Moving Money Abroad

Vernon Coleman

Left wingers are complaining that Britons are moving money abroad in case Corbyn forms a `government’ (If you can call something which has Diane Abbott as Home Secretary and Lady Nugee as Foreign Secretary a `government’.)

But every Briton with a business which does business abroad, or who has a holiday home abroad, has little choice but to move money out of the country since it is quite likely that Corbyn will introduce exchange control legislation which will prevent British subjects moving money or assets abroad.

And without being able to move money abroad home owners won’t be able to pay their essential bills and business owners won’t be able to arrange imports.

The future seems bleaker by the day.

We must all make appropriate preparations now…

Copyright Vernon Coleman May 2019