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An estimated 16,500 millionaires are set to leave the country in the coming 12 months

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An estimated 142,000 millionaires are set to relocate to a new country this year, with the UK set to lose a record 16,500 in the coming 12 months.

With a decade of poor economy performance and sweeping tax reforms introduced by the Conservative and Labour government, affluent individuals are seeking tax-friendly jurisdictions like the UAE, Monaco and Malta.