheelers4322]

Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement. Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.

[@joshbarney114]

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[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@joshbarney114]

Marisa Michelle Litwinsky is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@FabioOdelega876]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa up and send her a message. You've truly motivated me. God's blessings on you.

[@DS-cf1zc]

Increasing taxation will not grow the economy as they said during the election. Discriminating against pensioners is unforgivable. Calling a national emergency around illegal migration as other countries are doing so would help stymy the flow, and actually deporting people would help too (trust me I worked close to the Immigration removal teams, and they deport so few). Oh and they lied about the black hole - they are well briefed ahead of the election - even the smaller party leaders are briefed. I have worked hard for nearly 40 years, paid a lot in tax and cannot access the systems I have paid literally tens of thousands into when I need them, because they are clogged up with people who dont pay in... thats unhelpful. I am also mega stressed about tax rises - as I dont see a pay rise of sensible proportions coming, and I will have to pick up the tab of whatever they do to us. Shame on them.

[@DS-cf1zc]

I should have added, that what will we do when the NHS is clogged up with pensioners this winter because they dont turn the heating on, and end up ill as a result - lets see what costs more - keeping them in hospital beds with pointless ailments exacerbated by a lack of warmth in their own households - so shortsighted. But at least they will be warm and medically cared for - so might make it through the winter.

[@suewood8538]

The attack on pensions is designed to make people think twice about retiring early and encourage others to return to work. The much maligned Baby Boomers are being missed and there is a desperate skills shortage in this country, but I know people who will live on bread and water rather than return to the world of "preferred pronouns" and DEI. The government is also cynical enough to not mind if more pensioners die, as it saves on the state pension bill and increase IHT. Makes me wonder whether the two strategies aren't linked.

[@DS-cf1zc]

@@suewood8538 I quit one industry a few years ago - prisons - a lot of us experienced folk did - 25 years of my life, treated like shit - and they were almost asking us to leave. It was a mess decades ago.. Its just got a whole lot worse. I will write my book on my experience when I retire - but if you are bored and want a real perspective of prisons - read Ian Achesons Screwed - released this year, and sets a near perfect outline of my experience - and Ian will thank me for another sale. 🤣 And I like your thinking around the new governments pensioner strategy - better dead than red, to stop paying state pensions and to take a chunk more IHT - you have outlived your usefulness to the human race - be off with you. I tolerate our entitled younger generation, our older generation genuinely passed on knowledge and wisdom, our younger generation think they know it all already. Some think they know what I know after 38 years in business, and having survived 25 years behind bars (I always find that funny)- but I tolerate it, so I can call it a day in tens years time. Then I intend to do two days a week pushing trolleys around a supermarket carpark, or to B&Q to give people crap DIY advice. 🤣

[@juliat50]

I disagree. The Torys disproportionately favoured pensioners. The 20 somethings are crushed with rent prices and can't afford to be buy. I am 49 and walked straight in to a nice house at 24, mortgage now paid. I would be living over a shop in a 1 bed flat at 24 in this new world.

[@iaincrowley1339]

The fuel cut on pensioners will save £1.5bn. Yet we are paying £8bn in foreign aid. When he says he's putting country first, which country?

[@chrispalmer24]

They could have at least raised the threshold 🙈 considering they said they wouldn’t punish pensioners? 😂 the lack of trust is at an all time high

[@boyasaka]

Ever mind foreign aid The government has openly said they are spending 6 million pounds per day on hotels for illegal immigrants X that by 365 days and you get more than the fuel cut will save

[@normanross3422]

And the same day they also found £9 billion for a new crossing across the Thames.

[@JohnMackenzieInverness]

If all those Pensioners claim Pension Credit the net will be minus £1.7 Billion and she is the Chancellor God Help Us!!

[@GeordieFX]

Don't forget the 4 billion spent last year to keep immigrants and the 4 billion estimated for this year! Sign the Starmer Step Down permission, over 262,000 sigs now!

[@harrysahota4072]

What's the point of saving long-term into pensions, investing and being prudent. All this waste and then tax's just get put up!

[@chrispalmer24]

It definitely feels deflating!

[@mihaelamarcu5990]

The Labour government won't be there for ever. After this winter, I guess people will feel sorry for voting them.

