economy
Wealth migration from UK could accelerate with Andy Burnham’s policies: Consultant
deVere’s Nigel Green explains how newly appointed U.K. PM Andy Burnham’s proposed fiscal policy which intends to spur growth may have reverse effects where increased wealth migration may lead to a net reduction in tax revenue.
TL;DR
- UK Prime Minister Andy Burnham has proposed a new fiscal policy intended to spur economic growth.
- Nigel Green from deVere believes these policies may have reverse effects.
- Increased wealth migration could be a consequence of the new policies.
- This wealth migration may lead to a net reduction in tax revenue for the UK.