Rachel Reeves ‘fuelling £91.8bn exodus of millionaires’ from the UK | Politics | News
Rachel Reeves argued that a expert could disappear of £ 91.8 billion, and warned that his policies fueled a “millionaire migration” from the UK. Residence and citizenship figures by investment experts Henley and Partners Specify that the stance of the chancellor apparently “recoil”, Simon Hood, General Manager of the displacement company John Mason InternationalAccording to experts, Britain is expected to lose more than 16,500 million in 2025.
Mr. Hood said: “In the last eight months, the places they have received more investigations than ever before, and they want to act from high -net value individuals are the same: Dubai, states and Qatar do not receive a genius. This destinations, when compared with England, the lowest tax and high growth, why they do not think, high growth, high growth, high growth, high growth, high growth, high growth, high growth, high growth, high growth High, high, high growth, high growth, high growth, high, high growth, high growth, high, high, high growth, high growth, high, high, high, high growth, high, high, high growth, high, high, high growth, high, high, high, high growth. Are there any financial interests? “
In October, Reeves confirmed that wealthy individuals outside the UK, who are outside the United Kingdom, have scrapped the domestic tax status that allows him to avoid paying full UK tax for his overseas earnings.
In January, Chancellor announced that this policy will be adjusted to allow a more generous stage than financial benefits.
Mr. Hood added that the government believes that the government underestimated the scale of wealthy individuals who abandoned the country.
He said: “Now we are in a ridiculous position where policy changes designed to increase income actually cost us and remove the most contributing people.
He continued: “I do not think that the effects that may have on this scale foresees.”
In addition, the expert, Mrs. Reeves’ decision to increase national insurance contributions (NIC) for employers “many people forced to re -evaluate their long -term future,” he said.
Dr. Juerg SteffenHenley and Partners CEO said: “2025 points to a very important moment. For the first time in a ten -year monitoring, a European country rules the world at millionaire outlets.
“This is not just about the changes in the tax regime. It reflects an in -depth perception that greater opportunities, freedom and stability lie elsewhere among the rich.
“Long -term results are important for Europe and Britain’s economic competitiveness and investment attractiveness.”
Reeves, earlier this year, the ministers “listening to the concerns brought up by the domestic community,” he said.
“And on the financial invoice, we will make a change that makes the temporary return facility more generous, which allows DOMs to bring money to the UK without paying important taxes.”
