A record number of millionaires left the UK last year, with the exodus said to have accelerated after Labour came to power in July, The Times reports.

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The Scotsman

Scotland

United Kingdom

Buyer’s remorse about Labour? Why it's clear Keir Starmer is preparing rerun of Tory austerity

Rachel Reeves’ Budget, which hit employers with tax hikes, as well as crackdown on controversial ‘non dom’s’ blamed for the exodus

Ad Fontes Media

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The Independent

Evgeny Lebedev

London

Greater London

England

UK has lost a millionaire every 45 minutes since Labour came to power, study claims

The Chancellor delivered the largest tax-raising Budget in history, clobbering businesses, motorists, farmers and pension savers with a £40 million raid.

Daily Express

Reach plc

Ministers fear Rachel Reeves is about to ditch Labour manifesto promises

Taxes, and the power of the US and Asia in the global hi-tech sector are among ‘multiple complex drivers’, according to the New World Wealth.

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

More than 10,000 millionaires have left Britain, analysts say

Chancellor Rachel Reeves’ visit to China and Keir Starmer’s insistence on staying outside the EU single market leaves the UK more vulnerable than at any time since the Second World War

JPIMedia

Reeves and Starmer made a calculation once elected. They calculated that with a super majority and marathon five year term ahead of them they could put forward some pretty grim policies they thought would feed the treasury this year in a bid to create room for more palatable election gimmicks later in their term.As anyone somewhat logically-minded could have forecast however, those policies were never going to work financially. We don’t tax and …

GB News

It's not over! Labour haven't even started when it comes to tax rises and state intervention

READER, some bad news. Keir Starmer’s so-called Labour Government is falling apart, as many of us predicted it would, but a hungry vulture circles…

The National

Gannett

Glasgow

Glasgow City

Owen Jones: Centrists like Keir Starmer don’t have any answers for this era of crisis

Millionaires have left Britain in record numbers since the new Labour government took power amid a crackdown on non-dom residents and sweeping tax hikes. The Treasury is facing fresh calls to reverse plans to abolish the non-dom tax status in April and replace it with a residence-based regime that also ropes in non-doms’ overseas assets into UK inheritance tax (IHT). Tax advisers are also reporting that a growing number of UK-based entrepreneurs…

City AM

Millionaires leave Britain in record numbers since Labour took power

A record number of millionaires left the UK last year, with the exodus said to have accelerated after Labour came to power in July.

Number of millionaires fleeing UK 'spikes after Starmer comes to power' amid fears over Labour tax plans

Thousands of millionaires have fled Britain amid growing concerns that new tax plans will damage the economy and international investors.

Upstract

Record numbers of British millionaires ditch UK over fears Labour's tax plans are damaging the economy

More than 10,000 millionaires have left Britain in the past year, analysts say.Taxes, the growing dominance of the US and Asia in the globaxfl hi-tech sector, the "dwindling" importance of the London Stock Exchange and the "deteriorating" state of the health system are some of the potential drivers of the exodus, according to the New World Wealth (NWW) global analytics firm.Britain lost a net 10,800 millionaires in 2024, while the figure was 4,2…

Labour’s tax plans trigger exodus of millionaires from UK: Report

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