Politics UK
Will Labour Increase Tax by £2,400 to Cover £1.2 Trillion of Spending? – TLDR News
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As oil drilling moves closer to reality, we explore how it could transform the Falkland Islands’ economy, politics, and long-running sovereignty dispute with Argentina.
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TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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SOURCES
FT Argentina Angered By Prospect of Oil Boom in Falklands
https://www.ft.com/content/ce25f41d-49e2-42e3-956e-dab0de9301e4?syn-25a6b1a6=1
The Times Drilling to go Ahead at Sea Lion Oilfield
https://www.thetimes.com/business/companies-markets/article/drilling-confirmed-sea-lion-oil-field-rockhopper-falklands-5nz8npwpw
The Times Falkland Islands $4bn Oil Bonanza
https://www.thetimes.com/business/economics/article/falkland-islands-4bn-boost-oilfield-go-ahead-6crtkvqzk
Yahoo Finance The Falklands are Turning into a Mini Dubai
https://finance.yahoo.com/economy/articles/falklands-quietly-turning-next-dubai-180437990.html
BBC News Quick Guide: The Falklands Economy
http://news.bbc.co.uk/nol/shared/spl/hi/picture_gallery/07/in_pictures_the_falklands_economy/print.stm
0:00 How the Falklands are Becoming a Petrostate
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The UK government recently released a green paper outlining plans that could fundamentally change the way YouTube works in the UK – favouring public service broadcasters (like the BBC) and potentially killing independent creators (like us).
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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Order a copy of our magazine Too Long: https://toolong.news/TL008
In this video, we’re going to have a look into the Clacton by-election, why the other parties have stood down, what Farage’s plan is, and why it seems like it may have already backfired.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
SOURCES
Telegraph Farage By-Election Gamble Turns to Farce
https://www.telegraph.co.uk/politics/2026/07/07/farage-resigns-but-by-election-gamble-turns-to-farce/
BBC News Farage’s Political Rivals Rule Out Standing in Clacton
https://www.bbc.co.uk/news/articles/cjdg4y3g0z7o
The Guardian Political Rivals Vow to Boycott By-Election
https://www.theguardian.com/politics/2026/jul/07/nigel-farage-quits-as-mp-amid-scrunity-over-finances-clacton-reform
Politics Home Labour and Tories Refuse to Field Candidates
https://www.politicshome.com/news/article/labour-tories-refuse-stand-candidates-clacton-byelection
Politico Badenoch Says Farage Cracking Under the Pressure
https://www.politico.eu/article/kemi-badenoch-nigel-farage-pressure-by-election/
0:00 Nigel Farage vs Count Binface: The Clacton By-Election Explained
6:47 Sponsor
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It seems pretty much a certainty that Andy Burnham will be the next British prime minister. Exactly when it happens depends on a few factors. We outline some of the reasons an early general election is likely.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@StephenFiorentini
December 30, 2023 at 5:48 am
No because they were wiped out
@dotmatrix01
December 30, 2023 at 5:48 am
Thank god Labour got destroyed!
@adam7802
December 30, 2023 at 5:48 am
Why is it I have to come to the internet/youtube to find objective reporting on anything? Imagine if the press reported on things like this…
@rohitsobti6593
December 30, 2023 at 5:48 am
1.2 trillion has three more zeros btw
@Lawrence55667
December 30, 2023 at 5:48 am
Video on labours claims also to retain un-bias channel?
@Tespri
December 30, 2023 at 5:48 am
Doesn't matter. It's well known fact that Labor only increases spending regardless can country afford it. Socialists don't know how to create, they only know how to consume.
@spc67h
December 30, 2023 at 5:48 am
2:34 'The number is very likely inaccurate'. Sure: there are 3 zeros missing.
@davebrennan1509
December 30, 2023 at 5:48 am
Both Labour and Liberals are run by left-wing Liers and Traitors they put us in debt so far in last governments we are still paying for it, Now Dianne Abbott the Great Financier for Labours spending plans who cant make 6+3 = 9 according to her it equals whatever she wants it to equal in her case 0 like there brains and their spending plans, lose all benefits as the money makers flee Britain, vote labour and Liberal get Islamic Sharia Law and mass immigration and eventually a police force that only supports Sharia law like the London Met and then Civil war
@nermalk2350
December 30, 2023 at 5:48 am
Is this debunk.
@sunyavadin
December 30, 2023 at 5:48 am
I'm sure it's a complete coincidence that the number the Tories picked is exactly the same figure as how much their government has increased the national debt by since 2010. Just like that time Boris rambled on about "making model buses", resulting in search results for "Boris Johnson Bus" no longer displaying articles on his Brexit bus at the top of the page.
@rileyhall2181
December 30, 2023 at 5:48 am
Jesus you know things are dire when a guy with a computer and a microphone makes better, more informative and unbiased political content than the entirety of the maintstream media.
@barrystubbs983
December 30, 2023 at 5:48 am
No problem it's only money
@seeranos
December 30, 2023 at 5:48 am
What? Conservatives lying out of their ass to avoid talking substance? Gosh I'm so shocked.
@ad1108am
December 30, 2023 at 5:48 am
It is really unsettling and not at all conducive of a large degree of trust towards politics seeing, how politicians exploit peoples seemingly poor understanding of taxation system. Whenever I come across a news scaring people with high taxes, it just break down once you understand the brackets. And usually it’s the highest earners both scaring and trying to avoid paying higher tax. Is this really so hard to conceive of a notion, that well supplied public infrastructure can help the society at large so much?Sometimes I wonder if there is something I don’t understand as neither I nor anyone in my immediate surroundings even touches on the highest tax brackets, thus I might be unaware of a daily reality of such individuals and how their lives might be affected, but again find it hard to believe it would change that much for the worse.
