Considering voting Labour?

@chelleryn99

Nationalising water, energy and Royal Mail would pay for itself within seven years, according to new research!

It would also save householders a packet!

Bring it on!

#VoteLabour2019 #GE2019

Here is how it’s being paid for. Brilliant!

Ash Sarkar
@AyoCaesar
·
Fast and free fibre optic broadband for everyone in the UK, paid for by taxing Amazon, Facebook and Google.

Andrew Towers
@_andrewtowers
Labour's broadband policy is going down a storm.

And here's an interesting fact: having one infrastructure provider is cheaper than the Tory's approach of having several. By some £12bn.

Says who? Says the research the government itself has published... assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/727890/FTIR_Annex_A_-_FE_Report.pdf

Sensible and thinking man

Michael Rosen
@MichaelRosenYes

Dear Guardian
I am an incredibly famous person but after talking to people of colour, the disabled, the working class, users of the NHS and schools, the North London elite (nudge nudge), I am unable to vote Tory or LibDem who enabled the Tories in coalition, Yrs Michael Rosen

Isn’t it! Can’t wait to see how t’others are going to top that!

Michael Walker
@michaeljswalker

There are brilliant ethical and economic arguments for why we need free and fast broadband as a universal right.

But more importantly, have you met a single person that doesn’t hate their internet provider?

Electoral genius ?

WWM2 Looks pretty good to me.

As long as you are prepared to put up with the continued destruction of the NHS , the creation of more homeless and your GCs schools being strapped for cash.

You're not obliged to, ladies...

Nor me

Nor me

Considering voting Labour?

Not in a month of Sundays

OK I’ve just posted the initial look at the Tories spending plan, so will now do the same for Labour.

McDonnell.

Borrowing for infrastructure will slightly exceed the recommended OECD recommendation by 0.5%, in recognition of the failure over recent years to build and maintain new and existing road, rail and buildings.

This represents 4% of GDP. And represents a longer term fund.

It is planned that a new Treasury Office is based in the north of England. (Watch the Treasury moan like mad over that)

McDonnell intends that this office will oversee a “social transformation fund” over 5 years.
This is for schools, hospitals and care homes and amounts to £150bn

And a “green transformation fund” over 10 years.
This includes Crossrail for the North, and funding offshore wind farms.

The chief economist of IPPR said that Labour is borrowing to invest back into the country.

WWM2 - I notice one of the letters of the participants of your link states "I resigned from work to look after my daughter. My benefits are capped at £23,000."

My daughter-in-law would love to give up work to look after her son, but because of their mortgage, she can't afford to, so continues to work. She wouldn't get anywhere near £23,000 in benefits! They work hard to pay their bills and look after their family.

It seems to me that people choose to have children without being in a stable relationship, and then expect the State to keep them and pay for their housing, food and bills. But all that does is add to the tax burden for people like my son and daughter-in-law. Basically, my son's tax payments are given to another family in benefits - so he is in effect keeping not only his own family but someone's else's as well! How is that fair?

Another one - "graduated in 2012 with £35,000 worth of debt". Most graduates do these days, then they get a job and slowly pay the debt off. If you don't want the debt, then don't go to uni!

This is left-wing propaganda. My sons and all of their friends come from ordinary families, have all left school, worked hard and slowly but surely have managed to set up homes with their spouse's and are now having children and paying all their bills. They are not high-flyers on inflated salaries, they are ordinary people. One's an electrician, one works on the railways, two are in sales, one is a builder, one is a policeman, one is a teacher. The vast majority of honest working class citizens are exactly the same. I agree that there are some people less fortunate who may have other obstacles to hurdle, but state education is available for all and provided they are prepared to work to achieve their aims, and live within their means, then I suggest almost everyone can attain an acceptable standard of living. My husband and I left school with average exam results, went straight into work, bought a property, had a family, continued to work over the years, and are now retired. This is available to most people, they have a choice.

Opal We need an increase in taxation. As I posted a couple of days ago, would you rather an increase in income tax on the living or taxation of a deceased's estate?

Re your comment to PernillaVanillla - obviously part of her mortgage payments would be repayment of capital so you can deduct that for a start. And as Nandalot states - you would have to be paying rent if you weren't paying off a mortgage. I doubt very much if the total of the interest on her mortgage repayments amounted to the present value of her house.

