Is Britain’s rich mobilization? A look at tax concerns

Stark’s warnings have appeared since the UK tax campaign on the wealthy that there is a exit from the huge wealthy people. Solid data did not support this trend.

At the heart of the potential trip, there are changes to the British tax system, from capital gains and inheritance tax to additional stamp fees. In particular, cancel the so -called System is not alwaysWhich allowed the wealthy foreigners to avoid paying the tax on profits outside the United Kingdom and compensation for inheritance duties on their global origins, the gas of a lot of controversy.

Fear is that the migration of the wealthy will translate into less economic growth and reduce the attractiveness of the United Kingdom as a place to live, invest and practice.

“We know that the highest 1 % and the highest 0.01 % are paying a very high rate of taxes in this country, so the tax base begins. The second thing is that you lose the benefit of the money they spend in the economy. This is not only about the people they use, but it is also about things like charitable works,” said Jenkins, who is now the CEO of services.

“What we really need is more than anything else in this country, is for people to start and develop companies. This means that we must be an attractive location of the capital to start companies.”

There are even warnings that the Labor Party risks Britain to the challenges of the seventies, especially under Finance Minister Dennis Healy at the time. At that time, a high -tax and business environment has paid tens of thousands of people outside the country in “brain migration”.

In addition to uncertainty is whether the current surgery advisor Rachel Reeves will Other changes to taxes In the next autumn budget, such as a possible wealth.

However, collective immigration claims from the non -driving wealthy in response to the tax height may be exaggerated. Initial tax data indicates that the number that people leave – or less – the official predictions of the budget responsibility office, which Climate 25 % of non-defense who have boxes and 12 % of those who have boxes from the United Kingdom over 2025-26 in response to the abolition of the tax situation.

This Shadow is a report that was widely martyred in cooperation with Heeny & Partners, a British investment immigration consultant, who claimed that 16,500 millionaire would leave the country in 2025. Critics have already asked about the study It is highly dependent on the data from LinkedIn, which cannot be relied upon to find a tax residence for a person.

Economy expert at Bernberg Andrew and Wraart said that the potential flow of the wealthy would affect some parts of the economy more than others.

“It will affect the upper end of the real estate market in London. So there will be pockets that are strongly affected by this migration. However, for the economy in the United Kingdom as a whole, this is a very small part of the pie,” he said.

The United Kingdom is scheduled to publish in appreciation of the number of non -competitions that left the country due to the new rules in 2027.