@cowanscrack @veryfathomer Why? I don’t think you understand tax. Going from 12,500 PA to 15,000 PA is a £2.5k increase, 20% (tax rate) is £500. Hence the £500 extra in pocket. It doesn’t matter if you earn 15,000 or 28,000 or 48,000. Earnings above 15k is irrelevant.
@DrNeilStone As you well know he’s been an MP for 16 years, cabinet member, treasury minister, health sec and for 9 years been (a very successful) Mayor for Manchester. Quite the CV.
@ItsJamesPowers@DPJHodges ‘By the people’ what are you talking about? If elected on Thursday, then he’ll have been elected by Makerfield constituents. Just like those other PM’s were elected by their constituents. It’s the same legitimacy? You’re letting your opinion blind you to facts.
@SarahForRuncorn You can’t get better than having (potential) PM as your MP. It’s a golden opportunity!
Bonkers to suggest choosing a Reform backbencher with no authority is a better prospect 🤣
@samhfinance NI doesn’t ’buy’ state pension.
NI contributions fund today’s day to day spending across Gov. So if you were to adopt this approach, income tax would need to increase to compensate for loss in NI contributions.
Of course you know all of this and deliberately misspeak.
@AngelaRayner should go for the leadership. Frame it as having the bottle to end the chaos, whilst others dither and delay. She’s relatable, fair, competent. Come on Ang!
@rawespresso in 2011 it was £6475, which would be £9756 today. So it's still v. generous. It was £12.5k in 2021 due to unsustainable and unaffordable increases and the reason public services/finances are in this sorry state. It was only matter of time it got frozen for a lengthy period
@robprogressive You pay interest on the amount of money you borrowed for the length you borrowed. That’s not a gotcha. You’ve purposely left out the timing of paying 999.99. If you paid it on the last day of the month, then why wouldn’t you pay interest on it for month you borrowed it.