Mogg is a simpleton. Sunak cant even redirect allocated funds to other rail projects, as this is not how procurement works. Its not some fantasy money you can just spend on something else at a whim, its a gold plated national infrastructure project which they just cancelled. The idea you can spend it on an entirely unrelated tax cut, its just so stupid it dosnt even need reporting. Hes off with the fairies
Don’t attribute stupidity to mogg when you can attribute malice. He knows exactly what he is saying. Its a grift
HS2 money should be used to scrap Jacob Rees-Mogg
Obviously a contemptuous idea that’d only benefit his mates but I do wonder how many regular people misunderstand how Inheritance Tax actually works?
I have to own up to having to look at exactly how it works last time I commented on it. The politics Vloggers I watch have stated that people can earn up to £1m, and that it only affects 5% of the population. The truth is that you can earn £500k without paying tax for being a direct beneficiary (sibling, offspring or parent), £1m can be earned if you are married and use your partners allowance or £325 for anyone else. It is not 5%; it is actually 4% of the whole population. It would be interesting to see a devolved breakdown on that as I would assume a majority of this affects England more than the other nations.
I would assume a majority of this affects
EnglandLondon more than the other regions.
Fixed that for you. The difference between London and everywhere else is so vast that the people in, say, the north of England would benefit from abolishing inheritance tax no more than people in Scotland or Wales. I’d be interested to know how many people in the south west are affected though, since we have the second highest house prices after London, and a higher percentage of second homes house-hoarding amongst the wealthy compared to the rest of the country. So I’d love to see a devolved breakdown not just by nation, but by region or county.
It be an additional viewpoint I would like to see also.
I am from the NE. I could easily see many in my area falling foul of the inheritance tax limits. I see London as being an area where many circumvent it by offshoring.
It’s an entirely intentional deception. People get the fear that they’ll not be able to pass on their 3-bed semi-detached*, a dinner table set and the last dregs of a private pension to their kids, so they vote so that rich people don’t have to redistribute wealth.
- Usual caveat for London 🙄
Mu grandparents are terrified of inheritance tax, I’ve tried explaining to them that it won’t affect them, but they just keep reading the daily express and getting scared. The right wing media is obsessed with scaring these old folk into voting against their and their descendants interests.
Breaking: Aged ghost of a bullied Victorian schoolboy wants things his way and nobody else’s.
Who cares? We need an exorcism as a country. Get rid of Rees-Mogg.
HS2 is a one-off ‘saving’. How could that ever be spent on scrapping a tax?
