I.e. keeping wealthy capitalists in this country (but for how long, we wonder, hmmmm, because there are not even cheap garrets going anymore): UK super-rich would be ‘bored to death’ in tax havens – survey: Interviews with top earners reveal many are too attached to UK’s cultural institutions:
“I wouldn’t go to a tax haven. Can you imagine anything worse than going to a tax haven?” one of the respondents, Leanne, who works in consulting, told the researchers. “Some tiny little place with just people with yachts and servants. So no, I wouldn’t leave for that kind of reason … I want to live in a vibrant economic climate where there’s room for innovation and, you know, people are inventing, and I think London is like that.”
Another respondent, Luke, who works in law, said: “I have a nice life here [in London]. My clients who moved to the Bahamas were bored to death. Sun, sea and sand. OK, it’s great for a couple of weeks to charge the batteries, but after a while you think, ‘Well, I’d quite like to go and watch an opera.’ Well, you can forget that – there’s not a theatre in the Bahamas.”
Bea and Peter, a couple who both work in finance, said that if they “move to the Middle East, [you] are in gated communities and stuff like that. I never found that attractive in any way.”
Marianne, who works in culture, said the suggestion that there would be a “big brain drain” if the government introduced higher taxes on the wealthy was “complete nonsense. And I will give you the answer why in two words, and that is National Gallery or National Theatre … that’s why people aren’t going to leave London.”
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And another totally unrelated London thing (and it's not actually physically in London anymore): Wooden sauna from 1948 London Olympics gets Grade II listing.