Labour’s election strategy has been to go on the attack against Britain’s billionaires. Today one of them responded. Phones4U founder John Caudwell quizzed shadow chancellor John McDonnell on Labour’s economic policy today and it’s safe to say he wasn’t impressed.
Caudwell warned McDonnell that his party’s plans could lead to an exodus of wealthy taxpayers from Britain. Here’s what he told McDonnell:
Caudwell: ‘…Some of the Labour rhetoric I accept. But the central ethos, when I hear phrases like nobody deserves to be a billionaire, it frightens the living daylights out of me. You know John, the thing is, if the Labour rhetoric was ‘We admire billionaires and we’d like them to pay a bit more tax, be more charitable and admire their success’, I would absolutely support that philosophy.
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