Labour Is Fucking Up The Economy

Labour’s ceaseless Britain-bashing and their relentless “doom and gloom” script have pushed the panic button on the economy. Talk of a “painful” budget has businesses running for cover. A staggering 71% surge in mergers and acquisitions—business owners are frantically selling up ahead of Labour’s capital gains tax raid. Start-ups are being strangled by Labour’s crackdown on innovation tax credits. And now 9,500 millionaires set to flee the UK in 2024…

The drip-feed of pessimism from Labour’s economic doomsayers is doing its damage. Investors are voting with their feet, with £666 million drained from UK-focused funds in September alone. Equity income funds shed £416 million. Edward Glyn, head of global markets at Calastone, said:

“The new government’s rather pessimistic commentary about the UK economy appears to have put a stop to the nascent revival in interest in domestic equities that we first detected in trading data in July. UK-focused funds seem to be off the menu for investors for the time being.”

The figure of £666M is truly biblical!

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