A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year’s election expected to exacerbate the…
The Henley Private Wealth Migration Report indicates that Britain will experience a net loss of 9,500 high-net-worth individuals in 2024 — more than double last year's figure of 1,600.
LONDON — A record number of millionaires is expected to leave the United Kingdom this year, according to new research, with this year's general election expected to further exacerbate the exodus.indicates that Britain will experience a net loss of 9,500 high-net-worth individuals in 2024 — more than double last year's figure of 4,200 .
"Notably, during the six-year period from 2017 to 2023 post-Brexit, the U.K. lost a total of 16,500 millionaires to migration. Provisional estimates for 2024 are even more concerning," the research added. Hannah White, CEO of the Institute for Government think tank, noted that the millionaire exodus could be accelerated by this year's general election.
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