[@kray8246]

Labour just doing what Labour always does. I'm just shocked people are shocked.

[@lukejackson245]

Great video Chris, please keep them coming! I wake up every night worrying about this labour government and just how badly they will destroy this country. My good friend is moving to Dubai and his best friend is moving his company out of Britain all together because of their policies! Unfortunately I am not in their position or I would be out in a heartbeat 😢

[@chrispalmer24]

I honestly see it so much in the digital space. I can only see it getting worse 🤷‍♂️

[@JD83000]

Im doing everything I can to maximise my yearly Stocks and Shares ISA allowance in the hope that ISAs will remain untouched in the long run. The UK has become a low trust, balkanised country and the social contract has gone. Im looking after myself, my family and that's it.

[@fanfeck2844]

Not arguing, but why do you think they won’t touch ISAs

[@Black-Circle]

same here. zero trust at all

[@nax1807]

people from abroad dream of coming to the UK, i dream of leaving the UK for abroad, that is something is thought i'd never say, but to give me family the standard of living i wish i had growing up, it's gotta be done.

[@chrispalmer24]

I think the grass is always greener too to be honest. I’ve seen some of the conditions in these dream places and it’s either the same story or they’d give their arm to live in the UK. I guess it’s always quite easy to find the negatives. I was always a huge fan of the US, but seeing how many school shootings there are I’m not convinced I could bring up kids there 👀

[@JBLFC92]

@@chrispalmer24 This will sound more callous than it’s meant to but that’s a bit like people who don’t go in the ocean because sharks exist. Chances are so slim. (Probably a higher chance outside of school tbh!)

[@SoMe_YT]

​@@chrispalmer24 It's almost as if the school shootings happen and are so widely reported, as to deter you from wanting to emigrate there...but yeah in any case, the US isn't much different from the UK, over here it's stabbings instead, so out of the frying pan and into the fire!

[@damian1690]

I don’t really understand why the government is allowed to keep changing allowances for our private pension. If we have to commit for it for a very long time (decades) it should be illegal to change it in the way it hurts those who decided to go for it. Any changes should be coming into force in the future, so that people are aware of what they are getting themselves into

[@nax1807]

@ 13:26 there is a third option, it's called cut government spending on programmes that don't immediately benefit the UK population. government spending doesn't stimulate the economy, taxpayer specding does, government spending increases the national defecit. they really need to get back to basics with this stuff.

[@stumac869]

Unfortunately our economy is now so dependent on government (debt) spending it would probably collapse and we'd see deflation if they made signjficant cuts which would hit the rich because since assets prices would fall. Our economy is now a giant ponzi dependent upon government debt and spending.

[@timlodge8267]

I complete agree with what you are saying Chris unfortunately if you disagree with the establishment we are considered FAR RIGHT.

[@fanfeck2844]

I think we’re all far right now.

[@clivedavo]

I took voluntary redundancy and retired aged 54 with one of the main reasons being i was sick and tired of paying 42% tax and NI while seeing that i was getting nothing more for it than people who choose not to work.

[@Swipe650]

Same here mate. My notice went in for early retirement on the day the general election was called.

[@jonathanwarne3480]

Yup, I’m out as soon as possible.

[@tilly.....editssssss8056]

I've just done the same - put in for early retirement, all because labour got in and will not be worth working

[@addictiveaussie]

I retired at 52 down here. Be buggered if I was going to continue to work 6.5 days a week to pay taxes, so others could live a life of bludging off the government and by extension me.

[@suttyotolvajfideszbanda5983]

You must be rich geeeez to do that LOOOOOOOOOOOOOOOOOOOOL

[@adriancowley488]

Full this Government of lies very sad for the country 👎👎👎🤓 And pensioners yet the Prime minister Does not pay tax on his Retirement Pension from 2013😪👎👎👎

[@MsTerriH]

Britain is a service industry that is slowly going bankrupt. We need to invigorate our agricultural and industrial sectors and put these people to work providing a work force for these industries. You are escaping a bad situation in your country, fine, but you will be put into paid work to earn all benefits of this country.

[@richardjones3112]

Unfortunately it’s too late.

