For a government in as deep kimchi financially as the current Labour government running the United Kingdom, you would think there would be significant thought given to collecting taxes as much as they do to handing out what they'd actually collected and what they've promised.
Granted, none of it balances on either side of the ledger as it should - the 'incoming' column is decidedly less than the 'what I told them I'd give them' side, but most governments run on a deficit. The key is to try to continually reduce them, or at least keep them at bay in some way, shape, or form.
Labour is having a difficult time of it, and their only solution has been to stick their dirty mitts deeper into everyone's pockets. Micro-managing those businesses and essential services that once made English life tolerable and the envy of many, while reducing the few benefits that actually did provide some relief from the results of Labour's insane policies. The winter fuel payment springs to mind immediately.
There was also a nasty, in-your-face war with 'publicans,' or the folks who own and run the once-ubiquitous British pubs, who were threatened with near extinction by Labor tax increases.
Pubs and restaurants across Britain are banning Labour MPs as a backlash against the Labour government’s punishment taxes on their businesses. Here’s the sign that they are using. You may want to use it yourself. pic.twitter.com/1UsUxISnfz
— James Melville 🚜 (@JamesMelville) December 12, 2025
Four hundred of them closed their doors to Labor members of Parliament (MPs) after getting body-slammed with tax bills in April.
The government tried to explain how their fixes were set up, but even on the official page, they admit many of them don't fix a thing for pub owners threatened with bankruptcy over the business taxes.
A chart of Labor's malaise since 2024 illustrates the ills the Isles face.
Why are jobs vanishing?
— James Price (@jamespriceglos) September 8, 2026
In a word: LABOUR.
In a few more:
• £25bn jobs tax: NICs to 15%
• Min wage up 6.7%, again in 2026
• Rates relief for shops & pubs cut
• Day-one rights on every hire
• A tax-raising Budget every autumn
Forget AI: Labour are the jobs destroyers. pic.twitter.com/3GDuyeVWCa
And the balaclavas seen recently at Dover and Portsmouth are, let's say, a temperature reading.
Most of the British people feel just like Michelle here. And unless Labour doesn’t stop the boats from coming, you really will have a civil war on your hands. And given what had just happened at Dover and Portsmouth, it may have already started. https://t.co/8PMlEUSZIZ
— John Bulkeley (@bulkeley_john) September 7, 2026
Those boats arriving and the cost borne by British taxpayers are a good portion of what is driving the tremendous increase in taxes on an already overburdened populace, and they are at the breaking point.
But the men who gather to stop the boats because the government can't (or won't) have little choice and fewer options.
They pay those onerous council taxes and fees on everything from TV to practically breathing, because they are virtually trapped.
But the big-dollar fellows, whom Labour (and, to be fair, other British governments as well) have viewed as their national piggy bank, are closing up shop.
This week, the third-largest taxpayer in the UK announced he was leaving for Greece and taking his £330 million ($445 million USD) tax payment with him.
Try replacing that by extorting pub owners.
Christopher Rokos, founder of investment firm Rokos Capital Management, is Britain’s third-biggest taxpayer, with his annual contribution to the UK economy equivalent to the 15,000 newly qualified social care workers.
The billionaire, whose estimated net worth is thought to be around £3 billion, has announced his move to Europe, with the tycoon moving his residency to Greece and opening an office in Athens.
Mr Rokos forms part of an exodus of wealthy entrepreneurs and investors under Labour, amid an ongoing fear of tax rises for the uber-wealthy.
The tycoon, who donated £190 million to Cambridge University earlier this year, reportedly cited reasons including non-domiciled resident payments, inheritance tax concerns and private school fees.
Greece is playing what the UK probably believes is dirty pool, but it's a win-win for them.
Who wouldn't look at the abuse the non-domiciled taxpayers take from a Labor government demonizing billionaires and handing over close to half a billion dollars yearly, with an expectation of more soon to be demanded? Then along come the Greeks with an offer too good to refuse.
A flat annual tax on all overseas income. €100,000 ($116,240) once a year. Period.
SEE YA!
...The Rokos Capital Management founder is switching his residency to Greece, people with knowledge of the arrangement said. Rokos will also open an office in Athens as part of the move, one of the people said, asking not to be identified because the details are private.
A representative for Rokos Capital, which manages about $22 billion, declined to comment.
While the move represents a significant win for Greece, which has introduced rules that allow some foreigners to pay a flat annual tax of €100,000 ($116,240) on all overseas income, it comes as a major blow for the UK.
Rokos is the latest in a string of high-profile financiers and business leaders that have opted to leave after the abolition of its long-standing non-dom regime and increased taxes on everything from private equity investments to inheritances and capital gains. The star trader ranked third in the Sunday Times’ latest annual list of top tax payers, with a bill of £330 million ($447 million).
Labor's been trying to play catch-up, but the Greeks (as well as the Italians) are playing hardball this time, and luring big money very effectively just when the UK can least afford to lose it. All in an effort to reestablish the Mediterranean as the hub for financial investment and hedge fund headquarters.
...The UK government describes its four-year replacement system as more competitive, but nearby nations such as Italy and Greece have brought in their own programs to help attract rich foreigners in the past decade that offer longer time frames similar to Britain’s previous non-dom regime.
Greece offers a 15-year high-net-worth investor regime. Italy operates a similar 15-year system, but after recent increases, it has set the flat tax at €300,000 on foreign-sourced income.
Greece has also sought to lure fund managers and private equity executives, adopting new tax rules this summer designed to prevent double taxation.
The new provisions stipulate that foreign investment funds will continue to be taxed where they are established, regardless of individual executives’ tax domicile or whether a firm opens offices in Greece. Fund managers transferring their tax residence to Greece will also pay a tax rate of 5% on their carried interest.
In fact, according to Bloomberg, Greece's economy is now growing faster than its European peers, thanks in large part to this aggressive turnaround.
BILLIONAIRES QUITTING BRITAIN
Hedge fund founder Chris Rokos is set to leave the UK, the latest high-profile exit by one of the country’s top taxpayers.
— Bloomberg TV (@BloombergTV) September 8, 2026
Liza Tetley explains why he's joining the ranks of billionaires quitting Britain https://t.co/0bMkgZWcQw pic.twitter.com/yykmU8FJPe
California Democrats might want to take notes.
Oh. I know.
DON'T TALK CRAZY TALK!
Right?
Right.
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