Millionaires Fleeing UK: A Taxing Situation, It Is!

A Relaxed Past It Was

Hmm riches aplenty in the UK there once were. 'Intensely relaxed about people getting filthy rich,' they said 'as long as they pay their taxes.' A different tune they sing now yes. A great disturbance in the Force I sense. Like Alderaan after the Death Star the UK's allure diminished it has.

The Tide Turns It Does

Sanctions and tax hikes a double blow it is. First the oligarchs gone they were. Then the non doms facing a 40% levy a steep price to pay hmm? 'Simpler residency based system,' they promised but simpler does not mean better it does not. Like sand through fingers wealth slips away it does.

An Exodus A Great Exodus

Leaving they are. Millionaires by the thousands. More than China even! A drain on the economy this is. Stephen Kinsella doubts he has. But LonRes and Companies House a different story they tell. Like Luke heading to Dagobah they seek refuge elsewhere these millionaires do.

Other Lands Beckon They Do

Italy the UAE welcoming arms they have. Exemptions and fees a sweet deal they offer. Gnodde Sawiris Fredriksen tempted they were yes. Lakshmi Mittal contemplating his options he is. Like Obi Wan Kenobi seeking a new hope they search for fairer shores they do.

The Government's Gamble A Risky One

£2.7 billion they hoped to raise. But Oxford Economics a different prediction they make. 63% leaving a costly mistake it could be. Jobs lost charities suffering a ripple effect it is. Like Jar Jar Binks in a senate hearing the government underestimated the consequences they did.

A Chance to Change There Is

Too late it may be to lure them back. But further departures they can prevent. Restore the exemption they must. A U turn it may seem but necessary it is. Like Luke facing Vader a difficult choice it is but the fate of the economy it may depend on it. Before September they must act before more millionaires vanish they do. May the Force (and lower taxes) be with them!