According to P85 forms (the paperwork you file when you tell the taxman you’re gone), almost 69,000 taxpayers told HMRC last year they were done with the nonsense and leaving Britain for good.
That’s up from 52,000 the year before — a 32% jump in a single year.
These are the productive, the mobile, and the solvent. They ran the numbers on the British “tax deal” and concluded, quite rationally, that rape wasn’t for them and they could do better elsewhere.
When a country’s most capable citizens start voting with their passports, look at who benefits from making them go.
Since the last general election, the Treasury has reached for nearly every lever on the panel. Each one was sold as modest, targeted, and fair. But when added up, they’re a sustained assault on anyone who saves, builds, employs, or plans for the next generation.
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Every one of them taxes accumulation: the people who turn income into capital and capital into jobs. It’s an assault on the entire mechanism of what makes a society productive and wealthy.
A government looking to grow the economy would do the opposite. But a government looking to manage decline, and make the population more dependent on it, would do exactly this.
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Britain isn’t unique.
It’s just further along the path most indebted Western states are walking. High debt, an ageing population, and a pointy shoe class that refuses to cut spending leave only two exits: tax the productive harder, or debase the currency. Usually both.
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