UK at ‘tipping point’ as millionaires consider moving abroad over wealth tax fears
In a new survey, he believes that 60 percent of British millionaires can lead a better life abroad.
Rachel Reeves said that if he imposes a leaving tax, more than half of the 1000 wealthy participants are more likely to think about leaving the UK.
Consulting of the Consultancy of the Survey, the CEO of Arton Capital, the show of the findings Chancellor, the country is at the top of the overthrow ”because it explains plans for a new home tax that is currently reacting to.
Armand Armon said: “The uncertainty around the government’s proposed reserve tax reflects the economic uncertainty around the world – from Trump’s tariffs to the conflict in the Middle East, it seems that the world has become increasingly less precise.
“The promotion of a tax has many echoes, but something is clear: the longer the longer, the longer the capital, talent and long -term investment risk for individuals, families and their future.”
Meanwhile, about half of the surveyed millionaire voters (47 percent) said that they are more likely to leave the country if a reserve tax is imposed.
New data comes because the chancellor is under increasing pressure to offer more deying taxes. Angela Rayner, Labour’s leader, called Ms. Reeves to take into account the measures aiming at the proportion of property, and Mrs. Reeves is under pressure to increase income without promise not to increase the taxes on employees.
The cabinet ministers have so far rejected a reserve tax calls, but Ms. Reeves had not yet announced a version of the measure.
And on Tuesday, it was revealed that the landlords could be forced to pay a new tax for the sale of more than £ 500,000 as part of the stamp tax and council tax taken into consideration by the Treasury. Ms. Reeves comes after the inheritance tax of non -dominant individuals based on their global assets announced.
The Arton Capital Affluce and Elections Survey conducted by WALR added the survey of 1.009 UK between 18-70 years of age with at least £ 1 million between 31 July and 8 August 2025.
When asked which countries they want to settle most, the United States (35 percent) exceeded the rankings among the wealthy British, Canada (33 percent) and Australia (25 percent) ranked third, the United Arab Emirates (BAE) came fourth (17 percent).
According to the Henley Private Asset Migration Report, in June, 142,000 millionaires were expected to move to a new country this year, and England is expected to lose 16,500 records in 12 months from June.
With ten -year weak economic performance and comprehensive tax reforms introduced by conservative and labor governments, wealthy individuals are looking for tax -friendly judicial zones such as UAE, Monaco and Malta.
According to Arton Capital, two -thirds of British millionaires still see England as an attractive place compared to other countries.
Probably, according to the historical status of the country as a financial power center of the country, the company said that its data showed that many wealthy voters are confident about the possibility of financial return on British investments.
