UK Chancellor John Healey said he wants to stem the exodus of billionaires from the UK, but has signalled a capital gains tax rise in the 28 October Budget.
Healey said Labour wanted the wealthy to stay because “they create the jobs”. Hedge fund founder Chris Rokos, the UK’s third-biggest taxpayer, who paid an estimated £330 million in taxes in 2025, said he would move to Greece.
Greek officials courted Rokos for months and in June cut the tax on hedge fund bonuses from 15% to 5%. Economist Arthur Laffer, who created the Laffer Curve, has said the UK is taxing itself to death.
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Marxist’s logic.
Anything to prop up the welfare bill, got to keep the muslims in free housing, health care, you name it they get it.
The lefties are poison to a capitalist society.
The British need to colonise more and steal more from everyone else. Otherwise they are broke.
Okay, so how is UK Chancellor John Healey going to make ends meet when just so many billionaires leave?
Its not just the hundreds of millions in tax, its the employees who will move to another country.
1960s 98% supertax.
Prelude to war
Capital control
United Kingdom – Exchange Controls (1939–1979) Imposed at the outbreak of WWII under the Emergency Powers (Defence) Act 1939. They remained in place for 40 years. They restricted foreign currency purchases, overseas investments, and moving capital abroad. They were NOT finally abolished by Thatcher in October 1979.
Smart ones already left.
And too many came here to NZ
They wont be staying if Labour and co get in.
This is exactly whats going to happen here if Labour, TOP and the Greens get in. Here’s a list of some of the wonderful possible taxes they have in store for us:
-CGT (a lot more of it)
-Wealth tax (which failed in Norway when people fled)
-Death/inheritance tax (Europe without the world class healthcare)
-28% base base rate (you don’t need it, people who don’t work do!)
-Land value tax -0.5% rural, 1.75% everywhere else (no retiring for you peasants, work until you drop)
Suffice to say anyone sticking around for this who has money is insane.