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A Dubai based hedge-fund executive has said to the FT:
No one knew 'you were getting exposed to geopolitics when moving to Dubai. It was not a consideration. People have moved families. This element of concern is new'!
Given the Hedgies are supposed to be the smart guys, how did they miss the Middle East is suffused with global oil politics, and that it has been unstable politically for generations....
Oh that's right; low taxes, folks... it'll all be fine
@ChrisMayLA6 money and brains are mutually exclusive. There are currently many people with more money than brains.
@ChrisMayLA6 Does this mean Ticey will be spending more time in the UK?
I imagine it does...
@ChrisMayLA6
They think money will insulate them from everything.
I was glad to see Ed Davey point this out in his response to Starmer’s address to the Commons this afternoon…’British people living in the Middle East’ is code for tax exiles living in Dubai.
These ‘clever’ people who thought they could get away from paying UK high taxes and that they were safer in the Middle East than on the supposedly crime ridden streets of London.
These folks can afford to make their own way ‘home’ or to whatever other global bolthole they possess
