Wednesday 18 September 2024

Things, not money

One of my correspondents is experimenting with turning his assets into items which will grow in value rather than stocks and bonds and cash, which will earn taxable interest.
    And he will store the things abroad so that if he ever decides to go elsewhere and sell some or all of the things, a Labour government here won’t be able to tax away part of his loot.
    Sounds very sensible! Certainly to likes of the founder of Pimlico Plumbers, Charlie Mullins, who’s not staying here to be robbed any more. And the around 9,600 millionaires who are also off elsewhere this year.

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