The Starmer Years - Can The New Broom Sweep Clean?

[Farmer Saint]

 

[whelk]

43 minutes ago, Farmer Saint said:

 

Cheers - well explained although a little depressing 

[Farmer Saint]

1 minute ago, whelk said:

Cheers - well explained although a little depressing 

Yeah, better him than me TBH! 

[Sir Ralph]

4 hours ago, Farmer Saint said:

You are again misunderstanding, I've picked up your actual comments that you seem to have deleted from the Weston reply.

Asset rich, no wage millionaires are actually fairly immobile due to the fact that they get taxed on their assets if they sell them. So business owners, share owners, big stake millionaires have to suck up huge tax bills to move abroad.

Some high wage earners leave the UK and will always leave to places like Dubai, because they don't want to pay any tax. That's fine, but that has nothing to do with UK tax changes by the Labour party - income tax hasn't changed apart from the freezing of thresholds since 2012. That makes very little tax difference to high wage earners. Selfish people will always, and have always moved to low tax economies.

What's your friend going to do in the US by the way, for work? When did he sell his company? What did his company do? What age bracket are they in? Let's see if you answer the question this time...

https://taxjustice.net/press/millionaire-exodus-did-not-occur-study-reveals/

I deleted what I previously wrote because I thought it was sarcastic. The table I provided shows millionaires leaving the UK with liquid investable wealth of £1 million or more.

Whilst income tax may not have gone up under the current government the general business climate has become one of discouraging business an investment for example increasing capital gains tax. If people have existing assets in this country they may not sell them but they may well take some of the existing funds that they have and take them abroad to invest in countries who are more pro business. Alternatively, depending on their business cycle, due to the anti business environment, they may now sell their asset and take the tax hit and decide to reinvest the money in a more pro business environment.

Businesses people see their future outside of the uk for this reason. In the context of the huge number of millionaires leaving now have liquid assets of over £1million why then is it that so many more wealthy people are leaving the uk compared to any other country?

My friend is in the process of selling his software company and will be investing the proceeds in different ventures. His words “this country is done, the US is much more attractive”. I’ve heard this so many times and I’m really really surprised you aren’t aware of this sentiment. PS they aren’t selfish.

Edited yesterday at 11:25 by Sir Ralph

[Farmer Saint]

1 hour ago, Sir Ralph said:

I deleted what I previously wrote because I thought it was sarcastic. The table I provided shows millionaires leaving the UK with liquid investable wealth of £1 million or more.

Whilst income tax may not have gone up under the current government the general business climate has become one of discouraging business an investment for example increasing capital gains tax. If people have existing assets in this country they may not sell them but they may well take some of the existing funds that they have and take them abroad to invest in countries who are more pro business. Alternatively, depending on their business cycle, due to the anti business environment, they may now sell their asset and take the tax hit and decide to reinvest the money in a more pro business environment.

Businesses people see their future outside of the uk for this reason. In the context of the huge number of millionaires leaving now have liquid assets of over £1million why then is it that so many more wealthy people are leaving the uk compared to any other country?

My friend is in the process of selling his software company and will be investing the proceeds in different ventures. His words “this country is done, the US is much more attractive”. I’ve heard this so many times and I’m really really surprised you aren’t aware of this sentiment.

That's been a sentiment since Brexit TBF, there is nothing new there.

For me, and I said this previously, you need to tell me the profile of these people. Software business owner - what does this mean, what approx EBITDA they working at etc? What's his age? What's his family situation? 

Most wealthy people are not looking over the next 3 years, they're looking over the next 10 to 20. To lose huge amounts in tax on your company sale (which is the biggest thing he'll ever sell, so his biggest tax burden) on a 3 year bet that Labour will get in again is a very, very risky thing to do. Unless we're saying that the UK is permanently broken, irrelevant of who is in power, which I don't disagree with. It's why I purchased a farm, I bet on the price of food commodities going up 5 years ago.

Edited yesterday at 12:08 by Farmer Saint

[Lord Duckhunter]

Dear god, look at this fucking helmet. The party of fucking middle class twats…

 

 

[Sir Ralph]

27 minutes ago, Farmer Saint said:

That's been a sentiment since Brexit TBF, there is nothing new there.

For me, and I said this previously, you need to tell me the profile of these people. Software business owner - what does this mean, what approx EBITDA they working at etc? What's his age? What's his family situation? 

Most wealthy people are not looking over the next 3 years, they're looking over the next 10 to 20. To lose huge amounts in tax on your company sale (which is the biggest thing he'll ever sell, so his biggest tax burden) on a 3 year bet that Labour will get in again is a very, very risky thing to do. Unless we're saying that the UK is permanently broken, irrelevant of who is in power, which I don't disagree with. It's why I purchased a farm, I bet on the price of food commodities going up 5 years ago.

