Britain is becoming a less attractive location for the wealthy, a report suggests.
The migration consultancy Henley & Partners said tax reforms, fiscal uncertainty and policy changes were prompting wealthy families in Britain to 'reassess their options'.
The firm, which helps high net worth individuals secure visas and relocate abroad, said Britain had gone from being its twentieth-largest source of new clients in 2018, to its fifth-largest today.
Its 'Millionaires on the Move' report said the abolition of the non-domiciled tax status regime, changes to inheritance tax, the closure of the 'golden visa' for investors in Britain and a 'broader climate of fiscal and policy uncertainty' has downgraded Britain's status as an appealing location for the wealthy.
It was named as one of five countries where wealthy residents were considering packing their bags, along with Germany, Norway, South Korea and France.
