politics / policies
3 hours ago

Record UK Millionaire Exodus Amidst Labour's Tax Policy Concerns

Record UK Millionaire Exodus Amidst Labour's Tax Policy Concerns
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7 Highlights
  • 10,800 UK millionaires emigrate fearing Labour's tax plans.
  • UK loses more wealthy residents than any country after China.
  • Migration rises after Keir Starmer leads Labour's tax policy.
  • Rachel Reeves criticized for non-dom tax proposals.
  • Wealthy Britons move to Italy, Switzerland seeking better tax.
  • UK leads in millionaire migration since 2023, estimates show.
  • Family businesses fear new taxes will hinder growth.
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