Dale Vince Critiques Wealthy Tax Refugees

Dale Vince, a prominent green energy tycoon and Labour donor, has strongly criticized wealthy individuals threatening to leave the UK in response to anticipated tax increases in Chancellor Rachel Reeves' upcoming Budget. Vince dismissed their concerns as 'profoundly stupid', asserting that those who only reside in the UK for low taxes are not contributing meaningfully to the country. He stated, 'If people only live here because they pay less tax, they should f— off,' emphasizing that the UK is a great nation that can thrive under a fair tax system. The Chancellor is reportedly considering a range of tax hikes, including increases to capital gains tax and reforms to inheritance tax, aimed at addressing a significant fiscal gap. As over 6,000 UK millionaires contemplate relocating to avoid these potential changes, Vince’s comments stand in stark contrast to their intentions. His stance also reflects a broader push against opposition to green infrastructure projects integral to Labour's decarbonization efforts.