The newly-released Henley Private Wealth Migration Report reveals that 9,500 millionaires will leave the UK in 2024 – that’s the second highest gross figure in the entire world, second only to China. It’s also more than double the record 4,200 who upped sticks last year…
Labour is relying on the taxation of a substantial number of high net worth individuals via its expanded non-dom tax. The party’s bogus £3.2 billion revenue figure is derived from research by high-tax zealots Arun Advani and Andy Summers, who spend their time pushing for a highly damaging wealth tax as “Wealth Tax Commissioners“. The research, upon which Labour relies to fund numerous new spending commitments including an extra two million NHS appointments per year, wrongly assumes that most non-doms will stay in the UK. In 2021-22 each non-dom already paid on average £158,000 in tax. That cash is jetting out of the country as we speak…
The number of millionaires in the UK has dropped by 8% over the past decade – that trend is only speeding up. The top 1% already pay over 30% of all income tax. A crucial revenue source in the process of being killed by Labour and Jeremy Hunt…