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What Do You Think Will Happen To Tax Credits/housing Benefit After The Election?

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Surely these are ripe for change? Do you think they will be cut (regardless of whoever gets into power)? Subsidising big business/landlords is getting very expensive.

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Depends on who`s in charge and what they do with Universal Credit which is supposed to replace taxcerdits/HB ,but the date that is supposed to be fully implemented is getting kicked into the future every couple of months the latest date is now somewhere around 2019 mark when it was originally said to be fully up and running buy 2016

As for Subsidising big business/landlords ....turkeys&Christmas

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Surely these are ripe for change? Do you think they will be cut (regardless of whoever gets into power)? Subsidising big business/landlords is getting very expensive.

Can whoever is in power ensure that living costs are reduced? I mean things people have to pay for, like a roof over their heads, heat, power, not iPads.

If they can't, are they willing to face up to the consequences of cutting in-work benefits?

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Tax credits will be frozen as will the amount before its means tested away.The best way to cut benefits is to freeze them and also freeze where they are clawed back while increasing wages.

The reason tax credits are so lucrative and the cause of most problems is that they dont start to be means tested away until £6400 a year wages.Thats why everyone tries to get 16 hours (24 if a couple).

They might limit to two children as well.Or instead of a limit lower the amounts for 2nd+ children.Very likely when they scrap UC for families and keep tax credits they will change the hours rules.35 for couples and 16 for single parents pre-school,then 24 up to youngest 12,then 30 hours.

Housing benefit is likely to be limited by household makeup/age.Likely under 25s removed.Single room rate age increased to retirement age so if you dont have children at home its a shared room or nothing.

We might see some action around social housing.ALMOS and HAs are fleecing billions in housing benefit to pay for their cushy jobs/pensions.Difficult to see what they would do though apart from limit amounts.

Edited by durhamborn

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Private landlords.

Tories love anything that is 'private' (even if it is rigged anti-free market private)

And labour bigwigs, in the absence of actually being able to run a productive business, are all landlords too.

So, why any change. Its not in the politicians selfish interests.

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Tax credits will be frozen as will the amount before its means tested away.The best way to cut benefits is to freeze them and also freeze where they are clawed back while increasing wages.

The reason tax credits are so lucrative and the cause of most problems is that they dont start to be means tested away until £6400 a year wages.Thats why everyone tries to get 16 hours (24 if a couple).

They might limit to two children as well.Or instead of a limit lower the amounts for 2nd+ children.Very likely when they scrap UC for families and keep tax credits they will change the hours rules.35 for couples and 16 for single parents pre-school,then 24 up to youngest 12,then 30 hours.

Housing benefit is likely to be limited by household makeup/age.Likely under 25s removed.Single room rate age increased to retirement age so if you dont have children at home its a shared room or nothing.

We might see some action around social housing.ALMOS and HAs are fleecing billions in housing benefit to pay for their cushy jobs/pensions.Difficult to see what they would do though apart from limit amounts.

Do you have any of this on anyone's authority or is it a guess?

I suspect some parties, or at least the lib dems, will veto further cuts in working age benefits unless old age benefits are cut too

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Nothing. They'll just ignore these elephants in the room and lie about the figures some more.

Maybe we'll print some more money.

It would take a big balled politician to address them, I don't see any of the current bunch being that, and I don't see a sufficient Tory mandate in an extreme case, for Cameron to do it under influence of others

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Nothing. They'll just ignore these elephants in the room and lie about the figures some more.

Maybe we'll print some more money.

pounds hat a hit in recent months, I'm getting a good feeling a lot worse is to come in the coming few months firstly due to political uncertainty and also as fiscally we're fkd. This will put an end to printy printy if it happens.

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Do you have any of this on anyone's authority or is it a guess?

I suspect some parties, or at least the lib dems, will veto further cuts in working age benefits unless old age benefits are cut too

Its a guess ,but unless they do those things they will have to slash elsewhere.UC will fail so they will have to keep tax credits.Its far easier to say "we are freezing benefits" because a lot of people getting tax credits in work think they mean the unemployed.

The key is slowly removing the people getting £10-£40 a week.Once they are gone its easier then to slash the rest.If they dont get any wage inflation all bets are off what they will do.

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pounds hat a hit in recent months, I'm getting a good feeling a lot worse is to come in the coming few months firstly due to political uncertainty and also as fiscally we're fkd. This will put an end to printy printy if it happens.

This could be a financial crisis, if it goes that way

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Its a guess ,but unless they do those things they will have to slash elsewhere.UC will fail so they will have to keep tax credits.Its far easier to say "we are freezing benefits" because a lot of people getting tax credits in work think they mean the unemployed.

The key is slowly removing the people getting £10-£40 a week.Once they are gone its easier then to slash the rest.If they dont get any wage inflation all bets are off what they will do.

What they politically choose to do and what they may be forced to do are two different things, in the short to medium term at any rate

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Can whoever is in power ensure that living costs are reduced? I mean things people have to pay for, like a roof over their heads, heat, power, not iPads.

If they can't, are they willing to face up to the consequences of cutting in-work benefits?