We can all go into the details of various circumstances. I’m not making up what I’m saying but let’s pretend that I am. Can you please answer my question as this is based an a much wider factual sample anyway “In the context of the huge number of millionaires leaving now have liquid assets of over £1million why then is it that so many more wealthy people are leaving the uk compared to any other country (last year)?”

Edited yesterday at 12:35 by Sir Ralph

[trousers]

Politician seeking attention in receiving attention shocker...

[Farmer Saint]

20 minutes ago, Sir Ralph said:

We can all go into the details of various circumstances. I’m not making up what I’m saying but let’s pretend that I am. Can you please answer my question as this is based an a much wider factual sample anyway “In the context of the huge number of millionaires leaving now have liquid assets of over £1million why then is it that so many more wealthy people are leaving the uk compared to any other country (last year)?”

Can you send me the link to that article please? 

I await your answers to my questions.

Edited yesterday at 12:43 by Farmer Saint

[JohnnyShearer2.0]

7 hours ago, Farmer Saint said:

Can you send me the link to that article please? 

I await your answers to my questions.

He ain't gonna answer. Never answered one of my questions too.

However if the article, used the Henley & Partners survey then the exodus is no more than usual?

 

https://taxjustice.net/press/millionaire-exodus-claim-backtracked-but-media-re-run-story-anyway/

Edited 16 hours ago by JohnnyShearer2.0

[Gloucester Saint]

5 hours ago, trousers said:

Politician seeking attention in receiving attention shocker...

A more considered article here, one of her better ones https://www.bbc.co.uk/news/articles/c3e7ny8n44jo

As a Lib Dem voter, I agreed with quite a bit of it.

@Lord Duckhunter - at least I didn’t vote to wipe off 6% off of our economy in 2016, and support alt right acne-stricken teenagers who can’t run a bath let alone a local authority. https://www.itv.com/news/2025-09-01/reform-uk-in-power-how-have-their-councils-performed

Funny how it’s a bit harder governing in practice than cutting non-existent EDI Officer posts, defacing roundabouts and putting St George flags up everywhere. 

 

Edited 19 hours ago by Gloucester Saint

[badgerx16]

57 minutes ago, Gloucester Saint said:

@Lord Duckhunter - at least I didn’t vote to wipe off 6% off of our economy in 2016, and support alt right acne-stricken teenagers who can’t run a bath let alone a local authority. https://www.itv.com/news/2025-09-01/reform-uk-in-power-how-have-their-councils-performed

Once you take away the statutory functions they have to deliver, there is little that councillors can actually influence.

[Gloucester Saint]

Just now, badgerx16 said:

Once you take away the statutory functions they have to deliver, there is little that councillors can actually influence.

Correct. Pity the ‘working class’ people who voted Reform (irony as many aren’t) didn’t understand that, just like they didn’t understand the Referendum.

[Lord Duckhunter]

Full of old stale, posh middle class white twats. Typified by that pillock Davey….

[Gloucester Saint]

You’d never find late middle aged white graduates of Dulwich College in Reform. Nor Eton or Radley Colleges. Or from Uppingham Public School in Surrey. Oh no. Nor studying at Oxbridge.

Reform are being tagged the Black Panthers in the press due to their sheer spectrum of ethnic diversity and staggering rise from comprehensive education backgrounds. 

 

Edited 16 hours ago by Gloucester Saint

[Sergei Gotsmanov]

9 hours ago, Farmer Saint said:

That's been a sentiment since Brexit TBF, there is nothing new there.

For me, and I said this previously, you need to tell me the profile of these people. Software business owner - what does this mean, what approx EBITDA they working at etc? What's his age? What's his family situation? 

Most wealthy people are not looking over the next 3 years, they're looking over the next 10 to 20. To lose huge amounts in tax on your company sale (which is the biggest thing he'll ever sell, so his biggest tax burden) on a 3 year bet that Labour will get in again is a very, very risky thing to do. Unless we're saying that the UK is permanently broken, irrelevant of who is in power, which I don't disagree with. It's why I purchased a farm, I bet on the price of food commodities going up 5 years ago.

My god, you genuinely purchased a farm as an investment! What sort of return on your money are you hoping for!

Edited 14 hours ago by Sergei Gotsmanov

[Lord Duckhunter]

11 hours ago, Gloucester Saint said:

You’d never find late middle aged white graduates of Dulwich College in Reform. Nor Eton or Radley Colleges. Or from Uppingham Public School in Surrey. Oh no. Nor studying at Oxbridge.

