Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

[morqthana]

Thanks Rachel

Pizza Hut to close 68 UK restaurants

The move will lead to more than 1,200 redundancies, but 64 other restaurants will be saved.

www.bbc.co.uk

The parent company of Pizza Hut had been in trouble for a while - their 2023 accounts do not paint a picture of health. Far from it. How was that Rachel Reeve's fault?

The company had saddled itself with debt. How was that Rachel Reeve's fault?

It went into liquidation at the beginning of November 2024, and I doubt that was a decision made by the directors out of the blue, on the day. So what did Rachel Reeves do in well under 4 months to make it her fault?

Look at this, and tell us how much blame for it can be laid at Rachel Reeves' feet.

Read this, for a more thoughtful analysis: https://fintechpulse.co.uk/2025/10/...ncial-autopsy-of-pizza-huts-uk-restructuring/

The flipside of only wanting to score politically motivated points against a party that you'll never like, no matter what they do, is that you don't look at what's really going on.

 

[morqthana]

You'll always remain clueless, if you wont allow yourself to be educated.

except when they are structured to do so.. maybe in a fund for example, that you can trade stocks in, perhaps on an exchange. maybe they could come up with a catchy name like:

Exchange Traded Fund.

and so that everyone knew they were an investment in bonds they could give them names like
High Yield Bond, Aggregate Bond, Short-Term Corporate Bond or Total International Bond

But Johny the clueless cock on a moped, will still argue they aren't investments in Bonds, paying dividends... poor old sod.

How much does it matter if payments from something in which capital is invested are described as dividends, distributions, income, interest?

There may be different taxation implications for different types, but at the end of the day, unless it's a growth-only fund, they are all payments made to people who have invested capital, and in many cases dependent on how well those running the fund or the business have done their jobs.

Arguing over the labels applied to these payments seems a tad pointless.

 

[motorbiking]

It's not about the label, you can call them Unit trusts for all I care, it's about the mechanism to tax people on their investments. People who may not have much, perhaps those who had a defined contribution pension took a chunk tax free and are now investing that as part of their retirement fund. These are often people on the basic rate of tax who just got screwed by the last budget.

When Reeves increased taxes on those on the basic rate - it was quite obviously aimed at people who are using investments as retirement vehicles.

 

[morqthana]

Take it up with the government - I suggested it and they agree with me. They are going to stop the motability being put towards expensive cars -- or something similar
Its still there to read yourself
https://www.telegraph.co.uk/politic...ves-to-ban-luxury-cars-for-benefit-claimants/

Reeves to ban luxury cars for benefit claimants​

Under the Motability scheme, recipients of disability benefits including Personal Independence Payments (PIPs) can use their handouts to lease a brand new car.

Those who receive the higher rate of mobility PIP, which is worth £77.05 per week, agree to have the Government send the money directly to Motability instead.

So it's a disability payment which instead of being paid directly to the claimant, goes to Motability. Stopping that won't reduce the welfare bill.


“Disabled people face so many barriers in accessing transport,” Mark Carew said. (Full disclosure: he co-wrote a report which received funding from Motability in 2023.) “Whether it’s train stations that aren’t wheelchair accessible, or no ramp available when you’ve booked it, or other travellers refusing to get out of the wheelchair space – there are lots of reasons Motability is important.”

Pip funding that goes to Motability is money that customers would have been getting anyway.

If they weren’t getting a car, they’d have it to spend on something else. And if they want a more expensive car – perhaps needing a bigger vehicle for essential equipment, perhaps shockingly able to have preferences despite also having a disability – they have to make a down payment out of their own pocket.

The cars are new, meanwhile, so that they retain a significant resale value at the end of the lease. “It’s just not true that it’s ‘free’,” Carew said. “And because it comes out of an existing Pip award, it’s at no additional cost to the taxpayer.” Scrapping Motability wouldn’t save a penny from the benefits bill.

Because of [the top-up fee claimants can pay to get a more expensive car], the cost to the taxpayer of the more expensive models is exactly the same.

The cherrypicking coverage implies that disabled people shouldn’t get a choice: instead, they should exist in a state of constant gratitude, and **** off in their wonky three-wheeler.

You should read the second article linked to, particularly regarding the lies and gross misrepresentations the right-wing media have pumped out.