[@wetelbow8738]

More annoying that pre election not indicating precisely what tax’s they would be rising.

[@chrispalmer24]

They should have to stick to their word and give every policy so we can vote transparently 👀

[@normanross3422]

Some of their plans for raiding people's pension were already out there [think of Gordon Brown's robbery of people's pensions on steroids] - yet people chose to ignore that...

[@Jonesmatsunaga]

It feels like every time we turn around, taxes are going up. It’s getting harder to manage the impact on our budgets.

[@philipsloan6344]

Ignore the haters, Chris. Labour’s actions should be a concern to any investor and need highlighting and discussing…

[@chrispalmer24]

Thanks Philip! It’s always going to be a mix with these sorts of things. I find it really interesting to talk about what could happen and how it’ll affect us. I mean let’s be honest half of the time we don’t even realise these exist until it’s too late 😂

[@rwrobwalker]

It’s not haters but this video was a very bad one.!

[@clippo111]

People are already taxed on their working pay, why the hell should they pay again on their pension? It's hard enough trying to make provisions for retirement.

[@jack504]

Cancelling Sunaks government helicopter and saving £40M in one go is equivalent to two thirds of all MPs pay for a year (650x92k=£60M). Labours manifesto was up front about raising taxes. Public services need investment after 14 years of Tory mayhem.

[@pataleno]

I was due to retire at 60 in 5 years. I’m ready to retire now. I don’t want to give another penny to this government in tax. I’m done.

[@caroldavies9327]

My small second pension is already taxed because I have to work to survive, savings went to survive the high cost of living and having to go private for dental work, no NHS appointments anywhere !

[@ruthirwin8222]

This is what happens when 1000s dont vote...and then complain

[@p.m.8316]

If voting changed anything it would be illegal

[@spartanmtb2640]

Scraping winter fuel payment is as low as it gets…Labour are as bad as Torries these days if not worse

[@Theother1089]

The British tax payers need to pay higher taxes to subsidise the rest of the world 😢

[@bernieklfc1]

Great video, shows up the Labour government for what they are.

[@sdsparkes]

Good video. Couldn’t agree more. We seem screwed whoever gets in at the moment. The system is broken and it would appear nobody wants to fix it, or at least the top two aren’t interested in fixing it.

[@nax1807]

are we all thinking the same thing but not confident enough to say it due to reprecussions of two tier free speech?

[@stozy1959]

Illegal immigration is crippling us and there is no point in avoiding this aspect anymore. Good for you having the courage to speak the truth. Also, labour are saying they are going to sort out the financial problems but not how, which is causing investors to to be much more defensive. Us pensioners are so concerned too.

[@prodavnicayugo]

Spot on. I work for a major international organisation and when I tell colleagues the U.K. is introducing a 20% tax on education they are amazed, thinking it’s about as destructive and shortsighted as anything they can imagine.

[@Bomag]

You're spot on with the mental toll and loss of motivation lately, knowing how much we are about to be shafted. Pension ages ever rising, shrinking life time caps (wrt to inflation), they're already talking about robbing our ISAs next to make sure we don't dare to try to use those to bridge the gap.

[@charlottedyson1139]

Great video Chris! You cannot trust any of them! 🥴

[@chrispalmer24]

Thanks Charlotte!

[@robertsmuggles6871]

People create wealth not government. Government cannot create any wealth. It can only spend it. Engineers, product managers, teachers, designers, artists for example - the creators of wealth and key practitioners do not have a seat at the top table in the British establishment.

[@Draggonny]

Good infrastructure can boost businesses and indirectly create wealth. Transport infrastructure can make or break delivery systems and lost man hours due to traffic delays can lead to reputational damage when service levels fall. That's how the government can boost the economy.

[@davidb6403]

Well that's just nonsense, education, health, transport and energy are all necessary to create wealth

[@coderider3022]

There isn’t going to be a “bug sprint” on tax code. They will target allowances , things which can be switched on and off and easy to implement by employers. Loopholes and exceptions via credits etc. there won’t be council tax and ni overhauls. That would take full commitment , huge political capital and ruinous if they some group was disadvantaged.

