Once upon a time, Britain was the beating heart of global entrepreneurship—a magnet for talent, investment, and industry.
CP
Today, thanks to Labour’s economic lunacy and ideological obsession with wealth redistribution, we are witnessing the greatest exodus of wealth creators since the post-war years.
A millionaire now leaves the UK every 45 minutes, as our top earners and entrepreneurs pack their bags for more hospitable lands. Dubai, Los Angeles, Sydney, and even Lisbon are replacing London as the playgrounds of Britain’s brightest minds.
And who can blame them? The Labour government has declared war on success. It has shackled businesses with red tape, throttled enterprise with punitive taxation, and made it abundantly clear that the only people they want thriving in this country are those who take from the system rather than contribute to it. This is not just economic vandalism; it is an act of self-sabotage on a national scale.
The Tax Timebomb Driving Wealth Out
Labour’s tax policies resemble something out of a 1970s socialist fever dream. Consider the following:
- Hiking National Insurance: Employers now face a crippling rise in National Insurance contributions to 15% on salaries above £5,000, strangling job creation and investment.
- Abolition of Non-Dom Tax Status: Labour’s scrapping of the non-domiciled tax regime has sent thousands of high-net-worth individuals fleeing to tax havens.
- Capital Gains Tax Squeeze: By slashing reliefs and hiking rates, Labour has made sure that selling a business in Britain is now a financial nightmare.
- Inheritance Tax Raid: Family businesses are now in the firing line, with punitive levies making it harder than ever for British entrepreneurship to be passed down through generations.
The result? The UK lost a net 10,800 millionaires in the last year alone. Annabel Denham in the Telegraph writes: “No wonder 400,000 workers are reportedly planning to move abroad in the next two years. It’s a miracle the figure isn’t higher.” This is economic suicide on a breathtaking scale.
Red Tape Overdrive: Killing Entrepreneurship
If taxes weren’t enough, Labour’s regulatory stranglehold is another nail in the coffin of British business. Bureaucracy is now the fastest-growing sector in the UK, while the engine of real economic growth—entrepreneurship—is in freefall.
- R&D Tax Credit Chaos: Once a lifeline for start-ups, this scheme has been bogged down in fraud scandals, delays, and an impenetrable labyrinth of rules.
- Business Costs Soaring: SMEs face relentless compliance costs, with industry groups warning that Labour’s “worker protection” laws will deter hiring and innovation.
- Public Sector Bloat: While the private sector is expected to pay the bill, public sector salaries and inefficiency continue to balloon out of control.
Britain is now a country where 28 million private sector workers must support 9 million economically inactive individuals, 6 million public sector workers, and 13 million pensioners. But instead of making it easier to create wealth, Labour has doubled down on its anti-business crusade.
A Government Obsessed with Importing Poverty
Labour’s economic idiocy and its ideological fixation with mass migration, prioritising illegal entrants over British citizens is to blame. Consider the facts:
- Record Net Migration: At least 1.2 million people entered Britain last year, an intake so vast that even 250,000 arrivals would now seem modest.
- Illegal Boat Crossings: Labour MPs voted over 130 times against stopping the small boats, effectively green-lighting the human trafficking crisis.
- Rwanda Plan Sabotage: Despite a clear mandate to deport illegal migrants, Labour has scuppered plans to send them to Rwanda, ensuring thousands more will land on our shores unchecked.
- Public Services Overwhelmed: Schools, the NHS, and housing are buckling under the strain, yet Labour’s priority remains accommodating illegal arrivals rather than protecting British taxpayers.
Even Prime Minister Keir Starmer, in one of his rare moments of candour, admitted he doesn’t believe in immigration caps. Plus he spent a lifetime in the legal arena fighting for many migrants to stay in the UK. The result? British workers are left competing for jobs, homes, and hospital beds with an ever-growing influx of economic migrants, many of whom contribute nothing in return.
The Great British Sell-Off
While our best and brightest are fleeing, our once-proud industries are being dismantled. From HS2’s humiliating collapse to the slow death of our financial sector under punitive regulation, Britain is becoming a nation of decline rather than dynamism.
Foreign investors—once queuing up to put their money into the UK—are now looking elsewhere. The City of London is losing its competitive edge to New York and Dubai. Our greatest businesses are being sold off to foreign conglomerates. And Labour’s answer? More taxes, more regulation, and more self-inflicted economic wounds.
Britain at a Crossroads: Fight or Flight?
The question facing wealth creators is no longer whether to leave, but when. And for the rest of us, the question is whether Britain will have the courage to fight for its future before it is too late.
For Britain to reclaim its status as a land of opportunity, we must:
- Slash taxes on businesses and entrepreneurs.
- Axe the red tape strangling British enterprise.
- Prioritise highly skilled legal migration and close our borders to illegal crossings.
- End the dependency culture Labour has fostered.
Otherwise, the only people left in Britain will be those who contribute nothing, while those who once made our country great will be sunning themselves in Dubai, sipping cocktails in Singapore, or innovating in Silicon Valley.
By John Bull
If Winston Churchill and Margaret Thatcher were to forge a pen-wielding crusader for the 21st century, the result would be none other than John Bull. The nation’s most patriotic voice, John Bull stands as a beacon of British grit and tenacity, blending Churchillian wit with the Iron Lady’s resolve. Armed with unyielding conviction and a sharp eye for the political landscape, he delivers the latest insights and observations from Westminster and beyond for the Conservative Post. Whether rallying against bureaucratic bungling or championing the timeless values of Britain’s great heritage, John Bull is the columnist who reminds us what it means to be unapologetically British.
This article (Britain’s Exodus: Labour’s War on Wealth and Enterprise is Pushing Our Best and Brightest Away) was created and published by Conservative Post and is republished here under “Fair Use” with attribution to the author John Bull
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