Many A True Word

Last week I created this snarky meme after the Labour Party won the general election in Britishland:

And it was meant to be a bitter joke.  (The tarty redhead is Labour’s Deputy Prime Minister, Angela Rayner).  So imagine my interest when this little snippet appeared in the news a few days later:

How to protect your money if Labour mounts an inheritance tax raid on pensions

Pensions, for example, have been a safe haven for those who want to pass on their wealth without the taxman taking a cut. And millions of people have ploughed money into their retirement savings with this in mind. But even this last bastion could now fall into the clutches of inheritance tax.

Chancellor Rachel Reeves has been urged by policy wonks to consider an inheritance tax raid on pension pots, amid rising pressure to meet public spending targets. Leading think tanks have told her the move could raise up to £2 billion a year in takings from grieving families.

So, as the title of this post suggests, sometimes the jest turns into reality.

Basically, the takeaway is this:  any chance the Communists can get to steal your money and / or property, they’ll grab it in their greedy little claws.

One comment

Comments are closed.