[@88doonyboy88]

Great video. I can’t be as balanced as you as the government rhetoric has made me want to put my head in a blender, but your indignant calm makes this vid reasonably uplifting.😅

[@chrispalmer24]

Thanks mate. I have to stay in the middle and not go too off rails 😂 I think it’s really good to discuss this stuff and talk about what’s going on. So much gets pulled over our eyes!

[@skid9065]

Someone has to pay for the dead wood

[@fanfeck2844]

And the unwanted wood

[@timlodge8267]

The Laffer curve comes to mind.

[@RYZ3N-ex7uf]

I cant believe I am saying this... The tories warned us...

[@BobFudge518]

Simple really. It time to vote Reform at all opportunities. I will be. 👍

[@stephen2203]

"the thought of all my hard work being taken away from me after I've sacrificed so much to get here..." you are not alone!

[@mixerman8]

It’s socialism on steroids the beginning of. All you have to do is read the policies of these think tanks esp Resolution Foundation. I can guarantee they won’t be touching the public/civil service gold plated pensions. Nothing against public sector, we have family:friends that work in the NHS. We know of 3 people that have been off sick on full pay for 6 months. Plus 3 x 12 hour shifts is full time. The overtime on external agencies is fantastic. Plus a whole load of benefits inc generous holidays. Average person in private gets 3% employer contribution and a 25% pay while off sick it’s a joke. The very few of us in private that have tried to match these gold plated pensions by investing will be picking up the burden of these new measures.

[@Olympus_Advice]

Great video, clear, straight to the point and unbiased. Thanks Chris!

[@Lynnpjjbdndji]

Amazing how NOW the electoral system needs rethinking. LMAO Hypocrisy at it's Best !!!!!

[@fanfeck2844]

Do you think it doesn’t?

[@iMetal87]

I’d not be surprised to see VAT added to platform, trading and fund fees. Very easy to implement, no legal disputes like any property tax, will raise large amounts and mainly in proportion to the size of assets but at a negligible amount for many individuals

[@alexkf_]

Presumably if the voting system was different then the parties would change their strtegy accordingly right? They're just playing the system that's infront of them to their own advantage so comparing the results in that way might skew things.

[@andykerr4180]

Millions of people want a better life but as a small country we cannot solve the worlds problems. People need to understand that mass uncontrolled migration and the illegal migration affects the poorest in society.

[@sherandeputt3158]

If CGT is increased. It will backfire. Investors will avoid selling or will just leave the country. Nice one reeves 🙄

[@jimbojimbo6873]

Rwanda is a fantastic country just saying.

[@klawlor3659]

It certainly seems to be going in the right direction regarding industrial development and investment. Give it 5 years and I think it'll be an industrial powerhouse, and given their increasing ties with China they could be the ones to watch.

[@jimbojimbo6873]

@@klawlor3659 rwanda forever

[@gavjlewis]

There is obviously the reversal of the 5p on fuel duty (worth 6p once you include VAT). Thats worth about £2 billion.

[@thegareth7878]

Which tax rise has actually been announced/confirmed or are we taking the it’s going to be a tough budget comment to justify this

[@chrispalmer24]

It’ll all come in the budget for sure. Big news on pension relief being the target today they are considering. Maybe a cap at £100k which would effect everyone but still not amazing

[@connormcqueen3633]

The bond market is laughing at the UK right now. Literally every Bond dealer around the world could see the state of the public finances well before Reeves came in and suddenly discovered it.

[@clarenceishmael9615]

Really good vid! Your best yet i think! 👏🏾👏🏾

[@chrispalmer24]

Thanks Clarence, appreciate it!

[@michaeldennis1569]

Tough, unpopular decisions are always best made at the beginning of a Parliamentary term. The Govt has inherited a £22 billion fiscal hole so it has to address that before it can do what it was elected to do and part of that is to improve public services which are in the worst state than i can ever remember. Yes it is unfortunate that pensioners and those families with more than two children are having to take the hit but we must also bear in mind that many pensioners can take it because they have sufficient income to live on. As for apportioning blame, it is not Labour that left the economy and our services in such as parlous state. It's the Tories pure and simple. What i find unforgivable is Starmer's reluctance to address the elephant in the room for fear of losing support in the red wall seat and that is Brexit for it is that which is the cause. of most of our problems and will continue to be so until we at the very least re-enter the Single Market as a prelude to rejoining the EU

[@honestrunescaper]

Spot on

[@martincheung2943]

The reality is that no matter who won the election, taxes would rise. The only questions were the excuse used and who would pay.

