As many predicted, the ascension of UK’s Labour party to power is likely to bring about a rush of leftist economic policies that will worsen rather than alleviate the dire economic situation that Britain is facing.
High-net individuals and entrepreneurs in general ‘are already fleeing Britain’ as widespread fears grow over a raft of tax rises as part of Labour’s first Budget.
Bankers, financial advisers and business chiefs warn of an ongoing exodus, as Keir Starmer’s government may ruin Britain with a ‘widely expected increase in capital gains tax (CGT)’.
Telegraph reported:
“Ceri Vokes, a partner at law firm Withers Worldwide, who works with entrepreneurs and private equity executives, said a number of her wealthy clients had already moved overseas this year, with the election ‘the main driver’. She added: ‘People with hundreds of millions of pounds [are leaving] because changes can be more impactful for them’.” […]
— Read More: www.thegatewaypundit.com
