The U.K. closed a tax loophole for the global rich, now they're fleeing

Re:The U.K. closed a tax loophole for the global rich, now t... by silverquiet on Saturday July 19, 2025 @07:18PM (#44620386)

> The UK needs to radically reduce its social safety net and simultaneously cut taxes, at least for new companies and small businesses. The only way out is real, sustained, long term growth and innovation. Stealing ever more of a shrinking pie is already running out of steam.

I was under the impression they had done that already.

https://en.wikipedia.org/wiki/United_Kingdom_government_aust...

Though one can't help but think it wont be radical enough for conservatives until we simply dispose of those unable to work through some dystopic mechanism or other.

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Re:The U.K. closed a tax loophole for the global rich, now t... by adammarples on Sunday July 20, 2025 @05:53AM (#44623484)

This was a long time ago. Since then we've been running full speed in the opposite direction.

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Re:The U.K. closed a tax loophole for the global rich, now t... by ojno on Sunday July 20, 2025 @03:01PM (#44628242)

(from the linked Wikipedia article)

> Coalition and Conservative governments in office from 2010 to 2019 used the term, and it was applied again by many observers to describe Conservative Party policies from 2021 to 2024, during the cost of living crisis.

2024, last year, is "a long time ago"?

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Re:The U.K. closed a tax loophole for the global rich, now t... by adammarples on Sunday July 27, 2025 @07:48AM (#44700622)

People use terms, they're often wrong. The last few years since 2019 we've been breaking ever greater records on state spending and borrowing, this is not austerity.

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