[@damian1690]

To be honest, it’s the same with UK citizens. I know that they should have more rights than illegal immigrants, but if you can get from benefits the same amount as working in full time employment for a minimum wage, you start to wonder what’s the point of working and paying higher and higher taxes if u can be handed everything by the government…

[@jimh4072]

They will tax you so much until you are starving in the gutter.

[@MarkBurnham-x2w]

Chris - I don't think you understand the concept of council tax as you stated on a previous video which you commented back on me to. Council tax bands are based on 1991 prices so if that house was worth £100,000 it was say band C. If that house was sold for £300,000 in 2024 it will still be band C as it was worth £100,000 in 1991. A £100,000 house bought in 2024 will most likely not have been worth £100,000 in 1991 and will be banded at the same worth as it was in 1991. When a property is sold it is reassessed to see if the band that it was in is still applicable today i.e has it been extended dragging the value up to maybe go into a higher band. Today's prices have no bearing on the counil tax bands apart from as mentioned when a property is sold. Basically someone could have had a small 2 bed property and extended it to a 6 bed mansion but because it's not sold since 1991 it will still be valued as the 2 bed property it was in 1991.

[@chrispalmer24]

Hmmm. I'm trying to work out if what I said was unclear. The point in this one was that someone who buys for example a £365,000 new build today could be paying so much more than someone who has a £365,000 value house they have had since 1991. I'm sure that's right? Unless I'm missing something like the reassessment you mentioned. I'm in the second highest council tax band, despite the property being built in 1986 in Wales, although I'm pretty sure that's just because of the 2003 values rather than 1991.

[@MarkBurnham-x2w]

The new house at 365,000 will pay the price of a comparable property in its area as it will be assessed by the council and government. The house that was £365,000 in 1991 will be reassessed if it's in the correct band when sold and has no bearing on a current property worth £365,000. The property worth £365,000 will most likely be in the highest bands anywhere in the country regardless if it's sold or not since. A £365,000 property in 2024 could be in a higher band in some areas and lower in others as it depends where in the country it is due to property value disparity around the country. The value of £365,000 in 2024 has no effect on the banding at that price in 1991. It will be assessed at what it would have been worth in 1991 which would be significantly lower than it's value today. So a £365,000 property in 2024 could have been £100,000 in that area in 1991 and will be assessed that way. The issue this system has is that there are properties that have been extended that will still be paying the 1991 band as it may not have sold and hasn't been reassessed since. Eg a 2 bed house in 1991 has been extended to a 6 bed property since then but will still be paying council tax of a 2 bed as it hasn't sold.

[@B0jangle5]

VED being transferred to fuel tax seems like a win. CGT on dividends would also balance things out a bit.

[@chrispalmer24]

I hope it does get balanced and not just on us folk in the middle 🤞

[@TonyRobertson6]

put starmer in prison

[@davidb6403]

lol 2 months in and the unremarkables are revolting!

[@cashkitty3472]

You can recall you local labour mp if they have done something wrong. Scrutinise all their tweets and expenses ajd start recalling them to start a by elections.

[@Dunk1970]

My personal view is to reverse this year's NI cut. Changing multple other areas that muck up years of planning by people preparing for retirement causes way more admin and causes more strife. People have only had this year's NI cut for 5 months. Putting that back to last year's level removes the entire (made up) black hole and nothing else needs to change.

[@chrispalmer24]

It was a very odd cut indeed! It would be a no brainer to reverse it.

[@addictiveaussie]

“Those who vote decide nothing. Those who count the vote decide everything.” - Joseph Stalin

[@JohnMackenzieInverness]

The DWP have stated 880,000 pensioners are eligible to get Pension Credit worth around £3,700 a year this will this will result in paying £3.432 Billion so Robber Reeves you hoped to get £1.5 Billion so your tax grab is going to raise MINUS £1.7 Billion!! Math's does not seem to be your strong point

[@anandben953]

Loved every single detail of the video Chris, be it India or UK the hard working/slightly better off people are getting taxed the most

[@01mememememe]

hey - great video. Whats with the pineapples?> Assume good luck fruit wealth wise?

