Sir Ralph

Mental.

SDLT and IHT already fall more heavily on high value property which is mainly in the south. From what I’ve read Burnham will shifts greater tax burden on land and property so there will be an even greater impact on the south which I don’t believe is fair

You’ve gone from denying such a policy wouldn’t impact the southerners to now changing the subject to income tax. Im regularly reminded that there are too many people in this country that want others to pay for them and the politics of envy is rife. Sad state of affairs as aspiration is unfortunately being trodden on.

Im certain I understand more about the policies he supports and will likely bring in and the demographic of people it will impact. I recommend reading more on it before accusing people that are better informed than you. I’ll give you the simple conclusion from chat gpt. He talked about land tax and inheritance tax changes in the early 2010 and also earlier this year when he was campaigning. Read a bit more then pop back again If Burnham were in a position to shape national tax policy, the broad direction appears to be: less reliance on taxing earned income; more reliance on taxing accumulated wealth, land and property; reforming rather than simply increasing inheritance taxation. The people most exposed would generally be: owners of high-value homes, landlords, those with large estates, people with substantial capital assets. Since high-value property is disproportionately located in southern England, the financial impact would likely fall more heavily on the South overall, though there would be exceptions and the exact distribution would depend on the final design of any reforms.

You will be surprised to hear he hasn’t said “southerners will be taxed more than northerners”. Politically that would be very stupid. However if you intend to apply what could be a 0.5% annual levy on property it will disproportionately impact the south (unless you want to argue that property values in the south are lower). Inheritance tax will also be revised which again will catch those with higher property prices (in the south).

Oh the lefties are getting abusive again. How so? Have you actually read any of the articles - do you know what Burnhams anticipated policies are and his history of comments on the policies referred to in these articles?

I agree not announced as policy yet. However these policies are said to be central to his strategy. If they aren’t put into place great but based on what I’ve read, they will be

There are multiple sources https://www.lbc.co.uk/article/andy-burnham-london-south-paying-north-england-5HjdcDp_2/ https://www.thetimes.com/uk/politics/article/andy-burnham-south-paying-price-for-norths-economic-failure-x3mmmv58s https://www.ft.com/content/08039dd6-0863-4836-806a-921151e398a1?syn-25a6b1a6=1

I understand your point and I’ve no objection to the principle of increased investment in the north. However Burnham is proposing a change to individual’s contribution in the south to achieve this objective and reducing northerners tax bill to achieve this.

But it doesn’t work like that. If I buy your house I have to get a mortgage and work hard to pay down that extra £700k mortgage. The vast majority of people haven’t magically accrued that additional value, they have had to pay for it and will now be taxed more for it.

Well that’s a more socialist view of the world (I’m not saying that in a disparaging way). It forgets the view that the few who are net contributors to the tax system need to be incentivised to continue to take the burden rather than killing ourselves to pay for others. This change again would penalise those who have aspired for financial security for themselves and their families. Unfortunately though that seems to be the mentality of the incumbent ruling party. The increase in property values and incomes isn’t “luck of the draw” and doesn’t reflect a significantly reduced cost of living in the north. Can you explain where that has been factored in? Whether you want to or not you are essentially agreeing that he would be increasing current taxes on those in the south and reducing taxes for those in the north.

So he will be taxing the south to pay for the north. Nobody said you shouldn’t invest in some deprived areas. Question is how do you pay for it? Giving tax breaks to citizens from the north at the cost of southerners is nothing more than a vote winner from a party who will struggle in the south in the next GE. To me that’s pretty clear

Property taxes (flat rate percentage) and inheritance tax are the two that have been heavily publicised. This is because property prices in the south are much higher but our cost of living is higher. Living up north is relatively cheap compared to the south and certainly London but this won’t be reflected in the “King of the Norths” policies. It may come as a surprise but these policies are political for the next GE. For the economy he will be worse than Starmer in my opinion

Burnham knows Labour a screwed in the next GE. If he taxes to south to pay for the north he will try to “buy” the red wall back. His speech was full of feel good words a no substance really. All flowers and sunshine now, nasty part to come. Only 3 years left….

I’m not perfect but some of the vitriol on here is off the scale. Cmon chaps it’s sunny and the WC is on!

It’s been a while since I been here. Bloomin heck. Sometimes It’s worse than watching a bunch of 9 year olds in the playground

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Absolutely-they are economically illiterate- they have no idea of the economic consequences of their policies which is testament to that.

Starmer wasn’t a great PM (I didn’t like him) but he was also only as good as his party and the MPs on the left who forced his hand on certain matters. I would have preferred he stayed rather than the alternative which will be worse. The left of the party have now got their own way. I anticipate greater levels of disgruntlement soon.

Well done - best ignored.

I just explained the various taxes to my 10 year old when running a business and explained that half the money you make goes on tax before you even spend it (when you are taxed again). His response - why do you bother working

Just wait till Burnham gets into power. This is just the start….country run by a party many of which wouldn’t be employable in a normal business (and have never had responsible jobs) but are trusted with making decisions on billions.

https://www.cityam.com/uk-loses-more-billionaires-than-any-other-country/

More like a shitty stick

Apparently they aren’t though. I’ve been told many times on here that they aren’t despite knowing lots of people that have left. Why would you not want to stay in a country working harder to pay more taxes so Westminster and Whitehall can waste your money, whilst the country deteriorates. It’s the socialist utopia. With AI the job market is going to be very hard for our kids without discouraging investment.