Wealthy Plot Their Escape From Britain If Jeremy Corbyn Wins PowerPosted: September 5, 2019
No-deal Brexit? That’s no problem, at least for Britain’s wealthiest people. Their bigger fear is leftist firebrand Jeremy Corbyn.
For more than a year, some of the most affluent have prepared for a hard separation from the European Union, making clear they can take a chaotic Brexit in their stride. But the prospect of a Labour victory is turning out to be the more worrisome development.
“It’s clear there would be a major outflow of high net-worth individuals and families if a Corbyn government was to come to power,” said Chris Kalin, chairman of Zurich-based Henley & Partners Group, which helps the rich relocate to tax havens. “This is the big fear, not Brexit or even a no-deal Brexit. That… (read more)