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Old 23.11.2019, 12:25
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Don't worry: Labour are only interested in shafting certain groups. People who don't own empty properties or send their kids to private school have nothing to worry about.

Relax and enjoy watching those smug grins vanish!
Second home owners who live abroad will be easy prey & currency controls so people cant take their money abroad.

Before Mrs Thatcher ended currency controls in 1979 you could only take 600 per person when leaving the UK, 1 reason that Thomas Cooke & package holiday were so popular.

Of course the only 8 a week extra tax on 80k does not add up as it produces roughly 350 million, about 0.3% of the NHS budget.

If the smug grins do vanish along with their money, then the working man will have to pay far more as he did in the 1970's when base tax rate was 34% & personal allowance 720 (2736 inflation adjusted rather than 12,500 today). Someone earning 15000 would pay 4169 under Labours old rules v 500 today. Oh & there was NI on top as well

The Conservatives have cut taxes for the poorest 43% of adults who pay currently ZERO.
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