Simon Gompertz
gompertz.bsky.social
Simon Gompertz
@gompertz.bsky.social
Yes, no doubt, but add that to everything else pissing people off, and picture the endless stories in papers and local online rags.
I see terraces of people on average or lower incomes who would be handed annual bills of £7,000, albeit in homes now worth a lot.
Total gift to opposition canvassers
November 8, 2025 at 12:27 PM
It’s half-baked and will cause endless problems and anomalies, as I said a while back.
In London it would hit Labour voters on middling pay, a lot less than the £100,000 you refer to, and pensioners.
People elsewhere will say “It’s only fair” but Reeves could regret it
November 8, 2025 at 12:16 PM
It’s half-baked and will cause endless problems and anomalies.
Reform council tax (or property tax) by all means but this looks like a desperate money-raising measure, specifically designed to avoid proper reform
November 1, 2025 at 11:29 AM
It’s very sensible
September 2, 2025 at 4:22 PM
If Starmer wanted to replace her, he could. He’d just have to appoint someone promising to be as tight with the purse strings or more so. Someone with more political nous. Not sure who that would be, though, nor, plainly, is he.
July 6, 2025 at 10:16 AM
Reeves’s failures are clearly political. She made misjudgements about winter fuel and benefits, as did Starmer. She could have avoided those and still maintained a tough image. Her antennae weren’t working
July 6, 2025 at 10:16 AM
The markets are not political actors or “vigilantes” who get “upset” or have “tantrums”.
They are operated by people who make a living by following interest rates and flows of money.
If there is a prospect that a government will borrow more, they anticipate that the cost of money will go up.
July 6, 2025 at 10:16 AM
This has been plain from the start and plenty of people have said it already
January 14, 2025 at 3:07 PM
It’s the usual British blindspot, kidding ourselves that things happen in the UK because of things that happen in the UK.
The market gyrations are mostly the upshot of events in the US - though they do have real consequences here
January 14, 2025 at 10:14 AM
When you say “additional tax” on farms it might be worth taking into account that:
*IHT on farms will still not be anywhere near as much as the amount paid on other assets
*the tax will apply from a higher threshold and will then be charged at half the rate
January 9, 2025 at 6:44 PM
Yes please!
December 18, 2024 at 3:42 PM