One millionaire left Britain every 45 minutes in the year Labour came to power, figures suggest. The UK lost 10,800 millionaires to overseas countries last year, more than double the number in 2023, according to new data. It comes as Labour plans to abolish centuries-old tax laws that allow foreign investors to reside in Britain while sheltering offshore wealth from domestic taxes. Jason Hollands, managing director of financial advisers Evelyn Partners, said the crackdown made Britain appear “hostile to wealthy people”. No other country except for China saw greater capital flight than the UK between January 2024 and December of 2024, according to the figures.
