Reddit/BBC reacts by complaining about jobs and taxpayers leaving
Wise redditor notes that net zero is not to blame for high energy costs destroying industry it's actually privatization
Net zero is not really to blame for that, although it is a convenient scapegoat.
The issue is that the electricity and broader energy industry has spent the last 35 years living off the inheritance of the nationalised energy industries.
Now that inheritence is finally wearing out and the pseudo market in electricity is collapsing under the weight of its own contradictions.
https://old.reddit.com/r/ukpolitics/comments/1jlq1xa/steel_tycoon_lakshmi_mittal_plans_to_leave_uk/
Bongland has second highest amount of millionaires fleeing
Definitely between a rock & a hard place on this one.
On one hand if you're resident here you should be paying your fair share of taxes.
On the other hand, the UK has the 3rd largest outflow of USD millionaires in the world, behind China & India (in total, not per capita, where we're 1st by some margin). Even with their tax breaks most of these people contributed significantly more to the UK coffers than the average tax payer.
Edit: I lied, we're 2nd as of 2024. https://www.visualcapitalist.com/mapped-millionaire-migration-in-2024/
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