Live EventsSteel tycoon Lakshmi Mittal is weighing the possibility of leaving the UK following the government’s decision to end tax benefits for non-domiciled residents . This policy allowed certain UK residents to avoid taxes on foreign income and gains. “He is exploring his options and will take a final decision over the course of this year,” said a close associate. His son, Aditya Mittal, now leads the company, with the family retaining a 40% stake. (Join our ETNRI WhatsApp channel for all the latest updates)Mittal's potential departure aligns with a broader trend of high-net-worth individuals leaving the UK following Labour’s fiscal reforms.

Source: The Times March 28, 2025 08:27 UTC