Millionaires are set to flee Britain in record numbers to escape Labour’s tax raids, a report has revealed.
An unprecedented 16,500 wealthy Britons are predicted to leave this year amid a darkening economic outlook.
The forecast, in the Henley Private Wealth Migration Report, comes after City veterans warned an exodus will hurt growth and investment.
Britain will lose twice as many high-earners as China and ten times as many as Russia, according to the study, which analyses migration trends of those with liquid assets of more than $1million (£740,000).
Wealthy Britons are flocking to places such as the United Arab Emirates, the US, Italy and Switzerland, with 10,800 leaving last year.
