Tag Public Sector

Heading for Brexit?

Hold on, it may never happen

So on Thursday 23 June 2016 a majority of British voters chose the Brexit option. This unexpected result has caused major ripples across the globe.

The next step is for the UK prime minister to invoke Article 50, following which two years of negotiations take place and then Britain (or, more accurately, the United Kingdom – see the box below) leaves the EU unless there is unanimous agreement amongst the remaining states to extend exit negotiations.

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Emigration Tax

Is the Finance Ministry becoming Hotel California?

You can check out any time you want but you can never leave. So sang The Eagles in 1970. Here at Vox Sapiens we suspect that country residence could begin to resemble living at Hotel California. There may come a time when you will be unable to leave the country without paying your share of the public debt.

Let us explain a bit more about the state of public finances before returning to the pay-as-you-leave hypothesis …

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