UK Loses Hundreds of Thousands of Millionaires
The UK now has only 450,000 millionaires in pounds sterling, a level unseen since 2008.
Published 1j1 sourceNotable
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The fact
Rising interest rates and heavier taxation are driving this exodus of wealth.
The abolition of the 'non-doms' regime has also accelerated departures.
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Why it matters
Cette fuite des fortunes pourrait affaiblir l'attractivité économique du Royaume-Uni et réduire ses recettes fiscales, avec des conséquences macroéconomiques durables.