Charlie Mullins: enough is enough.
'Tax me 50p and I'm off to Spain'
Published: 19 March, 2010
LONDON: Pimlico Plumbers' outspoken boss Charlie Mullins hit out at the Government's plans to impose a 'supertax' on high earners.
In a piece in the London Evening Standard, Mr Mullins, whose company employs more than 150 people and has an annual turnover of £15m, said companies would be tempted to "sling their hook" when the new rate comes in next month.
The Chancellor has said that from April the higher rate of tax will go from 40p to 50p in the pound for those earning more than £150 000.
Shadow Chancellor George Osborne said he would reverse the tax at some point during the next Parliament, but was vague as to when that would be.
Mr Mullins started his company with a bag of tools and a van in 1979.
He said he was working out how to relocate to the Costa del Sol. "I am seriously considering saying goodbye Pimlico Plumbers and Hola Puerto Banus Plumbers. Why would an entrepreneur want to build a business in the UK when the only incentive for success is higher tax penalties that only succeed in driving them out of town?"