UK to See Biggest Millionaire Exodus Behind China: 2024 Report
Published on June 19, 2024
The UK is set to lose more millionaires in 2024 than any other country except China, an annual report says. According to the Henley Private Wealth Migration Report 2024, published on Tuesday by Henley and Partners, 9,500 more millionaires are projected to move out of the UK in 2024 than those who move in, which represents an “unprecedented net loss.” A range of factors, including the ending of the non-dom tax regime, the deteriorating health care system, Brexit, and the lack of competitiveness in the hi-tech space, have been blamed for the exodus, with analysts suggesting “unwelcome development” foreshadowed by the general election campaign promises may push more out of the country....