Comments made in the Daily Telegrapgh by Matthew Lynn indicate that the UK Government may need to consider the impact of high taxes in the UK and vsas offered to workers by other countries.
Matthew Lynn says in the Telegraph that if the UK Government doesn’t act on high taxes soon more potentially mobile workers will choose to work abroad. The number of "digital nomad" visas on offer is growing all the time, with Canada joining the likes of Spain, Portugal and Greece in the past month alone, he says. “Given that most of the visas come with generous tax breaks, it may well be the only way that a whole generation of entrepreneurs and freelancers can opt out of the moribund big-state, high-tax models that countries such as Britain are set on - and they may be the only people who can finally force governments to face up to the bankruptcy of that model.”
This may have significant effect on the motorsport industry as it relies on specialised and highly skilled workers.