Well Off Moving Their Dosh Out Of Britain....who'd Have Thunk It!

[ToraToraTora]

https://www.express.co.uk/news/uk/1995487/nightmare-rachel-reeves-uks-richest-move-money

[Canary42]

It seems totally acceptable for the rich to undermine our fine country for their own selfish ends, but any similar movement from the other end of the wealth spectrum (strikes) is viciously attacked by the Media Barons.  Welcome to Capitalism. 

[ToraToraTora]

how are they undermining? Buy owning things? employing people? Spending their money here? You really need to get that 4x2 off your should canary.

[Pegasus16]

Surely they must have known this would likely happen. This rudderless hopeless Labour circus continues to display what an utter shambles it is.

[newmodarmy]

strikers are free to leave the country too canary if they feel they are underpaid.

In fact anyone is free to leave. No-one blames expats like gulliver or several others on here who chose to do what was best for them. (I wonder whether they left under a  Labour gov or Tory gov- maybe they can tell us)

[albaqwerty]

The arrival of Ellen DeGeneres can also out the departure of one British wealthy person surely? 🤣

[newmodarmy]

This has been done a few times over the last few months on here, ususally after an Express story. I think the Express are overstating the issue- there seems no firm evidence (yet?). I prefer to accept this government was elected with a large majority and won't feel under pressure to change in response to public or media pressure for at least the first couple of years, by which time we'll have a better idea of how things are panning out.

[New Judge]

I think this sums up the current siuation perfectly:

Mr Green said that this is "not a knee-jerk reaction" but rather a "strategic response" to an environment that has become "increasingly hostile to wealth and investment".

By 2029 there will be no wealth left to invest.

https://www.techuk.org/resource/the-first-kings-speech-of-the-new-government-sets-economic-growth-as-its-most-pressing-priority.html

"As the first King’s Speech of the new Government, and the first of a Labour majority Government for 14 years. Prime Minister Keir Starmer has aimed to set out an ambitious legislative agenda, pointing to economic growth as his Government's most pressing priority. "

Growth my Aris!  

[ToraToraTora]

Starmer is begging the regulators for ideas for growth:

https://www.bbc.co.uk/news/articles/cy0n14ywzqpo

I'll help there, reverse the last budget and start again. At the moment he's like someone who's just put an axe through the bottom of a boat asking for ideas to stop it sinking.

[Old_Geezer]

All the more reason to ensure there are hurdles to prevent the free movement of wealth. If you managed to grab a pile from one nation's wealth for yourself then you ought to spend/invest your "good fortune" in that same nation, not run off with it to boost the economy and living standards of a different one.

[Atheist]

Will you be doing that, TTT?

[Peter Pedant]

(Wealth) ....but any similar movement from the other end of the wealth spectrum (strikes) is viciously attacked by the Media Barons.  Welcome to Capitalism. 

I dont regard these two wealth strikes as part of a spectrum.

BUT . ....  Jacob Rees Mogg moved his fambly trust to Dublin a few years ago. 

[New Judge]

"All the more reason to ensure there are hurdles to prevent the free movement of wealth."

What, you mean like currency controls?

We really are going back to the 1970s if so.

[ToraToraTora]

be like the Wilson days all over again judge!

[youngmafbog]

//All the more reason to ensure there are hurdles to prevent the free movement of wealth.//

Good God, I knew you were a lefty but this is pretty much communism.

//It seems totally acceptable for the rich to undermine our fine country for their own selfish ends,//

So Unions stiking arnt doing the same?  Very blinkered view you have.

And instead of lashing out at those taking action why not look closer to home as to why they take that action?  Or dont you like looking at that reality?

[gulliver1]

The wealthy moving their money out of the Country before they have to pay tax...Only the working class pay tax in the UK .

[douglas9401]

Only a proportion of the working class pay tax, that's why there are checks at airports on departing passengers.

[Peter Pedant]

 hurdles to prevent the free movement of wealth." What, you mean like currency controls? We really are going back to the 1970s if so.

spectacularly didnt work

This was in the days of Healey - "we will tax them until the pips squeak !" -  confiscatory taxation now frowned upon

[Ellipsis]

Lord Rose, the former Chairman at Asda and Marks and Spencer, stressed that improving productivity is key to reviving the British economy.

He added: “I mean, just a simple thing, I read the other day that there are more civil servants in the Ministry of Defence than there are on the front line in the Royal Air Force and the Navy put together. That is unsustainable.

“And whether it’s the National Health Service, whether it is policing, whether it is the infrastructure problems that we’ve got, if we do not improve productivity in the country, then nothing is going to happen.

“This is about people working together. It’s that old phrase that I think John Kennedy said – ‘don’t ask your country what it can do for you. Ask yourself what you can do for your country. We’ve all got to pile in.”

So ...

Why is productivity so poor?

Why would some rich people rather leave the country than "pile in"?

[Ellipsis]

The quote above was from a different Express article ...

https://www.express.co.uk/news/politics/1995871/Labour-economy-tax-hikes-productivity

[ToraToraTora]

there's no incentive to "pile in" when the government are being so vindictive.