| > are things really that bad there? UK resident here. I am in a lucky position where the current hardships don't affect me financially. In the short-term, I can ignore the issue and pretend it doesn't exist. I wish it was only a short-term issue. Long-term however, most of what attracted me to the UK in the first place died with the pandemic. The high street in most places is a shadow of its former self (replaced by money-laundering fronts masquerading as gift/American candy shops), work in tech is stuck in a weird hybrid state where it's neither fully remote nor on-site and is the worst of both worlds, wages haven't kept up with inflation while housing prices have skyrocketed, businesses are struggling and will struggle even more as people don't even have the money to pay their heating/energy bills, let alone for discretionary spending. The NHS is basically a write-off at this point and your only option is to go private. Taxes on the other hand are still high. Now I don't know anybody who likes paying taxes, but it stings less when you feel like you get your money's worth out of them (in terms of infrastructure or services, such as the NHS) and the tax rate is adequately calibrated. However, the tax brackets have yet to adjust for inflation, so you must earn more (and thus pay more tax) even though your standard of living hasn't actually changed at all. Services that you used to be able to get for "free" (paid by your taxes) such as the NHS are no longer functional, so you must now effectively pay twice and go private instead. Politically, there doesn't seem to be any urgency to fix the problem either, from any side of the political spectrum. I haven't paid attention to them too much here (I can't vote anyway), but the feeling I got was complete apathy from the ruling class. It always felt like a plane flying on autopilot with nobody at the controls - we happened to luck out for a while and prosper despite that but now we're approaching a mountain and it will be really bad if someone doesn't change course. I have an EU passport, when my current lease expires I will be moving back to the EU and taking my business with me. At this point I am losing money by staying here, paying huge rents and taxes for sub-par value in return. |
Plus the UK is a mini tax haven, being one of the best places in Europe for the self-employed.