Working families lose 75% of their assets, millionaires keep 75% plus of their assets.
Sir Humphrey would call this a "bold" reform.
Guess the question is - will voters understand it? And if they don't: can Labour get them to understand it?
Sir Humphrey would call this a "bold" reform.
Guess the question is - will voters understand it? And if they don't: can Labour get them to understand it?
https://twitter.com/CommonsTreasury/status/1461286312732942339
Leaving aside the fact this is awful policy, as Dilnot observes, its fascinating politics. The big winners from this new policy are traditional Tories in traditional Tory seats (people with expensive homes and other wealth in the wealthy bits of S England)....
The big losers are new Tory voters in newly Tory seats - older, often home owning voters with modest levels of wealth in poorer bits of England. This policy absolutely throws them under the bus. Massively screwing your new voters to protect your old voters is an interesting move.
Note also that planning reform - a policy shift which would have done the opposite - harming the interests of trad Tory voters to serve the interests of others - has already been killed off. And HS2 got gutted too. Meet the new Tories, same as the old Tories?
At the very least, it does seem that the Cons are going to test to destruction the idea that economic interests don't drive the vote choices of their new voters. Wonder how their new red wall MPs feel about that idea?
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