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Post by Handyman on Oct 19, 2024 7:37:42 GMT
A survey conducted by wealth managers Evelyne Partners of 500 business owners state nearly half of them they would consider taking their companies out of the UK if Labour introduces High Taxes as expected in the Budget later this month, the company state that they have many of queries from business owners who are concerned, some are considering becoming non-resident.
Reeves is expected to bring in the largest tax raid in history on the 30th October, a raid on Capital Gains Tax and an Increase in Employers National Insurance Rates, they also fear Reeves will change business relief on inheritance tax, which benefits families inheriting a business or its assets, including shares in unlisted companies.
Higher CGT rates would not only push the wealthy to relocate but would deter entrepreneurs starting new companies, Evelyn Partners’ survey found, 46pc of the business owners asked for their opinion stated an increase in Capital Gains Tax would also deter them from starting a new business in the UK.
In addition due to technology available today some business owners may decide to up sticks and move either themselves or their operations – or both – abroad if they felt they weren’t being made welcome in the UK, also changes to Non Dom's may have the same effect and some may up sticks and leave as well.
Report in todays Telegraph
IMHO.
If Labour do as expected and hit them too hard many business owners, entrepreneurs, innovators, investors will leg it as fast as they can with their cash, France found that out some years ago they put Taxes up so high a mass exodus took place, they legged it on the double.
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Post by Pacifico on Oct 19, 2024 7:42:24 GMT
Apparently the largest rise in taxes in history - that will get growth going..  |
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Post by Fairsociety on Oct 19, 2024 7:45:56 GMT
It will be far more disastrous than Liz Truss, yet we wont have all the theatricals, and over the top reacting like we did with hers.
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Post by Handyman on Oct 19, 2024 8:06:13 GMT
It will be far more disastrous than Liz Truss, yet we wont have all the theatricals, and over the top reacting like we did with hers. If it is bad as expected I think there will be a very bad reaction to say the least |
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Post by Fairsociety on Oct 19, 2024 8:10:39 GMT
It will be far more disastrous than Liz Truss, yet we wont have all the theatricals, and over the top reacting like we did with hers. If it is bad as expected I think there will be a very bad reaction to say the least Inflation is down, so a glimmer of hope interest rates will come down, so what if it's true she is going to put 7p a litre on fuel, there isn't a hope in hells chance of mortgages coming down, they are going to completely destroy our economy. |
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Post by jonksy on Oct 19, 2024 8:19:08 GMT
It will be far more disastrous than Liz Truss, yet we wont have all the theatricals, and over the top reacting like we did with hers. If it is bad as expected I think there will be a very bad reaction to say the least Labour civil war erupts as Rayner and Reeves row over social housebuilding funds....
Tensions are rising at the very top of the Labour government after it emerged Rachel Reeves and Angela Rayner could be going head-to-head over the amount of funding available for social housing.
Ms Rayner, the Deputy Prime Minister and housing secretary, has been trumpeting her ambitious target to build 1.5 million homes across the UK in the next five years.
But even before any spades have gone into the ground, the Chancellor Ms Reeves is understood to be considering tightening the purse strings and sources have said there will not be enough money for an "an immediate cash injection".
Ms Rayner, who said house building was a "moral mission" for Labour could be disappointed by her colleagues at the Treasury when the Budget is announced at the end of this month, The Guardian reports.
it is understood Ms Rayner had asked for immediate top-funding to an affordable social homes programme which is expected to need £11.5bn of taxpayer cash over the next five years.
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Post by jonksy on Oct 19, 2024 8:21:07 GMT
If it is bad as expected I think there will be a very bad reaction to say the least Inflation is down, so a glimmer of hope interest rates will come down, so what if it's true she is going to put 7p a litre on fuel, there isn't a hope in hells chance of mortgages coming down, they are going to completely destroy our economy. Record number of businesses 'on the edge of collapse' ahead of Budget.....
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Post by Handyman on Oct 19, 2024 8:25:48 GMT
If it is bad as expected I think there will be a very bad reaction to say the least Inflation is down, so a glimmer of hope interest rates will come down, so what if it's true she is going to put 7p a litre on fuel, there isn't a hope in hells chance of mortgages coming down, they are going to completely destroy our economy. Mortgages have just gone up, yes fuel will go up , and yes I fear they will destroy your economy |
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Post by Fairsociety on Oct 19, 2024 8:29:37 GMT
Inflation is down, so a glimmer of hope interest rates will come down, so what if it's true she is going to put 7p a litre on fuel, there isn't a hope in hells chance of mortgages coming down, they are going to completely destroy our economy. Record number of businesses 'on the edge of collapse' ahead of Budget.....
By the time this government has finished there will not be enough businesses or people working to pay taxes, the whole economy will collapse, the NHS will be completely finished, even people with the very basic economics knows taxing businesses and individuals to death will be disastrous to the economy, every aspect of the economy, it's now becoming very clear to those who voted Labour why they have been out of power for 13 years, Starmer has sealed their fate, after the next GE Labour will not see power again for decades. |
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Post by jonksy on Oct 19, 2024 8:29:44 GMT
Inflation is down, so a glimmer of hope interest rates will come down, so what if it's true she is going to put 7p a litre on fuel, there isn't a hope in hells chance of mortgages coming down, they are going to completely destroy our economy. Mortgages have just gone up, yes fuel will go up , and yes I fear they will destroy your economy I bet VAT will take a hit...You can bet your bottom dollar the country will be made bankrupt under this shitshow it's what they do best. |
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Post by Fairsociety on Oct 19, 2024 8:32:21 GMT
Mortgages have just gone up, yes fuel will go up , and yes I fear they will destroy your economy I bet VAT will take a hit...You can bet your bottom dollar the country will be made bankrupt under this shitshow it's what they do best. They always hand over a bankrupt empty pot to the next Government, then when in opposition spend years complaining about the mess they made. |
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Post by sheepy on Oct 19, 2024 8:37:44 GMT
let me take a guess, you will need to pay more to keep the government in the life it is accustomed to, but it won't affect their standard of living one bit.
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Post by jonksy on Oct 19, 2024 8:40:40 GMT
let me take a guess, you will need to pay more to keep the government in the life it is accustomed to, but it won't affect their standard of living one bit. Well it won't affect 2 Tier Keir when his bum chum is his sugar daddy.. |
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Post by see2 on Oct 19, 2024 8:42:01 GMT
I bet VAT will take a hit...You can bet your bottom dollar the country will be made bankrupt under this shitshow it's what they do best. They always hand over a bankrupt empty pot to the next Government, then when in opposition spend years complaining about the mess they made. There's enough Rightist garbage that gets posted, adding lies ^^ to the ifs, buts and maybes Just adds dishonesty to the mix. |
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Post by Pacifico on Oct 19, 2024 10:47:55 GMT
If it wasn't so serious it would be funny. We have the highest levels of taxation, national debt and public spending since WW2, with the result that growth is stagnating.
Labours answer is even higher taxes and more debt and public spending...
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