More than six in ten British millionaires are considering leaving the country as fears of higher taxes prompt an exodus of wealthy people from Britain.
Research from Wealth Club shows the majority of its clients (61 per cent) with an average wealth of £4.5million are eyeing the exit because of higher taxes. Almost all (97 per cent) believe taxes will definitely or probably increase over the next 12 months.
It comes as hedge fund tycoon Chris Rokos, said to be worth £3billion, has become the latest high-net-worth individual to leave the UK.
His departure follows the exits of Lakshmi Mittal, steel billionaire and founder of ArcelorMittal, and Nassef Sawiris, Egypt’s second-richest man, after reforms to the non-dom tax regime in 2024.
Chris Rokos is the latest billionaire to flee Britain amid Labour's tax raid
