Why so many millionaires are keen to leave the UK

Business & FinancePersonal Finance
20 Aug 2025 • 6:25 AM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

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  • A new survey reveals that 60 per cent of British millionaires believe they could have a better life abroad.
  • Over half of the wealthy respondents indicated they would be more likely to leave the UK if a wealth tax were introduced by Rachel Reeves.
  • The CEO of Arton Capital, which commissioned the survey, stated that the country is at a tipping point due to economic uncertainty and the potential for new levies.
  • This data emerges as the Chancellor faces pressure to introduce wealth-based taxes, with consideration for a new levy on house sales over £500,000.
  • Despite concerns about potential emigration, two-thirds of British millionaires still consider the UK an attractive place for investment.

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