Article  Magnates leaving UK after rule change + Burnham scraps digital ID (Labour style)

#1
C C Offline
Ping Baskell: "Using weasel language 'modern state' for Digital ID is akin to show biz using weasel language 'modern audience' when rejecting production of a TV program or film because it's too tradtional. Making covert motives of gradually expanding societal control and manipulation sound like liberating agenda."
- - - - - - - - - - - - - -

Burnham will scrap digital ID in bid to tackle cost of living crisis
https://inews.co.uk/news/burnham-will-sc...ng-4655256

EXCERPTS: Andy Burnham will scrap Sir Keir Starmer’s digital ID scheme when becomes prime minister on Monday. Burnham’s team said cash put aside for the scheme will now be spent on tackling the cost of living crisis – and described the move as a “reset of priorities”.

Money will be redirected to more “tangible” improvements to people’s lives, they added. A spokesperson for Burnham said his Government would “put its focus where people need it right now”. They added: “That means all the time and resource that was going to be spent on a national ID scheme will go instead to where it’s most needed, such as helping with the cost of living.”

[...] Starmer announced plans to introduce digital ID ahead of last year’s Labour conference, saying it would be mandatory for right-to-work checks as part of a crackdown on illegal immigration. Ministers expected the programme to go further, becoming the “bedrock of the modern state” in a system of “government by app”.

The scheme first announced in September last proved to be deeply unpopular with voters after following a major public backlash it abandoned plans to make digital IDs compulsory for workers... (MORE - missing details)


Iceland's 'first billionaire' leaves Britain for Italy and warns of 'exodus' of millionaires
https://www.dailymail.com/news/article-1...Italy.html

EXCERPTS: An Icelandic billionaire has left Britain for Italy - as he warned of an 'exodus' of the super rich after Labour came to power. Thor Björgólfsson, known as the Nordic country's first billionaire, changed his tax residency over the last year - and has also moved his investment firm Novator from London to Zurich.

His relocation comes amid fears that Labour's decision to scrap non-dom status, which allowed some high-net-worth individuals to avoid paying full UK tax on their overseas earnings, is pushing them out of the country.

Mr Björgólfsson said in an interview with Bloomberg that the number of rich businessmen leaving Britain 'is an exodus, it's not been hype'. He said: 'It's amazing how fast it has happened. The collateral damage is exploding elsewhere.'

In April last year, Chancellor Rachel Reeves controversially replaced non-dom rules with the Foreign Income and Gains Regime - after announcing the move in her October Budget. Under the new system, wealthy arrivals are exempt from paying tax on their foreign earnings for four years, provided they were not a resident of the UK in the preceding decade.

Mr Björgólfsson's move to Italy places him on a growing list of individuals who have quit Britain since Labour came to power two years ago. Those who are known to have left include Nassef Sawiris, the Egyptian co-owner of Aston Villa FC, who has also shifted his tax residency to Italy. Meanwhile, brothers Ian and Richard Livingstone, who oversee a £9billion property empire in the UK and abroad, have quit Britain for Monaco.

[...] Several billionaires have been open about their reasons for leaving ... Britain's ninth richest billionaire, John Fredriksen, declared last year that Britain had 'gone to hell' as he explained his reasons for moving his shipping firm from London to the United Arab Emirates.

[...] Non-domiciled means UK residents whose permanent home, or their 'domicile' for tax purposes, is outside the UK. The regime meant that so-called non-doms paid tax in the UK only on income generated in the UK - meaning any income earned overseas was exempt from British taxation.

However, the Labour Government abolished the non-dom tax status in April following backlash that wealthy residents could enjoy the benefits of living in the UK without paying as much tax...
Reply
#2
stryder Offline
Britain's economy has been tanked by money leeches operating companies within the UK and syphoning it abroad for decades. The country needs to start shutting down some of the "foreign investment" which really is just bleeding the state dry. the UK needs more homegrown businesses and better support for the domestic audience, not pampering the rich elite of other countries that undermine the very nature of democracy.
Reply


Possibly Related Threads…
Thread Author Replies Views Last Post
  Article Labour to create England's first 'anti-Muslim hostility tsar' (ministry fashions) C C 1 305 Mar 10, 2026 02:05 AM
Last Post: Syne
  Article UK population jump attributed to immigration (Labour & Reform UK "express woe" style) C C 0 517 Jul 30, 2025 11:49 PM
Last Post: C C
  Article 20,000 migrants have crossed English Channel this year, a record high (Labour style) C C 3 932 Jul 6, 2025 12:59 AM
Last Post: Syne
  Article Starmer's silence after Supreme Court gender ruling on what a woman is (UK style) C C 1 606 Apr 21, 2025 05:00 AM
Last Post: Yazata
  Article 10 Brits accused of war crimes in Gaza + Labour MP mood hardens on Israel (UK style) C C 0 580 Apr 7, 2025 07:24 PM
Last Post: C C
  Article Scrapping NHS England is a necessary step -- over 9,000 will lose jobs (Labour style) C C 0 491 Mar 14, 2025 01:01 AM
Last Post: C C
  Article EU makes big defense pledges ― but risks leaving Ukraine disappointed (EU style) C C 0 549 Mar 7, 2025 01:18 AM
Last Post: C C
  Article What's next for Ukraine, after clash & London meet with Starmer? (crystal ball style) C C 8 2,253 Mar 4, 2025 01:36 AM
Last Post: Syne
  Research Political commitment is discouraged by digital violence (German social fashions) C C 0 515 Jan 15, 2025 11:25 PM
Last Post: C C
  Article Trump kicks Labour Party: 'blatant foreign interference' in US election? (UK style) C C 17 3,100 Oct 29, 2024 06:01 AM
Last Post: C C



Users browsing this thread: 1 Guest(s)