Labour’s tax plans trigger exodus of millionaires from UK: Report
- The UK has lost a net 10,800 millionaires in 2024, a 157 percent increase from 2023, as reported by New World Wealth.
- Experts attribute the exodus to Rachel Reeves' controversial budget, which is said to negatively impact economic growth.
- The planned tax changes are prompting relocation, with many citing the budget announcements as the reason for leaving, according to RSM UK's Rachel De Souza.
35 Articles
35 Articles
Record Numbers of Millionaires Flee UK Amid Labour’s Socialist Tax Agenda - American Faith
Since Sir Keir Starmer’s Labour Party came to power last year, British millionaires have been leaving the country at an unprecedented rate, fleeing the punitive tax policies that have come to define Labour’s left-wing agenda. In 2024 alone, 10,800 millionaires with liquid assets exceeding $1 million left the UK—a staggering 150% increase from the previous year. Labour’s plans to abolish the non-domiciled tax regime, which allowed wealthy individ…
More than 10,000 millionaires have left the UK in the past year, according to an analysis by consultancy New World Wealth (NWW) published in The Times, German news agency DPA reported on Sunday. ...


Under Failing British PM Starmer, a Millionaire Leaves the UK Every 45 Minutes – Almost 11K High Net-Worth Individuals Fled Labour Party’s Tax Raid in 2024
Under the leadership of PM Starmer, the UK faces an exodus of high-net-worth individuals, with nearly 11,000 leaving amid rising tax pressures. Uncover the implications of this trend for the nation's economy.
Over 10,000 millionaires have left the UK in the last year, according to an analysis by consultancy firm New World Wealth (NWW) published in the daily newspaper "The Times", DPA reports, quoted by Agerpres.
ThePatriotLight - Millionaires Flee UK in Record Numbers Since Left-Wing Labour's Election Win
ThePatriotLight - British millionaires are fleeing the country in record numbers since Sir Keir Starmer’s left-wing Labour Party claimed last year’s election win and set out in socialist fashion to try and tax the country into prosperity. Turmoil in bond markets and warnings from businesses has raised further concerns about Labour’s punitive tax plans while moves to remove the non-domiciled tax regime that allows people to keep non-UK income in …
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