Millionaires eye English-speaking countries and favourable tax rates amid fears of fresh Reeves raid
Millionaires eye English-speaking countries and favourable tax rates amid fears of fresh Reeves raid
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Estimated 16,500 to flee UK as Rachel Reeves considers U-turn on non-dom rules
The UK’s growing fiscal crisis and wealthy exodus may force Reeves towards a deeply unpopular measure
The move, which has been labelled ‘crazy’ and ‘desperate’ by the shadow chancellor, could generate £2bn
Move marks the latest high-profile departure amid fears Rachel Reeves’s budget will drive Britain’s wealth overseas
Experts doubt the details of a reported exodus, but tensions are growing between business leaders and the government.
An unprecedented 16,500 wealthy Britons are predicted to leave this year amid a darkening economic outlook.
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