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The fuss being made about 0.3 per cent of millionaires leaving the country if a wealth tax was introduced, while we’re facing the reality of 30 per cent of doctors considering leaving in the next year, makes no sense to millionaire Stephen Kinsella. And there are hundreds of earners like him who are proud to pay and here to stay…
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o one can deny the pressure Rachel Reeves is under. In the past few days, the government has committed to a major boost in defence funding, pledged to reinstate the winter fuel allowance to millions of pensioners this winter and is being asked to abolish the two-child benefit cap. Then there is social housing to fund, education to support and money needed for the NHS and the UK’s growing need for social care too.
But how will this all be funded if, as Reeves has indicated, there are no plans to raise taxes to fund Labour’s spending plans?
