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Enda Brady: UK correspondent on billionaires fleeing the UK amid rising tax pressures · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks. It'd be
• 0:12
  Speaker 1: follow this and a wide range of podcasts now on iHeartRadio.
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  Speaker 2: Bryan Bridge in the Brady is a UK correspondent in
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  Speaker 2: the Welcome to the program.
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  Speaker 3: Hey Ryan, good to speak to you again. Good to
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  Speaker 3: talk to you too.
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  Speaker 2: How many billionaires have quit the UK in the last
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  Speaker 2: two years? This has been a big issue for you guys.
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  Speaker 3: Yeah, a lot of wealth draining out of the UK.
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  Speaker 3: And the answer is eighteen dollars billionaires have left Britain
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  Speaker 3: inside the past two years.
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  Speaker 1: Now.
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  Speaker 3: The previous Conservative government decided to take a look at
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  Speaker 3: taxation for extremely wealthy foreigners and they had this non
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  Speaker 3: domicile rule, they call it the non dom rule. Previously,
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  Speaker 3: you were able to live here, pay UK tax on
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  Speaker 3: your UK earnings, but they would ignore your global earnings.
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  Speaker 3: And then the Conservatives decided that actually, these very wealthy
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  Speaker 3: people earning money from all over the world, they should
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  Speaker 3: be taxed on or other earnings as well in the UK.
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  Speaker 3: So by bringing that rule in, you know, these are
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  Speaker 3: very financially fluid people. They can move very quickly, and
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  Speaker 3: they've decided eighteen of them, these billionaires, they've had enough
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  Speaker 3: so they've moved to places like Switzerland, Italy, Monaco and Dubai,
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  Speaker 3: far more favorable tax regimes where they're not that interested
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  Speaker 3: in your global earnings. But it's a big problem for Starmer.
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  Speaker 3: Now that is eighteen dollar billionaires gone in two years.
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  Speaker 2: Wow. Now speaking of wealthy Jimmy Choo shoe boss. And
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  Speaker 2: she earns what five hundred k a year And she's
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  Speaker 2: been caught driving without insurance in London.
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  Speaker 3: Yes, and she had been driving around London in her
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  Speaker 3: one hundred and forty thousand dollars Audi for four months
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  Speaker 3: without insurance, the court was told yesterday. Hannah Coleman is
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  Speaker 3: her name. She has been in charge of Jimmy Chew
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  Speaker 3: for five years. If you're not familiar with the brand,
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  Speaker 3: they are a very expensive pair of ladies shoes. Five years.
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  Speaker 3: She's been running the company. She's been there from almost
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  Speaker 3: the start of her career, worked her way up. And
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  Speaker 3: she told the court that she paid the insurance but
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  Speaker 3: it bounced back and she didn't realize that the payment
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  Speaker 3: had failed. And then there was a follow up email
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  Speaker 3: which the court accepts did not accept that she hadn't read.
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  Speaker 3: So obviously the onus is on the driver to have
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  Speaker 3: a car insured. The end result is a lot of
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  Speaker 3: embarrassing publicity for her. She had a child, her daughter
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  Speaker 3: in the car with her as well when she was
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  Speaker 3: stopped in Chelsea in West London. She's probably going to
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  Speaker 3: lose her license for six months over this. She's on
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  Speaker 3: half a million dollars a year and she had no
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  Speaker 3: insurance on that.
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  Speaker 2: OUDI goodness may now Greg Wallace, we've spoken about him
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  Speaker 2: in the past. This is the Master Chief host. The
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  Speaker 2: scandal we had to report app this week, but now
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  Speaker 2: there's a new allegation against one of the other presinctors.
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  Speaker 3: Yes, so his co host is John Turoud, who was
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  Speaker 3: a very famous Australian chef who's made it big in
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  Speaker 3: the UK and Wallace and John Turoud were together for
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  Speaker 3: best part of two decades presenting Master Chef. So Greg
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  Speaker 3: Wallace he won't be appearing anywhere ever. Again, I don't
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  Speaker 3: think forty five allegations against him upheld and for the
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  Speaker 3: sake of transparency, now John Turoud has come out on
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  Speaker 3: social media and said that there was an allegation upheld
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  Speaker 3: against another individual and he said that individual is me.
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  Speaker 3: Now it relates to a social occasion. He believes in
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  Speaker 3: twenty eighteen or twenty nineteen. He says he has no
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  Speaker 3: recollection of this and he does not accept that it happened,
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  Speaker 3: but he's telling the story anyway. And he said that
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  Speaker 3: there was an allegation he used a racially offensive word
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  Speaker 3: at a socially gathering to someone, for which he immediately apologized. Now,
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  Speaker 3: John Turoud says racially inappropriate language is completely wrong in
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  Speaker 3: any environment. He says he does not remember the incident
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  Speaker 3: and he doesn't accept that it happened. So there you go.
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  Speaker 3: The problem the BBC bosses now have is they've got
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  Speaker 3: an entire series of Master Chef filmed ready to go,
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  Speaker 3: starring Greg Wallace and John Tyrold. What do you do
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  Speaker 3: for the nightmare?
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  Speaker 2: I don't even be that position in to thank you
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  Speaker 2: in the Brady a UK correspondent.
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