The tax increases for Nick are nugatory for a higher-rate taxpayer: it is the private sector that is walloping poor "Nick, 30" with massive rent increases (usually 3-4%+RPI contractually) and secondarily with price increases for much else (for example mobile contracts at 4%+RPI) plus often below-inflation increases in his salary (especially if he works in education or government or manufacturing).
The thatcherites of all main parties have an increasingly larger problem: they cannot continue to deliver large property profits to "Middle England" incumbents redistributed from everybody else and at the same get the votes of somebody else.
«cannot continue to deliver large property profits to "Middle England" incumbents redistributed from everybody else and at the same get the votes of somebody else.»
Starmer and New Labour are trying to finesse that problem by appealing to renters, first-time buyers, upgraders by talking about driving down house prices and rents by building a lot of new houses and keeping the votes of incumbent owners by not delivering, but it may be happening that the opposite is happening: owners are frightened by the talk of increased housing supply and renters, first-time buyers and upgraders will only give their vote if house prices and rents actually come down as they skeptical about mere talk.
The tax increases for Nick are nugatory for a higher-rate taxpayer: it is the private sector that is walloping poor "Nick, 30" with massive rent increases (usually 3-4%+RPI contractually) and secondarily with price increases for much else (for example mobile contracts at 4%+RPI) plus often below-inflation increases in his salary (especially if he works in education or government or manufacturing).
The thatcherites of all main parties have an increasingly larger problem: they cannot continue to deliver large property profits to "Middle England" incumbents redistributed from everybody else and at the same get the votes of somebody else.
«cannot continue to deliver large property profits to "Middle England" incumbents redistributed from everybody else and at the same get the votes of somebody else.»
Starmer and New Labour are trying to finesse that problem by appealing to renters, first-time buyers, upgraders by talking about driving down house prices and rents by building a lot of new houses and keeping the votes of incumbent owners by not delivering, but it may be happening that the opposite is happening: owners are frightened by the talk of increased housing supply and renters, first-time buyers and upgraders will only give their vote if house prices and rents actually come down as they skeptical about mere talk.
Yes, but you’re forgetting the important thing: Nick has broad shoulders.