Super-rich prepare to leave UK 'within minutes' if Labour wins election Super-rich prepare to leave UK 'within minutes' if Labour wins election
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  1. #1

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    Default Super-rich prepare to leave UK 'within minutes' if Labour wins election

    They've gone full Guardian... almost if they don't like Labour's tax plans.

    *B* cancelled and Labour led coalition. 2020 will be spectacular for us Short Sellers


    The super-rich are preparing to immediately leave the UK if Jeremy Corbyn becomes prime minister, fearing they will lose billions of pounds if the Labour leader does “go after” the wealthy elite with new taxes, possible capital controls and a clampdown on private schools.

    Lawyers and accountants for the UK’s richest families said they had been deluged with calls from millionaire and billionaire clients asking for help and advice on moving countries, shifting their fortunes offshore and making early gifts to their children to avoid the Labour leader’s threat to tax all inheritances above £125,000.


    The advisers said a Corbyn-led government was viewed as a far greater threat to the wealth and quality of life of the richest 1% than a hard Brexit.


    Corbyn's super-rich targets: who are they and what could he do?
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    Geoffrey Todd, a partner at the law firm Boodle Hatfield, said many of his clients had already put plans in place to transfer their wealth out of the country within minutes if Corbyn is elected.


    “Lots of high-net worth individuals are worried about having to pay much higher taxes on their wealth and have already prepared for the possibility of a Corbyn government,” he said. “Transfers of wealth are already arranged – in many cases, all that is missing is a signature on the contract.


    “There will be plenty of people on the phone to their lawyers in the early hours of 13 December if Labour wins. Movements of capital to new owners and different locations are already prepared, and they are just awaiting final approval.”


    Dominic Samuelson, the chief executive of Campden Wealth, which advises more than 3,500 rich families, said: “From the ultra-high net worth perspective, a Labour government under Corbyn is a much greater threat to them and their businesses and their wealth than Brexit.”


    On Thursday, Corbyn singled out five members of “the elite” that a Labour government would go after in order to rebalance the country.


    He claimed Mike Ashley, the billionaire owner of Sports Direct and Newcastle United, was a “bad boss” who exploited his workers through zero-hours contracts. Ashley hit back, telling the Financial Times: “Corbyn’s not only a liar but clueless.”


    The Labour leader also named the “greedy banker” Crispin Odey, the hedge fund manager who made £220m betting against the pound in the run-up to the EU referendum. Odey responded by telling the Daily Telegraph: “Luckily they [Labour] can’t even run a campaign, let alone the country.”


    Super-rich prepare to leave UK 'within minutes' if Labour wins election | News | The Guardian
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  2. #2

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    Now tell us something we didn't know.

    Labour have no chance in this election - and I am not sure they really want one.

  3. #3

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    Seems like you believe the electorate will make a sound choice based on applied reason and logic. Unfortunately under the British flavour of democracy the Landlords of the country prefer first past the post system in order to keep the herbivores in check and prevent them reaching out beyond their station. With such clear strong alternatives thrashing out a strong policy for a stronger Britain, it's clear Labour don't have a chance
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  4. #4

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    I hope Korbyn has a new rule that you have to pay tax on global income if you want a UK passport.

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    Quote Originally Posted by original PM View Post
    Now tell us something we didn't know.

    Labour have no chance in this election - and I am not sure they really want one.
    Absolute tosh. Corbyn and Labour are going to smash this GE by a huge margin. Tories are going to lose their shirt. A Labour absolute majority is almost guaranteed with lib dems second and Tories distant third.
    This country needs Brexit cancelled and a programme of socialist policies in place to drive growth and social mobility.
    Vote Corbyn ! Save this country !

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    Quote Originally Posted by original PM View Post
    Now tell us something we didn't know.

    Labour have no chance in this election - and I am not sure they really want one.
    Not so sure, how many of these super rich are there compared to the working class and low earners. Corbyn is going for that huge swathe of voters.

    The rich control the media though so expect to see them try to destroy Corbyn via fake news.

  7. #7

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    Quote Originally Posted by fullyautomatix View Post
    Absolute tosh. Corbyn and Labour are going to smash this GE by a huge margin. Tories are going to lose their shirt. A Labour absolute majority is almost guaranteed with lib dems second and Tories distant third.
    Whatever you are on, can I have some?

    Quote Originally Posted by fullyautomatix View Post
    This country needs Brexit cancelled and a programme of socialist policies in place to drive growth and social mobility.
    Socialist policies would not help growth short term. They would drive social mobility that would help growth long term.

  8. #8

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    The same folks with nothing to lose that voted for B even if not in favour of it will likely form a large chunk of the labour vote this time round.

    1970's here we come. Prawn cocktails for starters, corned-beef for mains, followed by ham and banana hollandaise
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  9. #9

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    Quote Originally Posted by BrilloPad View Post
    Whatever you are on, can I have some?
    Me too. That must be strong sh.t he's smoking.

  10. #10

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    Quote Originally Posted by fullyautomatix View Post
    Absolute tosh. Corbyn and Labour are going to smash this GE by a huge margin. Tories are going to lose their shirt. A Labour absolute majority is almost guaranteed with lib dems second and Tories distant third.
    This country needs Brexit cancelled and a programme of socialist policies in place to drive growth and social mobility.
    Wow that is quite some statement.

    You do realise that you'll be out of a job within weeks of Labour winning the election? And because you're "rich" (in terms of McDonnellomics) you will be taxed to within an inch of your life so that some scrote high on poppers can enjoy a council house for free.

    I honestly cannot believe how stupid some people are.

    We need a centralist government, not extremist far-left loonies.

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