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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBritain's billionaires 'prepare to flee country amid fears Jeremy Corbyn will be next Prime Minister
Britain's wealthiest individuals are preparing to leave the country amid belief Jeremy Corbyn will become Prime Minister, it was reported.
Billionaires and multimillionaires are said to be making plans to protect their fortunes, which include moving their assets and businesses overseas, in preparation of tax increases should the Labour leader enter Downing Street.
According to The Sunday Times, which today publishes its annual Rich List, individuals could take up to £1 trillion out of Britain amid fears over what has been dubbed 'Corbygeddon'.
The newspaper reported that the head of Coutts, the Queen's bank, said clients were more concerned with Corbyn than by Brexit and that a tax expert had helped a number of people with a net wealth of more than £500 million, totalling more than £5 billion, leave Britain over the past year
https://www.google.com/amp/s/www.telegraph.co.uk/news/2019/05/11/britains-billionaires-prepare-flee-country-amid-fears-jeremy/amp/
Blue_Tires
(55,445 posts)And if nothing else, shouldn't Labour be pushing a non-Brexit candidate?
JonLP24
(29,322 posts)mr_lebowski
(33,643 posts)BannonsLiver
(16,527 posts)Im surprised they are so reactionary.
ck4829
(35,094 posts)TheBlackAdder
(28,232 posts)Me.
(35,454 posts)Wounded Bear
(58,755 posts)delisen
(6,046 posts)Giving Rupert Murdoch citizenship so he could invest here has cost us much more than the money he invested.