Charlie Mullins says he will return to UK on ONE condition after Rachel Reeves’s taxes drove him away
Business mogul Charlie Mullins has told Jacob Rees-Mogg what must happen in order for him to make a return to Britain.
The Pimlico Plumbers founder is now living in Spain after leaving Britain straight after Labour came into power.
Mullins revealed in January he was selling his assets in the UK including a stunning riverside property in Westminster.
Fearing a raft of Labour taxes, Mullins headed to sunny Spain and has now told GB News when he might head back to Britain.
“When Reform get in and Nigel Farage becomes Prime Minister, that’s when I will be back”, he said.
“Business will start booming. He understands that we have got to get the economy moving.
“The way to do that is to encourage people to come back to the UK.”
It comes after Goldman Sachs boss David Solomon warned Rachel Reeves more wealth could make its way out of the UK.
He said the UK’s leading status in the global financial system is “fragile” and more rich people could leave the country.
Solomon told Sky News the “financial industry is still driven by talent and capital formation. Those things are much more mobile than they were 25 years ago.
“London continues to be an important financial centre. But because of Brexit, because of the way the world’s evolving, the talent that was more centred here is more mobile.
“We as a firm have many more people on the continent. Policy matters, incentives matter.
“I’m encouraged by some of what the current government is talking about in terms of supporting business and trying to support a more growth oriented agenda.
“But if you don’t set a policy that keeps talent here, that encourages capital formation here, I think over time you risk that.”
Mullins told GB News he fears Britain “going down the pecking order” with people who pay more tax leaving the country.
“It’s like a brain drain”, he said.
“I think Goldman Sachs have said that they’ve no got 400 people woking in Italy. You can imagine the amount of clients they’re dealing with.
“You understand banking and finances but it’s a no brainer. They’re forcing people out.
“It’s not a case of people avoiding tax, they’ve already paid their tax, but they don’t want to be taxed on their assets or their wealth that they’re getting in other countries.”
Rachel Reeves has stressed the importance of filling a “black hole” left by the previous Conservative Government and has refused to rule out wealth taxes at the next budget.
Solomon admitted he has “sympathy” for the Chancellor as he referenced the turbulent political landscape.