“We Pay £40bn A Year On Phoney Interest And Money” | Autumn Budget And Labour's Tax Rules
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- Britain’s richest plumber, Charlie Mullins, is selling his £12m London penthouse to escape Labour's tax plans. The Pimlico Plumbers founder, who made £145m from selling his business in 2021, plans to move his money to Spain and Dubai.
Mullins, whose luxury flat is next to Tom Jones' property, said he's getting rid of all his UK assets.
"I’ll have no investments or bank account here. My last tax bill is in January, and then I’m done," he said.
Alex Phillips speaks with geopolitical analyst, Dr Roger Gewolb.
#news #politics #money #finance #tax #labour #keirstarmer #talk #talkradio
Robber reeves is just a coward,never seen any mp do that before.she couldn’t answer the questions so she literally ran out of parliament.
It's either we invest OR get rid of the Electoral College and let We the People of the United States of America choose our own leaders!
Which unfortunately takes 2/3 of congressional support in each state in order to enact
whomsoever created the Electorate College was a whimp, certainly. Haha just cash 40k from crypto 💯
To do that, get rid of the Republican Party.
I agree get rid of electoral college, how do crypto work pls?
Same here I have made more than 90k
God bless MR Silbert Mason . God bless America
Central banks: we've printed another few billion out of thin air and lent it to government and you the tax payer must pay us back at interest...... but its not a scam lol
@@MrSteviesmozz government Jyst writes a letter works out about £10 billion a month , they Jyst say lend us £10 billion put it on the taxpayers debt n the bank Jyst says ok 🙄
Your birth certificate was your bond given to central banks to set up HMRC
RAISING THE TAX THRESHOLD TO £20,000 IS WHAT REFORM SAID IN THEIR ‘CONTRACT WITH THE PEOPLE’ ..REFORM SENSIBLE POLICIES FOR BRITAIN …VOTE REFORM FOR THE UK ..FREE SPEECH AND GETTING OUR COUNTRY BACK ..STOP THE BOATS ..🇬🇧🏴🩵🏴🇬🇧
Stop paying £11 billion for foreign countries to go green, £14 billion to house illegals, £15 billion in foreign aid , paying 1.6 million immigrants to live hear on benefits, then paying billions to top up immigrants wages with tax credits, free nhs , schooling, you could raise the tax threshold for brits to £40k 😮
Never, I've already abstained from voting.
@@Craig121000 Which is an admittance that you're either not paying attention or to stupid to realise that by not voting Reform you're happy with the current situation. Well done you!
You're not mature enough to ask me why I've taken such a stance.
I'm disabled, I've made a choice and that triggers you.
Yeah right. What is Reform? Is the question to ask yourself. Reform is a limited company trading as political party just so you know and they don't have a manifesto as political party. Farage and Tice are company directors lying to our uk voters. What will a limited company do for our country is the question to ask yourself. Farage changes company names too. Reform ltd company won't win just so you know. Conservative is trusted by Majority voters since 1834 and has been a government more times than Labour that was founded in 1900. This is politics not business. Farage will get 50% for his company shares from our taxpayers money and Tice gets 25% shares. Farage can't be trusted
I think you will find that Reform spoke about this issue and gave the same figures as your guest.
So Reform know how to sort this out.
Vote Reform 🇬🇧🇬🇧🇬🇧🇬🇧
Yes it was part of their manifesto - saw Ben Habib speak about this - great speaker
Yep, and none of the other parties have mentioned it since- shows the amount of corruption in this scummy crooked government... and the last.
Ye reform are run by business people
Cannot tax immigrants because they haven't paid taxes but can tax pensioners to pay for it!
One thing most of the press & certainly the BBC cannot understand. They keep on saying pensioners are not applying for Pension Credit. Do they not understand that pensioners on the old state pension (lower than the new one ) If they have worked all there lives from age 14 or 15 years with employers who had no pension schemes (low paid jobs no minimum wages then ) Even these ones find they are just over pension credit threshold often by only a few pence & also do not get any other benefits which qualify for pension credit. Please do your sums see what the very low threshold is for getting pension credit & then you will see why it is a waste of time for many pensioners to apply. the situation must be even worse for those on the new state pension which is higher. The only people to benefit from pension credit are mainly (not all ) those who have never worked and could have done so. Starmers pets ! They keep telling us work pays - what I lie. If I had known what I do now I would never have bothered & been better off for being lazy !
