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Entrepreneurs are leaving the UK in droves, minister admits
The Times (UK) ^ | Monday November 24 | Ben Clatworthy

Posted on 11/24/2025 6:10:05 AM PST by Salman

Labour’s tax rises have led to an exodus of wealthy Britons, the business secretary has admitted.

Peter Kyle said he accepted that “some of the decisions” the party had made since taking office had caused “some people [to] feel the need to leave”.

Asked if the wealthy were opting to leave because of tax decisions made by the government, he said: “Yes, I do.” He added: “I’m not going to duck the fact that we have put up taxes and we’ve closed some of the loopholes for non-doms.”

...

(Excerpt) Read more at thetimes.com ...


TOPICS: Business/Economy; Culture/Society; Government; United Kingdom
KEYWORDS: taxes; uk
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At this point the UK government is considering this acceptable collateral damage.
1 posted on 11/24/2025 6:10:05 AM PST by Salman
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To: Salman
No problem, there are plenty of "entrepreneurs" to replace them.


2 posted on 11/24/2025 6:11:09 AM PST by dfwgator ("I am Charlie Kirk!")
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To: Salman

Mamdani insists that this doesn’t happen.


3 posted on 11/24/2025 6:11:45 AM PST by fhayek
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To: dfwgator

And their five times a day prayer alarms get them up early so they can be nice and productive.


4 posted on 11/24/2025 6:15:37 AM PST by Track9 (Liberal tears make me smile. Thank you DJT!)
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To: dfwgator

Yep, not to worry—boatload after boatload of engineers, doctors, and astronauts coming to fill the vacuum.


5 posted on 11/24/2025 6:17:39 AM PST by dinodino ( Shut it down anyway. )
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To: Salman

Where can you go and hide?


6 posted on 11/24/2025 6:43:43 AM PST by calico_thompson (Vanity sarcasm)
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To: Salman

https://economictimes.indiatimes.com/nri/latest-updates/steel-tycoon-lakshmi-mittal-quits-uk-ahead-of-proposed-taxes-on-super-rich-report/articleshow/125520763.cms


7 posted on 11/24/2025 6:47:24 AM PST by Brian Griffin
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To: calico_thompson

“Where can you go and hide?”

Trump let his kids take over and went into politics.

The inheritance tax system cost Hillary and Kamala dearly.


8 posted on 11/24/2025 6:55:28 AM PST by Brian Griffin
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To: dfwgator
Yep - to the tune of 400,000 3rd world "migrants" allowed in every year.

Yet Kier Starmer says the greatest threat to the UK is the "far right."

US State Department release:

Department of State:

@StateDept - Nov 21

In the United Kingdom, thousands of girls have been victimized in Rotherham, Oxford, and Newcastle by grooming gangs involving migrant men

Many girls were left to suffer unspeakable abuse for years beforeauthorities stepped in.

4997-A4-CE-7463-4-F47-987-B-833-AC013-C883

A96-A687-A-D197-4-FB9-B843-4-E622-A487791-1-102-o

9 posted on 11/24/2025 7:07:38 AM PST by Bon of Babble (You Say You Want a Revolution?)
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To: Salman

It’s also been reported that water is wet.


10 posted on 11/24/2025 7:24:49 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money)
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To: Oldeconomybuyer
It’s also been reported that water is wet.

The story is they openly admit it, yet forge ahead anyway.

11 posted on 11/24/2025 7:48:40 AM PST by Salman
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To: Salman

I need to invest in companies manufacturing droves. Seems to be a popular form of transportation.


12 posted on 11/24/2025 10:29:28 AM PST by BikerJoe
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