Labour MP Lloyd Russell-Moyle wants no billionaires in Britain
Labour MP Lloyd Russell-Moyle has said there should be no billionaires in Britain during a combative radio interview.
The Brighton Kemptown MP said he doesn’t “want this country to work for billionaires, I want it to work for normal people”.
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Speaking to Emma Barnett on the BBC’s Radio 5Live he said: “I don’t think anyone in this country should be a billionaire, I think we should have a system where everyone is able to live well and wealthy.”
“I think you do it by enabling everyone to be very wealthy and to be able to profit from the gains of their worth and their labour.”
When told that the top one per cent of income earners account for 27 per cent of tax receipts, Russell-Moyle said: “They should be contributing more”.
Matthew Lesh, research director at think tank the Adam Smith Institute, said the comments “reveal the stone cold truth about Labour”.
“They don’t care about the poor, they just hate the rich.
“We should be embracing the world’s most successful and making the United Kingdom the place where they create businesses, employ people, and grow our economy.
“When France introduced a 75 per cent top tax rate the most successful simply left the country.”
The claims from Russell-Moyle come on the same day that Labour leader Jeremy Corbyn kicked off his election campaign by going after “greedy bankers” and “bad bosses”.