capital flight

2 articles

Jul 29, 2026 • via LBC

Britain Sheds 600,000 Millionaires Since 2021 Peak

Capital flight accelerates under higher tax regime and non-dom abolition

Millionaire numbers have fallen to 442,000, exposing reduced domestic investment capacity and a shrinking tax base.

Nov 4, 2025 • via The Guardian

Exit Toll: Treasury's £2 Billion Grasp at Fleeing Assets

Reeves eyes G7 alignment amid capital outflows

The proposed 20% charge on departing UK residents' assets signals fiscal desperation, risking further wealth flight in an economy already losing ground to global rivals. It highlights cross-party failures in retaining capital over decades of decline.