@testblustacks5799
December 30, 2023 at 5:48 am
Nationalized industries are mostly less productive since employees get paid the same even if they do as little work as possible. If you're interested try going down to your local council offices and see how they waste money and get nothing done. Compare that to how hard people work in the private sector just to get a minimum wage.
@showlett0280
December 30, 2023 at 5:48 am
1:31
That is not £1.2 trillion…..
@dasprojekt2049
December 30, 2023 at 5:48 am
Creating this Taxcalculator is a very smart move. Well done, Labor
@richardyang9700
December 30, 2023 at 5:48 am
When you assume you make an ass of u and me
@Marcopolo12as
December 30, 2023 at 5:48 am
TLDR is so pro labour lmao
@sneakybadgerjd1583
December 30, 2023 at 5:48 am
I think you should definitely talk about labour and their misleading conservative figures, for fairness
@OopsFailedArt
December 30, 2023 at 5:48 am
Are things different in the UK? I work in finance and buyouts rarely ever cost less than a 30% mark up… That assumption sounds rather reasonable..
I'm in the USA though is this different?
@zaphodbeeblerock
December 30, 2023 at 5:48 am
You know, that your sytem of million, billion, trillion is mathematically wrong ?!
@gamefever90
December 30, 2023 at 5:48 am
4:47 per year*
@iain4421
December 30, 2023 at 5:48 am
If they keep increasing tax on the top 5% they will just leave so who going to pay then. The rest of us
@albiethecockerspaniel
December 30, 2023 at 5:48 am
You have to be popular to be elected right? ….The “super rich” is just a code within labour for “the middle classes”.
@shanehull6235
December 30, 2023 at 5:48 am
How much would the conservatives spending plans costs since their not costing them maybe labour will tell us 🙄
Lol Dominic nooooo more democracy noooooo
@alfienelson556
December 30, 2023 at 5:48 am
Why don't people remember the 1970s, we don't ever want a socialist government again after what they did. Labour spend money, conservatives have to save money to keep the country going and then get blamed.
@respublica4373
December 30, 2023 at 5:48 am
I don't know what is worse, increasing taxes to cover your spending or be dishonest and use money you don't have.
@charleswashington3973
December 30, 2023 at 5:48 am
Obviously not next question
@screwnacorn
December 30, 2023 at 5:48 am
£1,200,000,000 == £1.2 trillion
@nellybrooks7697
December 30, 2023 at 5:48 am
I'd like to see a video about the tax on petrol to get pollution down that the Tories are accusing Corbyn of 🙂
@MebXVII
December 30, 2023 at 5:48 am
I bet you won't be doing a similar video about Labour's claim NHS drug spending will increase by £500m a week.
@Gredddfe
December 30, 2023 at 5:48 am
You followed up your "The Tories lied" statements with a "Labour's probably going to lie as well" in an attempt to sound unbiased. But falsely linking the Tories' actual lies with Labour's possible future ones is itself biased. The only unbiased thing to do here is to say "The Tories lied" and leave it at that. There will always be people who will call you biased – there's no getting around that. Just report on the news and continue to give your (actually unbiased) analyses.
@danielwebb8402
December 30, 2023 at 5:48 am
Buying back a gas company not at the full price a rival bid would pay for it, so the +30% estimate, is theft. If it is at a "price to be determined by government". Also if not for cash but forced exchange for gilts.
And the current shareholders will have had the human rights to private property trampled on.
Ditto the taking of 10% of all companies shares to gift to the workers.
Ditto the "assimilation" of private schools buildings land and their bursarys.
All theft of private property.
@Peds013
December 30, 2023 at 5:48 am
Whilst it's obviously shit-stirring BS from the Tories. You can't defend with we're still not sure what promises he's going to keep and not say that's Corbyn spouting and shite that everyone wants to hear.
They will either spend a fortune or overpromise.
@MrRRHHMM
December 30, 2023 at 5:48 am
The rotten to the core 2 party system is finished… VOTE BREXIT PARTY… DRAIN THIS SWAMP.
@iFkNxLegend
December 30, 2023 at 5:48 am
Conservatives will high ball the cost. Labour will low ball the cost. The reality will be somewhere in the middle
@archiebf4524
December 30, 2023 at 5:48 am
Remember Labour tax the rich, Tories tax the poor
@seandonoghue2347
December 30, 2023 at 5:48 am
Great idea!! take money off everyone because the government knows how best how to spend your money!!
Why dont they just give tax back. charge for doctors and have smaller waiting times!! Everyone will still have money spare!!
@jpjg86
December 30, 2023 at 5:48 am
Might I suggest to avoid ‘pro-corbyn’ comments, that you balance any and all coverage, rather than tacking it on at the end. Just thinking of ways for you to avoid the extra eye strain from all the eye rolling at ridiculous comments.
@isaacrushworth5036
December 30, 2023 at 5:48 am
1:28 am I being stupid or is that number billion not trillion?
@colinnewton5254
December 30, 2023 at 5:48 am
The cost of the Labour manifesto, if they win the next election, is estimated to cost an extra 200 billion pounds per annum and this does not include the 50 billion pounds cost of our payment to the EU each year. Where is this money to come from? In real terms it can only come from increased taxation, so the less well off will find themselves worse off, but the rich will as usual find ways and means of not paying the extra as they always do. The extra money can of course come from printing more money, in which case everyone will be worse off. Labour of course forget that the less well off will then strike for more pay leading to increased inflation which itself puts up costs causing runaway inflation, it always does. Most people don’t know, or have forgotten, the extremely high inflation rate of 12 percent of the late sixties and early seventies. Not forgetting the labour government of the first ten years of this century when Gordon Brown robbed pension funds and let the banks run riot, which caused the 2008 financial disaster.