[@chrispalmer24]

Originally I liked them because thought they were on palm trees (palmer) then I was like “doh” 😂 then liked them so kept them. I’ve recently come to learn it’s the symbol for swingers on cruise ships 🤣 maybe I’ll change at some point but it’s sort of a staple in my background now lol

[@01mememememe]

@@chrispalmer24 Logical thinking till the cruise ships part - oh Matron

[@Jimmybob21]

i totally agree! UK is in the worst state ive ever seen :(

[@bodgespuds]

Yes because of Tory rule.

[@Swipe650]

@@bodgespuds And about to get a whole lot worse.

[@klawlor3659]

Labour, Tory same old story....

[@stephen2203]

... If I leave my partner she will be able to claim pension credit, get winter fuel allowance, reduce the council tax by 30% (or whatever) and probably be better off.

[@ukulelalienation]

As a small business owner I am concerned that the VAT threshold of £90k will be dropped or even halved. This will bring an estimated 500k small businesses into the VAT band.

[@chrispalmer24]

I really hope not, it's been frozen/stagnant for so long, it should be way higher. Or at least designed in a way that doesn't penalise people as harshly. I fell in to it and it made me frustratingly more expensive. I could probably drop out of it this next year, but it's the hassle of doing so now!

[@DrBenVincent]

The country is not in a bad financial state. We have a central bank that issues sterling.

[@mrlolmaster1019]

to my suprise I learnt the Pope is Catholic

[@davidoram7501]

oh dear... too political.

[@chrispalmer24]

Seems a lot think the same! But that’s fine 😊 I like to cover things that can affect our money. I don’t have any preference over any party so think I’m pretty neutral

[@petrik25]

Hi, not much to the topic in video but here is my question: as a newby which fund i should start with. Here is more detail. Planing on investing around £1000/m. Pension, just crappy work pension. As a newby i am planing on to put full 1000 into one found, for time being to build some cash, thinking of sp500 or sp500tech. Then maybe after a year or two, open second one, something all world or development coutries, or other one where china, japan and so on are in. Set and forget. Also thinking maybe divident one. But that decision i will have to make later. After opening second one, investing ratio planing to split to 40:60. 40 on old one, 60 on new, second one. Time wise, planing on to keep it for about 15, max 20 years. What do you think about that, any pros and cons?

[@chrisduffill5248]

What about train drivers now on plus 80k …..

[@Ingsta6603]

Don’t get me started on train drivers. Wouldn’t pay them in piss.

[@tombrown1515]

the only way this makes sense is if its for investment in our economy to make jobs, if its just austerity to sort out the deficit we tried that

[@Dunk1970]

Regarding fiscal drag, people should remember that Labour (1997 to 2010) had the Lower Earnings Limit (the earnings level where you start paying Income Tax) pretty much track with inflation. The Conservatives did then accelerate its rise way faster than inflation. Even with it being frozen for the last 3 years, overall it is still way above the level it was in 2010 compared to inflation. As the IFS stated recently, while the Tax Burden is at a 70 year high, the amount the average salaried person pays in income related taxes is at a 50 year low in real terms.

[@gregoryclack8439]

I just wish someone would introduce Reeves to Hyman Minsky and Wynne Godley!

[@jamesmulrooney3309]

Unless they invest in trade and technology, the UK will always be the stagnation nation for everyone except for those at the top

[@coling4991]

I think the black hole is between her ears, not in the public finances 🤣. Also do you think the unions will ask for a new clause in workers contracts saying "our workers (including the train drivers) don't have "broad shoulders", so don't you dare come after us for extra tax, or we'll strike (again)" 👀.

[@86tunst]

Your wrong both parties aren't centre, tories have turned into a centre-left party and labour are a pretty left wing party almost or on the verge of far-left

[@0casey963]

This labour party aren't far left at all, complete nonsense.

