Downing Street has responded to Charlie Mullins’ declaration that he plans to sell his £12 million London penthouse and leave the country to evade a potential Labor tax raid on his £145 million fortune. Mullins, known as “Britain’s richest plumber,” has voiced concerns about proposed tax increases under a Labor government and has stated his intention to relocate abroad to protect his wealth. In response, Downing Street has dismissed Mullins’ claims, emphasizing that the government remains committed to fair taxation policies and refuting any suggestion that such measures would drive individuals to flee the country.
Downing Street responded to Charlie Mullins’ announcement that he is selling his £12 million London penthouse and leaving the UK to avoid potential Labor tax increases. Mullins, 71, founder of Pimlico Plumbers and a prominent supporter of Nigel Farage and Reform UK, disclosed his plan over the weekend. The entrepreneur, who sold his company for £145 million in 2021, intends to invest in properties in Spain and Dubai. Downing Street dismissed Mullins’ move, reiterating the government’s commitment to fair taxation and maintaining that such decisions do not undermine the UK’s tax policies.
Charlie Mullins has expressed concerns that his family would face significant financial strain due to increased inheritance tax on his £12 million penthouse and other assets. The penthouse, located in the same block as Tom Jones’s residence, is part of his plan to relocate abroad.
When questioned about the patriotism of Mullins’ decision, a Downing Street spokeswoman responded that the Prime Minister views the UK as an excellent environment for business and investment. She emphasized that the government’s priority is to support businesses and ensure they have the stability and longevity needed to operate successfully in the UK.
The Downing Street spokeswoman elaborated that the Prime Minister views economic growth as the primary objective of the government, while also emphasizing the importance of addressing the foundational issues of the economy. This involves being transparent with the public and restoring public finances.
Charlie Mullins has stated his intention to have “no assets in the UK whatsoever” and plans to avoid paying UK taxes in the coming year by relocating abroad. He has criticized Labor’s proposed tax increases as a “typical socialist money-grab.”
Labor’s Shadow Chancellor, Rachel Reeves, has indicated that the upcoming Autumn budget will involve “difficult decisions,” while Sir Keir Starmer has warned that the wealthiest will bear the greatest burden. Experts have raised concerns that higher taxes could prompt an exodus of millionaires, with some already taking measures to protect their wealth.
