The inflationary problem is a result of 12yrs of Q.E and low rates.
When a country lives beyond it's means and create's £ it doesn't have, that country will witness high inflation.
In order to combat that inflation central banks must raise rates.
This is schoolboy economics
Around 1.7% of all UK taxpayers are estimated to pay 36% of all income tax in 2022/23.
(£89.2bn out of £251 bn)
If these 550k ppl decided to leave Britain, UK tax losses would exceed £950bn over the next 10 years (AFI).
Ppl won’t like to hear this, but Britain needs rich ppl.
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