I looked up the entitlements and because I have a house in the F band and one other property they calculated I had another £600 a week coming in!!!!!! I have no idea where they got that from especially as my tenant is out of work and is finding hard to pay rent. I’m on the old pension.
Being idle is never a winning tactic. It's a very limiting approach to life and a honey trap.
I hear that 9000 uk millionaires are thinking of leaving the country…. Oh no !! Who’s going to drive our trains
I think a lot of millionaires are employers. So there might not need as many trains to take fewer people to work. Because they dont have any
So more taxes for the people that work to pay for our uninvited guests that don’t
Pensioners paid tax on their wages and NI now are we going to pay tax again
I pay tax on a miniscule private pension.
Tax on 55years ago that I worked and now tax again on the same thing labour are corrupt it’s a scam!
I like Dr Roger Gewolb.....
Me too - whenever he speak, you find yourself thinking " How sensible". People like him should be brought into the fold of Reform - the Party needs as many 'brains' as possible to put together a Socio-Economic approach that benefits as many UK people as possible.
Sick of Labour 😢😢 just bring Sunak back now 😂😂
Let’s face we are in for at least 5 years of misery, perhaps having Labour in government is the wake up call people need.
Thank you Alex for bringing us truth and common sense
Don't think you call Mullins leaving the UK a Brain Drain🤣
A plumber is more likely to be a drain brain... 😂
I call it a blessing !
But I bet he's considerably more wealthy than you'll ever be.
I wouldn't let the past chancellor's look after my finances there a joke ifvthe Kings got the power he should stop the Labour Party😢
The system is responding to the truth I am telling you!
Wake up!
If the government ceased giving the amounts of money it gives to other countries they could soon fill this black hole. I wonder how many other countries run their finances like we do here.
I didn't buy it - I has a £22 billion black hole and couldn't afford it!!!
Because they are all in it together.
The huge issue we have been sleep walking into!
The majority born after 90s decided they no longer need to live buy rules that applied for generations.
1. They fail to pay their debt.
2. They never want to work.
3. They never have the drive to leave home.
4. They never save for a pension or a rainy day.
5. They live purely on an attitude that someone else will pay.
This is now an issue! as the baby boomers and Gen X (millions of Pensioners) from the 60s-70s are retiring and many will be starting to claim state pension which the government can't now afford to pay.
We have multiple generation after the 90s that have no intention to work and get on in life.
Labour has now increased the issue as they have allowed immigration to get out of control. Now we have millions expecting the working class to pay for those that are leeching off society and have no morals to work or be an asset to society. Many born in the 90s + show no respect, no compasion. They are just entitled. If they dont get what they want they simply take it by force. If they don't like the rules the change them or break them and this woke led cutlure has destroyed law and order in the UK. We simply live now in a society that has broken down.
In the next 5 years we will see Big business leave UK. Then we will see those capable of leaving with their wealth move to nations that still have rules and laws that apply without WOKE bias values corrupting another society. Sadly Europe is infected by a WOKE cancer that fails everyone that is hard working and law abiding.
Taxes need to go up.The last lot ran everything into the ground and let the rich get away without paying enough.
Taxes don’t need to go up - the government just need to stop wasting our money and giving it away. There’s more than enough tax income to run the whole country twice over.
A while back speaker Pelosi suggested minting a $1 trillion coin to reduce and or eliminate the $35 trillion debt. QE was the preferred method by the BoE. Just print more money and pray for economic growth. The £120 billion spent each year on the state pension isn't from NI but via the DWP budget. it's all borrowed money of course, adding trillions to the national debt. Then there's the £15 billion being spent on overseas aid. Not tax payers money but borrowed money. There is only one way this is heading and it's bankruptcy.
Labour bankrupted is before. It's coming around again
Who were the original owners of the Bank of England?
Let’s start at the beginning. The ‘Governor and Company of the Bank of England’ or as most people know it, the Bank of England, was established by Royal Charter in 1694, to raise money to fund a war with France. Over 1,200 people purchased shares (known at the time as ‘Bank stock’) totalling £1.2 million, which was the value of the government loan.
The first shareholders came from a variety of backgrounds, trades and professions, including carpenters and grocers, merchants, doctors, knights and royalty.
