Will Britain’s darkening mood make Labour a one-term wonder?: Somerset Webb
As the UK braces for a potential Labour government and higher taxes, wealthy residents are contemplating leaving the country to avoid hefty tax burdens. Factors such as rising inheritance taxes and increased VAT on private school fees are driving this exodus. Amid growing dissatisfaction with public services and low tax morale, many question the value they receive for their contributions. Merryn Somerset Webb explores the implications of declining trust in government and its impact on tax compliance.
Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.
By Merryn Somerset Webb
The rich are threatening to flee the UK before Labour can roll out its regime of higher taxes targeting them.
___STEADY_PAYWALL___