[@spartanmtb2640]

Nonsense

[@Bluearmy76]

@@0casey963they cant even tell you what a woman is!! 🤦

[@0casey963]

@@Bluearmy76 not sure why that makes them far left.

[@chrisstone4648]

@@0casey963depends how you determine “left wing”. For many people: high taxes + in bed with the unions + big state = left wing. There are other factors too, hence i agree with the OP, the Tories haven’t been right wing since Cameron 2008/2009.

[@russellpetrie119]

when taxes rise does this mean recession with hi inflation?

[@chrisduffill5248]

Proportional representation is needed

[@iantobanter9546]

Enjoying your "change" Liebour voters? Go Reform !

[@gazdude23]

Normally find this channel fairly level headed and sensible but bringing in politics has soured it a bit for me - think Chris should pack off to Dubai and pay no tax, seems like his dream situation

[@chrispalmer24]

I like to also cover topics that everyone’s talking about. Everyone is asking me how their pensions and investing will be affected by policy changes so seems silly to ignore it. I’ll still make regular content too. I did consider Dubai but I’ve chose to stay here. I’ll have paid over £60,000 in tax this year (so I’m far from avoiding it) but similarly don’t feel like I should be happy about paying more 🤷‍♂️

[@Swipe650]

Found the labour voter

[@gazdude23]

I’m on the same FIRE path as Chris (and also paying tonnes in tax as a higher bracket tax earner) so a certain government would selfishly be great for me but unfortunately look what’s happened to the country in general over the last 12 years!

[@Bluearmy76]

It’s very important to know the two are inextricably linked. Especially if you didn’t already. If you work, you will be significantly worse off under labour.. as the last 6 weeks should have shown you already!!

[@jonathanhawkins2227]

Labour = let’s tax and the tax more so can give it away even more

[@infour44]

✈️ makes you think.

[@D_B_Cooper]

Since the tories are so bad, evil etc, surely labour will repeal all the laws passed since 2010

[@chrispalmer24]

You would think so! Especially ones they were so against but now seem fine with 😂

[@nax1807]

can we have winstonchurchill back? or Henry the 8th....

[@russellpetrie119]

and breathe while its free

[@hughiemg2]

Why does no one mention equity release when it comes to pensioners. Someone who is asset rich but cash poor is still rich. I think equity release should be made more affordable as a way that pensioners can supplement their income if they are struggling. It's unpopular though as many want to leave it to children/grandchildren as inheritance

[@chrispalmer24]

I think it’s brilliant. Honestly I’d be happy for my parents to just spend it and enjoy their lives as much as they can. But I get why people want to for sure.

[@hughiemg2]

@@chrispalmer24 I'm the same. The only draw back is that as far as I know its expensive. I think there is a merit in the Govt offering some sort of a scheme where there is the capacity for an equity release which is held as a lean against the property until time of inheritance with a base rate level of interest.

[@simon_knows_stuff]

You will own nothing....Now where have I heard this before...?

[@chqshaitan1]

good video bud

[@FlyingFun.]

The world is going crazy and "I" need therapy?😂

[@bermudarailway]

Anyone remember the 1970s ?

[@manishg214]

Can’t we have Sunak back? 😢😢😢

[@KevinP-y7k]

I don't mind paying tax to keep refugees safe.. it's the pensionairs I hate .. they have lived way too long

[@craigsketo]

Great video as usual Chris, there's not a blackhole of anywhere near the size they are claiming (and blaming on the tories) and I didn't vote tory at the last election just in case someone is thinking my attitude suggests I did , they have chosen to spend where they have, this video is a brilliant explanation by a very clever fellow who happens to lecture economics at Sheffield university I believe amongst other things kzbin.info/www/bejne/m6CQlJqLqalsgtk

[@edc1569]

We could just rejoin the EU, 22bn is small peanuts compared to the ongoing costs of Brexit.

[@chrispalmer24]

I wouldn’t even like to imagine how much they’d charge us to rejoin 😂

[@jodylufc4481]

I think they said we'd be ok to go back in as long as we agreed to the same movement of people that they have. I didn't vote for brexit, those that did should pay the bill if there is one 😂 ​@chrispalmer24

[@joshuat1535]

bear the blunt 🤣

[@Black-Circle]

both are horrible at managing the economy