FT photoshops Corbyn in latest scare campaign
An FT montage by Charlie Bibby decorates an article titled ‘Ultra-rich shift assets as fear of Labour government mounts’. The above slogan and background are covered with pictures of £50 notes (see next post).
Subtitled ‘Prospect of Jeremy Corbyn in No 10 is seen as a bigger threat than Brexit’ the article alleges concerns among the wealthy that Jeremy Corbyn could become prime minister, intensified as government plans for an orderly Brexit appear shakier. They fear that a general election could take place in which Labour triumphs.
It is said that London’s ultra-wealthy are moving assets out of the UK and some are preparing to leave for Switzerland, Monaco, Portugal and the US, as concerns over a leftwing Labour government led by Jeremy Corbyn intensify among the super-rich.
Multimillionaires are said to be setting up offshore investment accounts or shifting the location of UK-registered trusts holding their wealth to outside the country, in anticipation of higher tax rates and potential capital controls should Labour be elected (‘seize power’). The FT journalists quote:
- Michael Maslinski of the wealth management consultancy Maslinski & Co, also a partner at Stonehage Fleming,
- Iain Tait, a director at London & Capital, the wealth management firm,
- Grant Thornton, the accounting firm and
- Saunderson House, the wealth manager survey.
Gloria De Piero, the Labour MP, responds to the scaremongerers: “What’s wrong with you? You have all the money in the world but you don’t want to pay your fair share to help fellow citizens who work hard — probably harder than you — have a decent standard of living?”