Some Hongkongers are planning to settle down in Britain. Well, you’d better take a look at the budget statement this week, as British Chancellor of the Exchequer Rishi Sunak is expected to say he needs to raise more than £40 billion to tackle the budget deficit. Sunak is also likely to raise income tax by £6 billion, reports in British media have forecast (“ Horrors of taxes and social justice await Hongkongers fleeing to the West”, February 27).

This is only the beginning. If you have already converted your Hong Kong dollars into pounds sterling, God bless you. After the Scottish election in May, the ruling Scottish National party could kick off a second referendum on independence. This might bring down the pound sterling by at least 20-25 per cent. No one with pounds sterling in their pocket can escape the “buy high, sell low” scenario, as Britain pays the ultimate price for Brexit.