Zimbabwe, Venezuala..........labour Britain.

[ToraToraTora]

https://www.independent.co.uk/news/business/comment/capital-controls-uk-economy-brexit-labour-corbyn-pound-sterling-banks-nationalisation-a8738296.html
Exchange controls? yee gods and little fishes! Don't let this labour shower in.

[Old_Geezer]

Capital shouldn't be able to flow unimpeded. If you gather wealth from the efforts of one nation's workforce why should it be easy to deprive that nation of it's wealth and take it elsewhere on whim ? It just gives power to merchants and removes power from elected governments. If you want to invest elsewhere there should be hurdles to clear. There should be a clear case of likely benefit to the nation one is hoping to extract weath from. But one step at making Britain great, at a time.

[Jackdaw33]

I remember going abroad in 1974. I was only allowed to take £50 in sterling; the rest I had to change into dollars.

[KARL]

Foreign investment in the UK has been made on the basis that it is safe, profitable and available for withdrawal when desired. Everyone knows this, investors and business/politicians alike. If either the economy or the currency becomes an unattractive proposition then there will arise a desire to cease investment and withdraw funds. Local holders of funds will also want to move their assets to a better home. The UK government will watch how strong, at any given time, the tendency to disinvest is and if the pressure on the economy/currency becomes greater than is considered sustainable then, as OG alludes to, restrictions on transfers out of the country will be imposed. Hitherto the policy has been to have a fully free regime in this regard. The circumstances can and may well seriously change. Sterling is a relatively weak currency and if things become difficult there is not much room for liberal choices unless a major loss of value is considered both acceptable and desirable.

[ynnafymmi]

I notice on the news tonight Corbyn being called out for what he was-an IRA and Hamas terrorist apologist.Instead of denying it ,he scuttled away like a little weasel.

[hereIam]

'little weasel' mmm good description of this horrible man.

[Togo]

//Zimbabwe, Venezuala//................Don't forget Bolivia. Another cradle of freedom and innovation.

https://order-order.com/2019/11/11/corbyn-sides-outed-corrupt-bolivian-president/

[ToraToraTora]

ynna: well he can't really deny it can he, lots of evidence.

[cassa333]

As long as these businesses pay tax on all money earned.... and I mean proper tax on income not tax evasion, spiriting it away or ‘ we have expenses outside the UK that must be covered’ before tax etc. What is the problem with them taking their money out of the country?

Stop he tax loopholes and things like that and then everyone pays what they owe.

[ToraToraTora]

karl has it, if you limit what can be taken out, you'll get nowt put in in the first place. Exchange controls are a symptom of serious financial problems under the covers. If you introduce them you are advertising to the world that your economy is a shilo pit and no one will touch it with a barge pole.

[Old_Geezer]

Investment in the UK would still be safe and profitable. If any hurdles to extracting any gain puts some off they can leave the investing to those willing to make profit and keep it in this nation. Only a fool lets a good opportunity go begging.