Why can't they get big businesses to pay a decent wage or say they cannot operate in this country without paying a decent wage. Big businesses always uses blackmail tactics, such as threatening to leave the country but they wouldn't want to lose out on the UK market place and their trade in the UK. Landlords would just have to reduce rents or sell, houses wouldn't just disappear.

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Why would either party change anything? They both support hard-working and hard-pressed families, doing the right thing to help people who want to get on in life. Labour will continue with HtB which is a key Tory policy and both parties have committed to getting rid of the deficit (stop laughing at the back). No difference between any of them and they are all making spending commitments with no thought as to where the money will come from so the commitments will not be met unless they ignore the deficit and continue as we are.

It's laughable the way they go on about hard working families. Yet it's the hard working that are being shafted the most to pay for the bottom and enrich the top.

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The problem with any significant changes to stuff like tax credits and housing benefits is that the basic principles originated in the US decades ago (home of capitalism?) and they now have similar stuff in the eu. Admittedly the UK has taken it to crazy extremes - probably at least partly as some mad experiment to see what they can get away with.

So any changes are likely to be marginal as they're far more interested in stuff like "harmonisation" than any sensible and fair economic policies.

If there's a referendum on the eu and the vote is OUT then that could be a trigger to help towards removing those credits and benefits.

Edited by billybong

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Why can't they get big businesses to pay a decent wage or say they cannot operate in this country without paying a decent wage. Big businesses always uses blackmail tactics, such as threatening to leave the country but they wouldn't want to lose out on the UK market place and their trade in the UK. Landlords would just have to reduce rents or sell, houses wouldn't just disappear.

I suppose they could force big businesses to pay a decent wage. But that would be branded "anti business" and they all seem terrified of that label.

Also, what would they do about the people employed by SME's?

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They'll go up.

Folk will say "LibLabCon" and all sorts of other things, but in work benefits are here to stay.

Not enough proper work about and all the predictions suggest up to another 10M will be replaced or rendered obsolete in the labour market during the next 30 years or so as technology advances.

We're applying pre-WW2 logic to a modern phenomenon and it won't end well if that's taken much further.

If they stopped in work benefits there'd be a massive reset and probably a lot of rioting and looting. Long term that will probably still happen.

Basically the work to support a 60M+ population simply isn't there anymore. Unless we went all communist or something and insisted on self-sufficient production (which hopefully won't happen).

Edited by byron78

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Tax credits will be frozen as will the amount before its means tested away.The best way to cut benefits is to freeze them and also freeze where they are clawed back while increasing wages.

The reason tax credits are so lucrative and the cause of most problems is that they dont start to be means tested away until £6400 a year wages.Thats why everyone tries to get 16 hours (24 if a couple)...

Aren't tax credits something like £30 a week, less than JSA? Surely that doesn't make a massive difference to total costs vs everything else, and cheaper than alternatives when frankly there doesn't appear to be a job for everyone. (That's a question, not a disagreement).

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They'll go up.

Folk will say "LibLabCon" and all sorts of other things, but in work benefits are here to stay.

Not enough proper work about and all the predictions suggest up to another 10M will be replaced or rendered obsolete in the labour market during the next 30 years or so as technology advances.

We're applying pre-WW2 logic to a modern phenomenon and it won't end well if that's taken much further.

If they stopped in work benefits there'd be a massive reset and probably a lot of rioting and looting. Long term that will probably still happen.

Basically the work to support a 60M+ population simply isn't there anymore. Unless we went all communist or something and insisted on self-sufficient production (which hopefully won't happen).

There's plenty of 'work' to be done out there. Just not the kind that people are willing to pay for. I agree that there will have to be a massive rethink..... or a massive war.

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There's plenty of 'work' to be done out there. Just not the kind that people are willing to pay for. I agree that there will have to be a massive rethink..... or a massive war.

Oh aye I agree.

But work without a wage or a personal reward for the greater good of the state is communism, something the government's current work for welfare program and the swivel-eyed extremists who back it skate around (unsurprisingly).

Be ironic if a right-wing party ends up ushering in communism, but I honestly wouldn't be surprised by anything anymore.

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Aren't tax credits something like £30 a week, less than JSA? Surely that doesn't make a massive difference to total costs vs everything else, and cheaper than alternatives when frankly there doesn't appear to be a job for everyone. (That's a question, not a disagreement).

Tax credits for a single person are roughly £53 a week but remember you can earn £120 before they are means tested at all.For families there is no limit.I know a couple of women who have three children and four children.They both have two down as ADHD.One works 16 hours in the fish shop,she gets £349 a week in tax credits.The other is self employed,a hairdresser.She claims to work 16 hours (rest is cash in hand extra).She gets over £400 a week in tax credits.She lives with her partner who works on the oil rigs but isnt down as living there.

Tax credits are the most expensive benefit there has ever been in the UK apart from the state pension.

If they were scrapped you could lower the state pension age to 56.

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I can't see any rolling back of the tax credits system until external forces arrive in such a scale that the government can blame them. Think massive collapse in the pound. That might happen in 3 months, or 3 years...

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They will continue to rise so long as the liblabcon and SNP have any say. HB has gone up 5 billion I believe under the free market loving Tory party.

lol its has but the LHA rates for each type of property has dropped.

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