We bought a house in London ( a wreck) back in 1978 for £18,500. Add another £10,000 say for materials (my husband did most of the renovation by working at his business for half the week and on the house for the rest of the week) We sold it 7 years later for £84,000. Now it's worth £1,250,000. Had we kept it we would be in clover now and all that profit would have been unearned by us.

Instead we bought a house in Suffolk which appreciated in value quite nicely, although nothing compared to the London house. We then moved to France and built a new house. Unfortunately house prices in France do not rise with the same speed as those in the UK and, after 10 years, it's possible that we haven't made any money yet. But that's life.

If we are going to set about nitpicking all these figures, remember tax relief used to be given on mortgage interest payments and if you weren’t paying the mortgage you would have been paying rent. These would have to be taken into consideration too.
However, it is previous to talk about this. It was an idea that was mentioned in June, not recently. I shall wait and see if the manifesto says anything about it.

A lot of these folk would love to be able to afford a property at any price

www.thelondoneconomic.com/news/torystory-goes-viral-as-brits-share-moving-stories-of-impact-of-a-decade-of-tory-rule/05/11/

PernillaVanilla - £148K might have been the purchase price of your house many years ago, but if you tot up all of your mortgage payments over the years, the total will have come to a lot more than that, the total payments would be much nearer the value of what it is worth now. That's how mortgage lenders make their money. I suggest you do the sums.

Not that old chestnut Urm ?

Well we shouldn't worry about Labour's economic policies. When Corbyn crashes the economy we can all use the food banks he keeps banging on about!

Those of you who own extremely valuable houses that you say you have worked hard to pay for have only probably paid a fraction of what they are worth now, the rest is down to hyper inflation in the property markets over the last 30 -50 years, i.e. a windfall. We have just paid off our mortgage and the house we paid £148k for is now worth £450K, that profit is nothing to do with my hard work it is just a pleasant bonus. a better example would be that if we had taken an interest only mortgage and paid interest only for 25 years we would still have enough profit to buy a detached 3 bed house in this area.
I would like to give my grown up children something towards a deposit for a house at some point, but I will also be giving some money on my death to a charity that will help poorer children have a leg up in life, they really need it a bit more.

I listened to JohnMcD on Iain Dale on LBC last night.
✅ ✅ ✅ on many principles & values, YET there is something about JMcD that I find deeply untrustworthy.
Whiff of sulphur maybe, but then it was Guy Fawkes.

I am old & grizzled, a strong labour activist before & during the Militant years & I would not touch them then with a barge pole. They are back now, equally old & grizzled, with a fresh set of acolytes & useful idiots. Actually the Trots never really went away, they just lay low.

There is no other party that represents my core values but if Labour gain a workable majority, I think that Corbyn will be shafted & displaced very quickly & then we will be stuck with an immovable Govt - sensibly radical in some respects, but nightmare on the fringes - for a fixed term.

Well, how interesting is this?
Tom Watson has just resigned as MP, will stay on as Deputy Leader of Labour Party until 12 December.

Did not see that coming.
Cannot say I am surprised.
Did he go or was he pushed??
Even less now of a moderating influence in Labour.
Wonder if any more will follow ?

WWM2 "Regarding the so called gift tax, I agree that as explained it seems particularly penalising and difficult/impossible to collect.

However, I shall wait to see what and how it is explained in the manifesto before outlining it on this thread and commenting further.

Not all of what a political party wants to do will necessarily fit well with me, but what I look at when deciding how to vote is the overall balance and how it sits with my world view."

grapefruitpip "I think 250K seems pretty fair ."

Penalising? It's daylight f*****g robbery is what it is!!!! Your world view is NOT my world view. I'm furious that a Labour Government would think it was OK to tax my children on inheriting my modest family home, which we have worked hard all our lives for and never been given a penny towards by anyone. We are not the "wealthy elite", we are ordinary working class people.
"For the many, not the few" - what a f*****g joke. They are NOT on the side of ordinary hard-working people in this country.
And £250K seems pretty fair to you does it? You're not living on the same planet as me and the millions of homeowners all over the country who own properties worth more than that. We've worked hard, paid tax on our earnings, never claimed any benefits, brought up two children, paid to put both through university, and now you want your cut in OUR Estate? Tell you what - work hard, buy a house and feel free to leave all of it to the Labour Government if you feel that strongly about it, but leave me and mine alone. My Estate is for my kids, not the grubby hands of the LP. Complete b******s if they do this. I am seething.

More than a third of the electorate didn’t bother going to the ballot box at the last election.

Maybe they are the sensible, stress free ones!