Originally Posted by Damien

Yup. It was politically boneheaded, it was entirely self-inflicted.

Their reasoning didn't make much sense either. How many people are really going to move to the U.K, or not move out, because of the 5%? People live here because it's their home, it's a good country to live in, and they want to live in a certain location for the amenities it proves. Anyone who locates because of tax rates are not going to move to a country where it's still relatively high. They'll go to a tax haven. Not to mention that anyone with so much wealth they can pick and choose a country on a whim are likely not getting their wealth via PAYE.