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  Brian No - that is not authorised by Parliament and would be an illegal action that would tie up the Courts for years and would result in massive compensation for those who had assets sequestered.
  
  You first have to prove people have been guilty of breaking the law, tax evasion in other words and then you already have the sanctions to tax them and penalise them too. Without that it would be theft. In addition the response would be massive capital flight resulting in a run on the banks and a massive lost of investment in UK businesses. It would cause serious economic damage as no-one would trust the UK government. International business would certainly move their corporate headquarters elsewhere.

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