Getting ready for a gezza? 

For those at the back that can't hear me 

GIVE THE TAX CUTS TO THE LOWEST EARNERS AND NOT THE HIGHEST

WE DO NOT NEED IT

PEOPLE ARE STRUGGLING TO PAY FOR LECCY AND FOOD FFS

STOP BEING SO HEARTLESS/TORY 

IT IS ASPIRATIONAL TO REWARD THE BEST OF IN SOCIETY WITH TAX CUTS!!

AND NOT JUST THE HIGHEST EARNERS, ALSO THOSE WHO ARE SET TO RECEIVE AN UNEARNED WINDFALL WHEN THEY INHERIT!!

SINCE WHEN HAS IT BEEN A BAD THING TO BE ASPIRATIONAL?!?

you'll need the money you save in tax cuts to pay for the healthcare you can no longer get from the NHS

There’s no money left

Truss will come back. 

Can’t he go full Burning Man and fvck off into the desert?

Truss will come back. 
 

massive heh @ truss will come back

She is literally the bag lady in the street shouting at buses.

She is literally proof that RoF gave itself an auto facial when it backed Rishi.

But don't forget her amazing trade deals 

who on rof backed rishi

massive heh at whoever that was too

i’d lol this so hard if the tozzas try

and truss coming back, heh which muppet thinks that

Two things would be good policy.. increase the start of the basic tax threshold for inflation, helps everyone a bit but more help for lowest earners.

deal with the 60% tax rate cliff edge where the personal exemption is clawed back, because this is bad illogical tax policy that can't be defended 

I hate fiscal drag. In Canada the thresholds have to rise with inflation index, and parliament actually has to have the guts to override those changes with votes rather than let massive tax rate increases happen without action 

She is literally the bag lady in the street shouting at buses.
 

Or the prison guard dog who barks at drones?

Telegraph reporting today that they face a '97 style defeat.

Lol. In their dreams.

Their goal right now must be to achieve treble figures, surely? 

I would also like to know who on rof backed rishi?

He was briefly lusted after by a few misguided folk before they found out what a short asexual dweeb he is.

I certainly didn't. When Penny got knocked out, I finally tore up my membership card after 25 years. 

I’ll be pleased if sunak makes me pay less tax

one of the compensations of suffering a conservative government is meant to be: paying less tax

I still won’t vote for him tho

Their obsession with cutting tax is the number 1 reason not to vote Conservative.

At least Boris believed (to the extent he believed in anything) in a sensible measure of tax and spend. Unfortunately, he spent it on the wrong things (like his m8s). 

the number 1 reason?

wot, not the rampant corruption? or the draining of the nation’s coffers on vanity projects and contracts 4 tozza donors? the fact that they’ve been in putain’s pocket until ukraine made it politically expedient not 2 b? that they’ve fooked our economy harder than mere incompetence? the appalling attitude 2wards normal ppl? their inhumanity? the rampant lies and contradictions in their public pronouncements vs actual governance? the fact that they r the single worst govt in our history?

the list goes on and on and on

tax cuts of the right, limited, sort in the right way (benefiting poor ppl) would b a good thing. it’s not the number 1 reason, that’s just braindead

heh @ the idea of Johnson believing in tax and spend or anything else

taxes ARE too high, the tory right are right about that

Shame it’s inconveniently their fault eh

As much as a I despire Sunak and gang, raising the the threshold for 40% income tax is not just a tax break for "top earners". It is a tax break for a significant proportion of the aspirational working population - and actually entirely appropriate given that high inflation leads to (very large) effective tax rate rises every year unless the threshold is changed as well. High marginal tax rates on middling incomes and above are one of the biggest bars to social mobility. 

Per the IFS:

"The six-year freeze [of the 40% threshold] we are now in the midst of is set to push up further still the share of the population paying higher-rate tax, which on current forecasts will hit 14% (7.8 million) of UK adults by 2027–28 – quadruple the 3.5% (1.6 million) that did so in 1991–92. That means that, with 38 million adults (67%) set to pay income tax in 2027–28, 20% of taxpayers will be paying the higher rate. The result is that, for the 40% rate to impact the same fraction of people as it did in 1991, the higher-rate threshold would need to be nearly £100,000 in 2027–28 – almost double its actual level of £50,270."

Tax on low incomes is actually pretty low now, thanks to the coalition (i.e. Lib Dems) raising the tax free threshold so much. Combine the 40% threshold proposal with raising taxes on property / wealth and you actually have a sensible policy.

Which is all to say, this is actually quite worrying for those of us who want this lot out ASAP. Fortunately, he won't do the sensible raising other taxes part though, of course. Calling Labour to the room....

“High marginal tax rates on middling incomes and above are one of the biggest bars to social mobility.”

They're also a big driver of electoral defeat especially for right wing parties so Sunak is not being stupid here.

The band before 40% kicks in should be much much wider, probably go up to £200k pa

laz m7 that’s politically impossible

that would gift us c.£30k a year extra net

no chance

i agree that the notion of 50k being "high income" is definitively of yesteryear. see also: child benefit payments

who on rof backed rishi

Just laz and clubbers 

Truss is offering proper small state conservatism. Gets my vote and those of most other members. 

Great you can vote for her right now then can’t you?

Sadly not but soon. 

Gets my vote and those of most other members. 

You are indeed a "member" Cryppers. 

You and the other members were overruled by the MPs in favour of Work Experience. How does that make you feel?

Not great but LoCs can go in soon and we will get another say prior to the GE