If there’s a bigger corrupt organisation then the Bank of England 🏴 in the uk I’ve never heard of them 😊
Fed up of people saying the 22 billion blackhole it's not, it's about 12 billion and people have quoted that figure alot even starmer I came across one of his speeches the other day which he stated 12 billion, he's just anti-british and needs to go
Shameful goverments
Good Broacast Thank You. We are being defrauded by this tax system. Correct that our political know this yet Labour wil not change Spivs again like wr have had before.
ALEX.... WHY OH WHY DO YOU INVITE A GUEST ON THE SHOW AND SPEND MOST OF THE TIME TALKING OVER THEM. FRANKLY IT IS INCREDIBLY RUDE IF NOTHING ELSE.
She’s been hanging around with Julie Hartley-Brewer for too long. 😂
Stop referring to the £23b black hole as “massive”, it’s not massive, it’s a drop in the ocean!
Exactly buttons in the scheme of things
1% of GDP. Meaningless.
A lot of that is what they have used for the controversial pay rises, so they are lying
This is exactly what reform was talking about in there manifesto, Richard rice done a speech on it before the elections. Everyone seems to forget.
What good for the country did the tories do in 12 yrs
Say no more
Reform have suggested a £20,000 personnel allowance.
Recession should be sacked for lying about the black hole.
Not a masive black hole it's a paper cut
Why they not charging child tax if u have more then 2 pay tax
Is not stupid! It's common sense!!!❤❤❤ In Sir Kier Starmer, we trust!!!❤❤❤
£2m isn't that big? How out of touch can you get...
A pentioner will have to fill in a form which comprises of 246 questions i believe, its all out there to research yourselves, who on earth would want to fill in a form like that then to find out your a fews pence over the threshold so you wont get it, this government is an absolute disgrace
I think it costs us O.7% of GDP for so called Foreign Aid or should I say money laundering
1920s
1920-1921: The basic rate was set at 6d (2.5%) on incomes over £160.
1922: The basic rate increased to 8d (3.33%).
1925: The basic rate was further raised to 1s (5%).... Tony cuenca
Have a look at the black hole labour left the Tories in 2010
Bates Motel Hunt.😂
Wow! It seems nobody understands tax here. Nobody understands that there is no such thing as national debt. The bank of England lends money to the government, but the Bank of England is owned by the government. My right pocket owes money to the left pocket. Also it is stupid to say that the wealthy 10% pays 60% of the tax without mentioning that they also own 50% of all wealth. The tax system supposed to a) keep inflation in check and b) keep inequality in check. It fails to tackle inequality, because that is rising very fast, especially the since the pandemic, when the government gave a lot of money to the rich. Now that has to be taxed back.
Hang on. If 2 million quid homes are a marketable asset and I was told to invest in the housing market, then why isn't an unearned increase in it's value, taxable at some point, regardless that my 90k salary will become only 200 quid a week once I retire?
If I owned a 2 million quid fleet of classic cars and was a pensioner complaining that I only had 200 a week, everyone here would insist I sold a car or two to get by...
Im sure reform said raise the tax threshold to 20k vote reform
Punish the strivers, seems to be the aim. No wonder so many working age people wandering the streets, maybe involved in untaxed activities.
But what about the greedy poor train driver struggling on 70 grand a year
51k after tax and NI.
@@thalesofmiletus2966 feel sorry for them I don’t know how they pay there bills
Alex, please let the man speak.
You will own nothing and be happy!
I'm living proof that the above statement means nothing.
If you live in the material world you ll get your just desserts.
There are issues around growing wealth inequality that needs to be tackled as more of the nations wealth is moving into fewer people and an oligarch type economy is not great for economic circulation - billionaires spend a lower % of their wealth than those with less money. We have seen asset inflation which has increased the issue. The problem is that it isn't the ultra wealthy that the taxes get aimed at but those lower down . Often all this does is push more assets to the very rich.
Strange format. The host does most of the talking.
OAP winter payments gone ok when you get cold ring ambulance spending Xmas in the warm
3 billion black hole
Or some one put vat on fish and chips
Alex - you’re getting as bad as Julie Hartley Brewer - STOP TALKING OVER YOUR GUESTS!!!
Help the age nose day we have red nose day BBC tv let get the funds in on t.v. Like red nose day
You are over talking one another please stop it.😮
why do interview always want to TALKover who they are interviews