Reform, and the death of the Tory Party

[BoldonLad]

It's the top 10%. Top 25% would be £45k +

HOUSEHOLD income of £70k pa is top 10%? Which year are you living in?

 

[icowden]

HOUSEHOLD income of £70k pa is top 10%? Which year are you living in?

From Google Gemini:

To be in the top 25% of UK households, a household needs a net equivalised disposable income (after taxes and benefits) of around £41,800 to £45,000 per year before housing costs. [1, 2]
A more detailed breakdown of how UK household incomes are distributed reveals exactly where the top 25% sits compared to the rest of the country:

• Top 1%: Over £150,000+ per year
• Top 5%: Over £87,000 per year
• Top 10%: Over £71,100 per year (the richest fifth)
• Top 25%: Approximately £45,000 per year
• Median (Middle): Roughly £36,700 per year [1, 2, 3, 4, 5, 6]

Note: These figures are "equivalised," meaning official sources like the Office for National Statistics (ONS) adjust the numbers to reflect the size and composition of the household. [1]

 

[BoldonLad]

From Google Gemini:

To be in the top 25% of UK households, a household needs a net equivalised disposable income (after taxes and benefits) of around £41,800 to £45,000 per year before housing costs. [1, 2]
A more detailed breakdown of how UK household incomes are distributed reveals exactly where the top 25% sits compared to the rest of the country:

• Top 1%: Over £150,000+ per year
• Top 5%: Over £87,000 per year
• Top 10%: Over £71,100 per year (the richest fifth)
• Top 25%: Approximately £45,000 per year
• Median (Middle): Roughly £36,700 per year [1, 2, 3, 4, 5, 6]

Note: These figures are "equivalised," meaning official sources like the Office for National Statistics (ONS) adjust the numbers to reflect the size and composition of the household. [1]

1. We were not discussing “disposable income” we were discussing gross income

2. Gemini? Yeah

 

[icowden]

1. We were not discussing “disposable income” we were discussing gross income

I didn't spot that, but :

To be in the top 10% of UK earners, an individual needs a minimum gross income (before tax) of roughly £67,400 per year. This figure represents the 90th percentile across roughly 38 million UK income taxpayers

https://payprecision.co.uk/top-10-percent-salary-uk/

 

[briantrumpet]

I think it's terrible that Bridget Phillipson's mum sold her home for a £90k profit over 33 years, don't you?

 

[secretsqirrel]

I think it's terrible that Bridget Phillipson's mum sold her home for a £90k profit over 33 years, don't you?

View attachment 16116

None of our business…….

 

[BoldonLad]

I think it's terrible that Bridget Phillipson's mum sold her home for a £90k profit over 33 years, don't you?

View attachment 16116

Was it the purchase of a Council Property, with appropriate discounts, under the "Right to Buy" scheme? in which case why not allow others the same "windfall" ?

 

[BoldonLad]

I didn't spot that, but :

To be in the top 10% of UK earners, an individual needs a minimum gross income (before tax) of roughly £67,400 per year. This figure represents the 90th percentile across roughly 38 million UK income taxpayers

https://payprecision.co.uk/top-10-percent-salary-uk/

and?

 

[icowden]

Was it the purchase of a Council Property, with appropriate discounts, under the "Right to Buy" scheme? in which case why not allow others the same "windfall" ?

I'm sure some Politicians or their children may have gone to private school under the assisted places scheme. Why aren't Labour allowing others the same "windfall"?

 

[BoldonLad]

I'm sure some Politicians or their children may have gone to private school under the assisted places scheme. Why aren't Labour allowing others the same "windfall"?

Couldn't really say, perhaps, because they are hypocrites?

 

[icowden]

Couldn't really say, perhaps, because they are hypocrites?

Or is it just that over the course of 40 years or so Policy positions change?

 

[Rusty Nails]

Was it the purchase of a Council Property, with appropriate discounts, under the "Right to Buy" scheme? in which case why not allow others the same "windfall" ?

Because ‘Right to Buy’ is not a human right, it was a political move, and there is no reason a policy like Right to Buy must remain in perpetuity.

Life moves on and perhaps there is more need for affordable council housing to rent than there was 30 years ago.

 

[BoldonLad]

Or is it just that over the course of 40 years or so Policy positions change?

Is it 40 years since the end of assisted places?

 

[BoldonLad]

Because ‘Right to Buy’ is not a human right, it was a political move, and there is no reason a policy like Right to Buy must remain in perpetuity.

Life moves on and perhaps there is more need for affordable council housing to rent than there was 30 years ago.

True, no "benefit" is sacrosanct I suppose

 

[icowden]

Is it 40 years since the end of assisted places?

I was being quite general. 30 years since if you want to be picky, but closer to 40 since Bridget Phillipson's mum decided to buy her house for the equivalent of £30k.