Originally posted by Unix
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Super-rich prepare to leave UK 'within minutes' if Labour wins election
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His heart is in the right place - shame we can't say the same about his brain... -
Originally posted by Mordac View PostThere's no need for any 'fake news', the truth would scare the tulip out of most sane people. He'll be ousted within 6 months anyway, for not being a sufficiently useful idiot.Comment
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Originally posted by BrilloPad View PostHe would be ousted as he is the cuddly face of Labour. When MacDonnell takes over it will get worse.His heart is in the right place - shame we can't say the same about his brain...Comment
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The super rich will still be super rich under Labour. It's those trying to GET rich who will be scuppered.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Don’t they say this every time, and it never happens?
Well, I think Jim Davidson went to Dubai for a bit, but he came back again. More’s the pityComment
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Maybe the super wealthy are right to be worried but I sincerely doubt many of them will leave on day 1. The UK is much too good a tax haven for them and is likely to be for a while yet.
Unfortunately the real narrative is much more unpalatable. Both main parties are economically incoherent. The irony is that whoever wins the election is likely to have to raise taxes all round in the long term.
Both main parties are committing to increasing spending. Labour probably won't be able to raise enough tax to meet it's aims and the Tories are going to have a hole somewhere because they position themselves as the low tax, small state party historically.
This graph from the Telegraph is interesting as it suggests the tax burden (income tax at least) for the rich has continued to rise for almost 40 years when most of that time has had a Tory government.
Tax burden on the wealthy has trebled since the 1970s, Telegraph analysis shows
Given marginal tax rates have come down a lot in that time, I assume that's due to the rich paying more tax out of a bigger share of the pie.
Meanwhile the UK national debt has ballooned by about £640 BILLION since 2010 and as a percentage of GDP it's gone from about 75 to 85%. The ratio of debt vs GDP has hardly changed since 2013. If you exclude the so called PIGS economies (AKA basket cases) like Greece, Italy, Spain and Portugal, only France has a worse level of debt than the UK in the EU of any major country. Yes, the budget deficit has come down in the last three years but we're still running up a budget deficit every single year.
It's hard to think how anyone can believe the government is economically competent.Comment
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Originally posted by NickFitz View PostDon’t they say this every time, and it never happens?
Well, I think Jim Davidson went to Dubai for a bit, but he came back again. More’s the pity
And Phil Collins (who did move), Frank Bruno and various other C list celebs...
No doubt this will get trotted out again during the election campaign.Comment
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Originally posted by edison View PostMeanwhile the UK national debt has ballooned by about £640 BILLION since 2010 and as a percentage of GDP it's gone from about 75 to 85%. The ratio of debt vs GDP has hardly changed since 2013. If you exclude the so called PIGS economies (AKA basket cases) like Greece, Italy, Spain and Portugal, only France has a worse level of debt than the UK in the EU of any major country. Yes, the budget deficit has come down in the last three years but we're still running up a budget deficit every single year.
It's hard to think how anyone can believe the government is economically competent.Comment
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Originally posted by ChimpMaster View PostYou do realise that you'll be out of a job within weeks of Labour winning the election?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Mordac View PostHe'll be ousted within 6 months anyway, for not being a sufficiently useful idiot.…Maybe we ain’t that young anymoreComment
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