Take it from a tax adviser for the ultra wealthy, this Budget did damage

Burnham s thinly spread Budget was not harmless for Britain s wealth creators, writes Jamie Morrison Much has been made of the uneventful, quiet nature of this Budget. Some have described it as thinly spread , making marginal tweaks at the edges (or as the BBC s Chris Mason put it: a flotilla of small measures ), but there is one area where the government has had a big impact: driving wealth creators out of the UK and into the arms of others. It is certainly true that some of the most damaging measures – mansion taxes, inheritance tax hikes or major tweaks to capital gains taxes – were left to one side. It could have been a lot worse, and many will be breathing a sigh of relief. Penalties for the wealthy But while the Chancellor may not have inflicted further cuts to the ties still keeping wealth creators in this country, that doesn t mean the outlook has improved. Healey still chose to double down on taxing wealth – he just did it in a more muted way by opting for a