He told the Daily Telegraph that he was leaving because of the constant drip feed of leaks about tax policies ahead of the Budget — including a possible exit tax — which meant it was “too unstable and too risky to maintain residency”. Furthermore, last year’s Budget measures, including changes to capital gains tax, entrepreneur's relief, and employer national insurance, have increased costs for many entrepreneurs. As the govt prepares for this year’s Budget, it must carefully consider the cumulative impact of these policies. I am not seeing improvements to the NHS, economic growth or investment in infrastructure,” Bhat said. He said several of his PIO friends, who had lived in the UK for years, like him, had already returned to India.

Source: The Times November 19, 2025 18:56 UTC