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Where is this spare capacity? I am not saying there isn't any, but I would like to understand how you can confidently say we are nowhere near it.

What are you asking for if it isn't continued deficit spending?

Because when the rest of the world loses faith in our currency, it will be worthless.

This cut isn't the whole package, tax rises will be coming. I don't like the system, but unless you want to go North Korea route, you can't just ignore how the rest of the world views money.

I really dont want to do this all again. But, you said a Government can never run out, as it can just create more, its quite key to your point of not needing to cut winter fuel payments.

MMT's description of an economy like the UK, is like me describing me performing a press up as pushing the planet Earth away. It can look as though that is what is happening, relative to me, but it has no practical purpose to look at it that way, as me doing press ups doesnt move the planet...

Reasoned attempts have been made before, but you won't accept that your theory breaks down when you try to do some of the things it predicts are possible. The connection is economics that don't work.

Please f*** off with your magic money theory, lettuce lady economics.

Maybe the halfway is that everyone on Pension credit gets it, and every oap that isn't a higher rate tax payer can apply for it, and get it without being means tested?

You won't see icicles, but thousands of old people do die every year in the UK from hypothermia, that is as things are. We might get lucky and have a mild winter, it will still kill some older people though.

I don't think anyone wants to see anyone struggle to keep warm this winter, or worry about debt, clearly there are a large number of oaps that don't need the extra payments, and I think it's fair to stop the payments to them, I think most agree on that point. The argument is over how to ensure...

I would be happier if there were a clearer cut way of making sure those that needed it got it, but there will always be some that just miss out. The charity does have another interest though, in that a large number of pensioners that felt that they didn't need the extra money, donated it to...

But there had to be some pay award, at some level.

Of the seven, I think he is Dopey.

To be fair to them, it wasn't very clear, I had to listen twice.

Ooh, I am tempted to agree, but then we would both be wrong 🤣

Yes, exactly, there is no tax planning or arranging of affairs that you as a recipient can make or could have made that will affect the tax on the estate, the deceased may have been able to arrange things better. Are we agreed now? At least on IHT not being a tax on working people?

If your dad leaves you a specified amount in his will, and there is enough money in his estate after tax, you would get the full specified amount.

At the point the tax is paid it "is" the deceased person's estate, it does not belong to anyone else, not until the executor has distributed it. With income tax, if you are on PAYE, your employer does pay tax and NI on your behalf, it is you being taxed, but the employer also pays NI for you...

It isn't, other than a human has to complete the paperwork and transfer the funds, but the main point is, did you really think IHT was a tax that was included in Labour's "no tax increases on working people"?