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What Is Driving the Flock of Millionaires Exiting the UK
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Subscribe08 JUL 2025 / ECONOMY
A record 16,500 millionaires are projected to leave the UK in 2025, following changes to the non-domicile tax regime and offshore trust exemptions in 2024, according to the Henley Private Wealth Migration Report. The exodus is triggering concerns about the impact on the UK's economy and its global standing in finance, with repercussions predicted for sectors like luxury retail, private education, and philanthropy, and a potential loss of £8.9 billion in non-dom tax contributions.
The rich aren’t just getting richer; they’re getting out. And the UK? It’s watching them go, a suitcase in one hand and offshore trust documents in the other. A record-shattering 16,500 millionaires are forecast to leave Britain in 2025, according t...
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