UK wealth managers say American clients are moving money to Britain

8 comments

1. Because of so many loopholes ensuring they don’t pay the same tax as they would if it were earned income.

2. Bascially since we have a stable fiscally responsible government, people are much more likely to invest in the UK since they are less likely to lose their money due to a crazy action by the government

3. I assume Reddit won’t want this money to end up in the UK because it’s dirty, same as Russian Oligarch money no?

4. Make up your minds. I’m told by reform/tories that all the millionaires would be leaving

5. Yep, Americans with their lax income and wealth taxes are bringing their money to high tax and business resistant UK? Yep, I believe that headline. Totally realistic…

6. It won’t mean shit to your living standards. It won’t raise wages, or bring money to the public services.

   It’ll raise asset prices here though. Brilliant.

7. We don’t want wealth asset owning millionaires into the UK. This just raises house prices.

8. they doing same thing people in uk are doing by moving to dubai and other countries

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