Tax hikes push wealthy individuals to exit the UK – what are the risks of relocating?

Research suggests a wealth exodus may be taking place due to higher taxes under the Labour government

suitcase with different flags
(Image credit: Getty Images/Francesco Carta fotografo)

Increasing numbers of wealthy individuals are exiting the UK amid rising taxes.

Chancellor Rachel Reeves unveiled £40 billion of tax rises in her first Autumn Budget in October.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.