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Nearly ten thousand millionaires are predicted to flee the jurisdiction of the United Kingdom this year amid expected tax raids from the left-wing Labour Party government of Sir Keir Starmer.
It found a net loss of 4,200 millionaires in the first five months of the year — during which time Labour was widely predicted to come to power — and that a further 5,300 are expected to flee by the end of the year. Popular landing spots for the wealthy and entrepreneurs include low-tax destinations such as Dubai, Singapore, and Switzerland.
Demonstrating the mood of the wealthy class about fleeing the country over expected tax hikes, Britain’s most famed and prosperous plumber, Charlie Mullins revealed over the weekend that he has put his £12 million riverfront penthouse in London up for sale as he seeks to completely divest form the country.over the weekend, the 71-year-old Pilmlico Plumbers founder said that he is seeking to have “no assets in the UK whatsoever… I’ll have no investments here, no bank account here.
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