Labour won't do any better vis-a-vis bankers and large corps

I'm at a loss what to make of Labour's plans at the moment. They've come up with this pledge that they won't be taking on any additional borrowing - so that either leaves making & retaining broadly the same cuts as the Tories are proposing, or massively increasing taxes on pretty much everyone.

For example - I can't see them increasing the personal allowance to the same extent as a Lib/Con coalition would. You won't get much more out of higher earners - a 50% marginal rate doesn't gain very much more tax revenue than the 45% rate does, and non-dom thing may even cost money. So that just leaves the squeezed middle (us lot) to bend over yet again.

Posted By: CWC on April 13th 2015 at 15:40:22

Message Thread

Floating Voters (General Chat) - Pit, Apr 13, 14:46:27
- I like Balls. Flasheart. (n/m) (General Chat) - protheroe fitzgibbon, Apr 13, 16:29:15
- I may be wrong but weren't Milliband and Balls (General Chat) - bullsch, Apr 13, 15:07:40
  - Balls defo was. (n/m) (General Chat) - Pit, Apr 13, 15:43:43
- I'm not voting labour (General Chat) - hoolahan, Apr 13, 15:02:15
- I go with that - Ed Balls is the worry. But could I vote for a shiny-faced Tory? (General Chat) - Higher Wrather, Apr 13, 14:56:35
  - The Tories appear to have managed the economy well. (General Chat) - Pit, Apr 13, 15:04:10
    - Labour won't do any better vis-a-vis bankers and large corps (General Chat) - CWC, Apr 13, 15:40:22
      - Middle England invariable pays for everything. (n/m) (General Chat) - Pit, Apr 13, 15:44:40
        
        Top 1% earners pay 26.6% of all income tax, top 10% earners pay 55.6% (General Chat) - Old Git, Apr 13, 18:10:22
        
        invariably (General Chat) - Pit, Apr 13, 15:45:00
- Whatever happens, they'll be a coalition (n/m) (General Chat) - pants, Apr 13, 14:51:40
  - Agree. Defo. Thats a worry as well. A coalition of what ? (n/m) (General Chat) - Pit, Apr 13, 15:01:29

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