Reform are being tagged the Black Panthers in the press due to their sheer spectrum of ethnic diversity and staggering rise from comprehensive education backgrounds. 

 

The working man, will be voting Reform. You know, the people Davey & Starmer bang on about all the time. In the main Lib Dem voters are posh, white, middle class, women’s institute type, their conference is like an episode of midsummer murders, without the killing. That’s why they’ve got a handful of seats north of Midlands. The Greens are the radical alternative on the left, the Lib Dem’s are becoming wet Tories, led by a pillock. 

Edited 6 hours ago by Lord Duckhunter

[Gloucester Saint]

59 minutes ago, Lord Duckhunter said:

The working man, will be voting Reform. You know, the people Davey & Starmer bang on about all the time. In the main Lib Dem voters are posh, white, middle class, women’s institute type, their conference is like an episode of midsummer murders, without the killing. That’s why they’ve got a handful of seats north of Midlands. The Greens are the radical alternative on the left, the Lib Dem’s are becoming wet Tories, led by a pillock. 

Ah so, people in the north in the Red Wall and crap holes like Yarmouth and Boston, they’re workers but those who vote Lib Dem in the South West, SE and Midlands, they aren’t. I’ll tell my friends who are carpenters and run pubs in Devon and Somerset that the, that Reform said they aren’t working for a living.

Reality is that those towns you refer to, if you choke off the local ex-polytechnic’s access to overseas students, that will be the last major employer in them gone and drag the rest of the SMEs with all of the ‘workers’ relying on their contracts and business down the drain.

Hope they don’t need access to any key public services after Reform’s local authorities destroy them. Still, they’ve got St George painted roundabouts and Union Jacks strung up in retail parks by Reform and Patriotic Alternative (led by Nick Griffin’s deputy) to help them forget about the free at the point of entry healthcare Farage would cut.

Oh, and there’s a bit of a problem with what you describe. Firstly, those places are the amongst the most ethically diverse in the UK. Secondly, the Tories might replace Badenoch with a white face in the next couple of years, probably before then.  

 

[Farmer Saint]

10 hours ago, Sergei Gotsmanov said:

My god, you genuinely purchased a farm as an investment! What sort of return on your money are you hoping for!

It was invested in as a passive income - I'm 41 - and would give me some fun. There is also a lot of land on the edge of surrounding towns, and with the likelihood of relaxation of planning laws (as I saw it back then), it seemed like a decent investment. It's doing me well so far alongside a couple of Non-Exec roles.

I also have this as the view from my bedroom window...

 

Edited 4 hours ago by Farmer Saint

[Holmes_and_Watson]

1 hour ago, Gloucester Saint said:

Ah so, people in the north in the Red Wall and crap holes like Yarmouth and Boston, they’re workers but those who vote Lib Dem in the South West, SE and Midlands, they aren’t. I’ll tell my friends who are carpenters and run pubs in Devon and Somerset that the, that Reform said they aren’t working for a living.

 

Don't forget to tell them you're on your way. It gives them time to put down the beard oil and Guardians, and get ready to fake having actual businesses. 🙂

[rallyboy]

56 minutes ago, Farmer Saint said:

It was invested in as a passive income - I'm 41 - and would give me some fun. There is also a lot of land on the edge of surrounding towns, and with the likelihood of relaxation of planning laws (as I saw it back then), it seemed like a decent investment. It's doing me well so far alongside a couple of Non-Exec roles.

I also have this as the view from my bedroom window...

 

Is that a lawn or the Baseball Ground from 1972?

[egg]

1 hour ago, Farmer Saint said:

It was invested in as a passive income - I'm 41 - and would give me some fun. There is also a lot of land on the edge of surrounding towns, and with the likelihood of relaxation of planning laws (as I saw it back then), it seemed like a decent investment. It's doing me well so far alongside a couple of Non-Exec roles.

I also have this as the view from my bedroom window...

 

Biodiversity credits? 

[Farmer Saint]

1 hour ago, rallyboy said:

Is that a lawn or the Baseball Ground from 1972?

Moles that is - utterly destroyed it this year, and then the drought and a hosepipe ban. Horrendous.

[whelk]

3 hours ago, Farmer Saint said:

It was invested in as a passive income - I'm 41 - and would give me some fun. There is also a lot of land on the edge of surrounding towns, and with the likelihood of relaxation of planning laws (as I saw it back then), it seemed like a decent investment. It's doing me well so far alongside a couple of Non-Exec roles.

I also have this as the view from my bedroom window...

 

That animal to the right of the goal by the slide looks a fake. Are you sure it is a real farm?