That is unless, of course, all you're interested in doing is scoring politically motivated points against a party that you'll never like, no matter what they do.

 

[diy_fun_uk]

Here's an idea, get the work-shy back to work, those with low level anxiety etc who are on benefits and could be working. Get them paying tax instead of penalising the hard workers and yes, the investors, even more.

 

[aveatry]

You should read the second article linked to, particularly regarding the lies and gross misrepresentations the right-wing media have pumped out.

No I said it ages ago before the gov. You keep attacking me- attack Rachael on the 26th when we she what she does about it -- but you wont will you.

 

[pete01]

Here's an idea, get the work-shy back to work, those with low level anxiety etc who are on benefits and could be working. Get them paying tax instead of penalising the hard workers and yes, the investors, even more.

People arent gonna work for an extra 20 quid a week if they dont have to.

 

[morqthana]

Here's an idea, get the work-shy back to work, those with low level anxiety etc who are on benefits and could be working. Get them paying tax instead of penalising the hard workers and yes, the investors, even more.

Disabled people want to live a full life. Instead, we’re forced to scrap over our right to food and a wash | Frances Ryan

Britain’s political and media class advocate policies that leave disabled people hungry and dirty. Why are we expected to settle for this, asks Guardian columnist Frances Ryan

www.theguardian.com

A reader with a terminal illness emailed in despair. What she told me should shock us all | Frances Ryan

Rosy is unable to move, breathe or eat unassisted. Yet NHS assessors think it’s fine to leave her alone for hours at a time, says Guardian columnist Frances Ryan

www.theguardian.com

I’ve been told to wait three years for a wheelchair that ‘can go outside’ | Frances Ryan

It is surely a societal failure when 5,000 children wait months for a chair, says the Guardian columnist Frances Ryan

www.theguardian.com

‘I was a citizen, now I’m nothing’: disabled readers on life under austerity | Frances Ryan and John Domokos

Lying on the floor for hours awaiting help, unable to afford both incontinence pants and food … This is the reality of disability cuts for Stephen, Alex and Elli

www.theguardian.com

What kind of country have we become? Try asking a disabled person | Frances Ryan

The progress of the 1990s has been brutally rolled back. For those with a disability, there is no meaningful safety net any more, says the Guardian columnist Frances Ryan

www.theguardian.com

 

[JohnD]

except when they are structured to do so.. maybe in a fund for example, that you can trade stocks in, perhaps on an exchange.

Wrong.

An ETF can invest in numerous things. It can invest in cake shops, or gold bars, or bonds, or car factories, or something else.

But it remains an ETF.

It does not change into one of the things it invests in.

Bonds do not pay dividends, and an ETF is not a bond.

At first I thought this

Junk bonds pay dividends silly.

Was a simple mistake, or ignorance from somebody unfamiliar with the business.

But the chicken biker seems determined to convince himself that his false statement was true.

It isn't.

 

[Mottie]

Bonds do not pay dividends, and an ETF is not a bond.

 

[JohnD]

I see even mottie has found a page that says ETFs can pay dividends. Looks like he had to go to Singapore to find one he likes, and he has provided a cut-down screenshot, not a link.

They can do that whether they have holdings in cake shops or in bonds.

However, such an ETF does not become a cake shop, or a bond.

Any serious investor or saver ought to know the difference between dividends and interest.

The tax allowances are different, and so are the rates of tax.

I know the difference.

I am in UK and have no need to know Singapore regulations.

 

[motorbiking]

Johnyboy. Give it up. You’ve shown you are clueless.

I’ve shown you how an investment in bonds can be structured to pay dividends.

Are you now suggesting that dividends paid on Bond ETFs should be treated as interest for tax purposes?

Stop posting nonsense for your own sake.

 

[motorbiking]

View attachment 398469

Poor old sod.

 

[JohnD]

Stop posting nonsense for your own sake.

I'm not the one who falsely claimed that bonds pay dividends.

You must be very happy that you've found someone who seems to believe you

Even though it's only mottie.

Junk bonds pay dividends silly.

Not true.

 

[motorbiking]

I'm not the one who falsely claimed that bonds pay dividends.

You must be very happy that you've found someone who seems to believe you

Even though it's only mottie.



Not true.

Educate yourself

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