We had a 50% tax rate in the last year and fewer people emigrated

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The latest ONS data on pop[ulation growth revealed the extraordinary fact that now we have a 50% tax rate in the UK fewer people emigrated.

Why is that?

Certainly it doesn't suggest the rich are leaving in greater numbers.

Maybe it does suggest people like a more equal society.

And people came here in record numbers.

The myth that tax drives people away is, well, just a myth.

So' like the rumour of fairies at the bottom of the garden shall we treat it as a load of old baloney - because that is what it is?