Enda Brady: UK correspondent on billionaires fleeing the UK amid rising tax pressures
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Enda Brady: UK correspondent on billionaires fleeing the UK amid rising tax pressures
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Britain has lost more billionaires than any other nation over the past two years, and there's fears a tougher wealth tax could drive these figures up.
New research has found the UK lost nearly a quarter of its billionaires between 2023 and 2024, with many of the UK's wealthiest individuals moving their tax residency to low-tax jurisdictions.
UK correspondent Enda Brady says many of these rich-listers have moved to places like Switzerland, Monaco and Dubai - which have far more favourable tax regimes.
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