24th April 2009
Tax rise 'will scare off incompetent'
Is this our future? |
Britain's Wealth Management Association (BWMA) claims that those earning over £150,000, such as investment bankers, fund managers and finance directors, will have no choice but to leave the UK, taking their wealth generating incompetence with them.
"Gordon Brown's plan to tax the very people who have done so much for, and nowadays, against, Britain's economic growth smacks of nothing less than the kind of financial impotence we'd expect to find among our members," said Lousie Shaw, head of communications at the BWMA.
"I've already had five RBS directors, two Northern Rock executives, Woolworth's former head of strategy and a couple of ITV planners get in contact with me over ways to flee the country, taking their unique talent with them."
Unskilled people fleeing the country will join the ranks of middling F1 driver and Swiss émigré Lewis Hamilton, Asil Nadir of Polly Peck, and former PM turned Middle East strawman Tony Blair.
However, some have complained about the association between increased taxes, incompetence and fleeing the country.
Great Train Robber Ronnie Biggs said: "We emigrated for because of a job during one of the highest periods of taxation this country has ever seen, but our work was textbook, sheer textbook."
"Gordon Brown's plan to tax the very people who have done so much for, and nowadays, against, Britain's economic growth smacks of nothing less than the kind of financial impotence we'd expect to find among our members," said Lousie Shaw, head of communications at the BWMA.
"I've already had five RBS directors, two Northern Rock executives, Woolworth's former head of strategy and a couple of ITV planners get in contact with me over ways to flee the country, taking their unique talent with them."
Unskilled people fleeing the country will join the ranks of middling F1 driver and Swiss émigré Lewis Hamilton, Asil Nadir of Polly Peck, and former PM turned Middle East strawman Tony Blair.
However, some have complained about the association between increased taxes, incompetence and fleeing the country.
Great Train Robber Ronnie Biggs said: "We emigrated for because of a job during one of the highest periods of taxation this country has ever seen, but our work was textbook, sheer textbook."
