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.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left2Leaning Right7Center2Last UpdatedBias Distribution64% Right
Bias Distribution
- 64% of the sources lean Right
L 18%
C 18%
R 64%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage