Founder of Pimlico Plumbers Charlie Mullins has launched a scathing attack on Prime Minister Sir Keir Starmer, as the millionaire vowed to ditch the UK over Labour's tax plans.
Mullins sold his business in 2023 for £145million, and now plans to move his assets to Spain and Dubai to stop his money "going to the Treasury".
After paying over £120million in taxes over the years with his business, Mullins has now claimed that his "ambitions are better rewarded and appreciated" in other countries compared to Britain under a Labour Government.
Speaking on GB News, Mullins said he is moving abroad to "protect his assets for him and his family".
Charlie Mullins hit out at the Prime Minister for 'destroying Britain' with his plans for tax on businesses
PA / GB News
Mullins explained: "Labour are going to increase Inheritance Tax, capital gains, he's just destroying Britain. It's just not practical anymore to be here.
"I've paid over £120million into the system, and I'm afraid to say that Starmer is just driving away investors, entrepreneurs, even just normal people that are earning around £100,000 to £150,000, they also want to leave."
When grilled by host Tom Harwood on how his decision to take his business abroad appears "unpatriotic", Mullins argued that Labour and Starmer are "anti-business", and Britain may have been "better off with the Conservatives".
Mullins admitted: "I'm pretty sad to be leaving to be honest, it's quite a big decision, but I'm no longer prepared to keep putting into the system and letting them waste it."
Prime Minister Sir Keir Starmer is 'destroying Britain' with his plans for tax, Mullins claimed
Getty
When quizzed by host Emily Carver if he wanted to quit Britain before Labour came into power, Mullins revealed that it was only once Starmer got the keys to No10 that he realised that his Government is "going to make it worse" for Britons.
LATEST DEVELOPMENTS:
Mullins told GB News: "The Conservatives have done a lot of damage over the years, but I just feel that Labour are going to make it worse and just make it not practical to live here anymore.
"I've already invested in a new business, a family business similar to the one before, but I'm not going to be on the payroll. I'm not going to be involved, other than my expertise. I'm just not prepared to give the government any more of my money and be treated the way we're treated."
Highlighting the possible impact of capital gains tax rising from 20 per cent to 40 per cent ahead of Labour's budget in October, Tom warned that other business owners may "follow Mullins's lead" in taking their investment abroad.
Mullins agreed, responding: "You're totally right - what's quite annoying is the Labour Government are denying that people are leaving. They've been moving their money out for six months. They're leaving left, right and centre and it will continue to happen that way.
Charlie Mullins said Labour are 'anti-business' and that Britain may have been 'better off' under the Conservatives
GB News
"We're not in a good position as it is, but these will absolutely destroy the economy. The country will go bankrupt, and I think we'll be in recession very soon."
Emily agreed with Mullins, adding: "When Keir Starmer stood up and said things are going to get worse before they get better, I thought, there's going to be a lot of people with means who think, well, I don't want to stick around to see how worse it's going to get."
When approached by GB News about Charlie Mullins's plans to leave the UK due to Labour's plans, a Government spokesperson stressed that the UK is the "best place in the entire world to do business".