Ian Dunt

Loads of the ideas that you do with tax just to make it more transparent and rational, less opaque, more comprehensible, so that we don't create this culture of people trying to squirrel away and always defeat the tax man.

Because they feel that's what you've encouraged.

Part of it is it should be a project that can unite the right and the left of saying, no, it's going to be fair.

It's going to be transparent.

It's not going to be opaque.

That should be doable.

And that, I believe, would help growth.

In that kind of scenario, you're trying to give people a sense of confidence about their tax system, a confidence to spend at the same time, confidence to invest in assets.

All of that comes by getting rid of the complexity and the irrational nature of the tax system.

And that could be part of a much broader strategic approach of thinking, where are we succeeding?

Where do we deliver the funds?

An industrial growth strategy.

And by the way, they have not been terrible on that.

The industrial growth strategy published took...

ages for them to come out with it once it did it was like a pretty you know positive document it was a pretty effective state of affairs it's not like we were completely swimming at sea on this stuff it can be done but it requires conscious thought and it requires a real sense of dedication to the task but there are there are there's a perception in the uk that we're taxed a lot uh our tax rate our burden is one of the highest it's ever been in the in the uk i know our people

Now, I've never really believed that, but also we don't, I mean, we don't really, you know, we can find that across, like, we look at what happens in France, we look at what's happening in Germany, we look at what happens in Sweden.

That is not the experience that we've had.

I also, I'm not a huge believer in the fact that the super rich leave at a certain point either.

I think most of the time you sort of, you're ultimately quite invested.

Like, you know, your kids are in a school somewhere.