It’s truly amazing that more than 100 years after economists formally discovered the concept of declining marginal returns, the rulers of Clown World continue to insist on driving a nation’s most successful entrepreneurs out of the country.
Britain’s richest plumber has put his £12million London penthouse on the market as he prepares to flee Britain ahead of a mooted Labour tax raid. Charlie Mullins, who founded Pimlico Plumbers, has said he wants to have ‘no assets in the UK whatsoever’ and intends on not paying tax next year as he leaves the country.
The 71-year-old, who made £145million when he sold his firm in 2021, had moved into the property the same year after falling in love with the view over the River Thames. But now he wants to get rid of the flat, which neighbours an apartment owned by Tom Jones, insisting that his family would ‘go mad’ if they had to pay inheritance tax because of it.
The businessman said he is concerned the new chancellor Rachel Reeves will increase death taxes and is instead ploughing his money into property in Spain and Dubai… Henley & Partners, which helps wealthy investors to move overseas, estimates that Britain is on track to lose a record 9,500 millionaires this year
Of course, this seeming stupidity is probably much more accurately attributed to economically-informed malice. If destroying the nation is the objective, then impoverishing it and driving out the nation’s most successful entrepreneurs away is going to be viewed as a positive.