Non-dom exodus: Top London dealmaker quits UK for Switzerland Wealth One of London’s most successful private equity dealmakers has left the UK for Switzerland, adding to the wave of wealthy individuals quitting Britain in the wake of the government’s crackdown on wealth. Kurt Bjorklund, the executive chair of Permira who until recently was the buyout giant’s managing partner, relocated to the low-tax jurisdiction in the [...]
Labour urged to rethink donor incentives for museums amid non-dom exodus Wealth The exodus of non-doms from the UK is having a knock-on effect on philanthropy, with museums now urging the government to bring back generous donors. Museums, such as the British Museum and Tate Modern, acquire expensive, world-class paintings primarily through a mix of public funding, major grants from organisations and private philanthropy. However, with the [...]
Reeves told City at ‘critical juncture’ after claims of golden age Economics Rachel Reeves has been handed a firm warning that Britain’s financial ecosystem is facing a “critical juncture” even after the Chancellor touted a “golden age” of opportunity for the City. The Chancellor faces a call to action following a report from lobby group TheCityUK and Big Four consultancy giant PwC revealing the “hard truth” that [...]
Non-doms are descending on Milan – and getting a divorce January 21, 2026 Thanks to its generous flat-tax regime, Milan has become a popular bolthole for former UK-based non-doms. But, asks Ali Lyon, does the opening of a new divorce law firm in Italy’s financial capital suggest some of its new residents are regretting their decision? The United Kingdom’s decision to abolish the non-dom regime last year has [...]
Whitehall in talks with City for non-dom reform after exodus January 11, 2026 Whitehall is locked in talks with City bigwigs as the Labour government seeks to attract wealthy investors to the UK following the tumultuous fallout to the scrapping of the non-dom regime. The non-dom status was changed by Chancellor Rachel Reeves in the Autumn Budget 2024 and was swapped for a residence-based system that taxes all [...]
Non-doms made up two thirds of super-prime sellers in 2025 January 6, 2026 Wealthy foreigners fleeing the UK to escape the government’s crackdown on non-doms were behind two of every three super-prime property sales last year, leading prices at the top-end of London’s housing market to extend declines that now stretch over a decade. According to a fresh analysis of London property transactions above £15m, 65 per cent [...]
Hedge fund tycoon Alan Howard quits UK for Switzerland December 23, 2025 The co-founder of Brevan Howard Asset Management, Alan Howard, is the latest wealthy individual to exit the UK following tax hikes imposed by the Labour government. The hedge fund tycoon relocated from Britain to Switzerland in early June, according to an analysis of UK registry filings by Bloomberg. Howard had previously moved from London to [...]
Shein’s former head of Europe relocates from London to Dubai November 26, 2025 The former head of Europe at e-commerce giant Shein has become the latest British executive to relocate to Dubai, City AM can reveal. Cui He, who was director of Europe at Shein from the beginning of 2023 until last month, according to her LinkedIn profile, has shifted her residency from London to the United Arab [...]
‘Reckless and self-defeating’: Leading wealth manager slams possible exit tax November 9, 2025 The head of a leading financial advisory and wealth management firm has slammed plans to impose an exit tax on wealthy Brits fleeing the UK, arguing it would leave lasting damage on the country. Reeves is reportedly looking at a possible 20 per cent “settling-up charge” on business assets, which is the rate of Capital [...]
Informa boss shifts residency to UAE October 31, 2025 The boss of a FTSE 100 company Informa has shifted his residency to the UAE and stepped back from his role in the House of Lords, to run the data and events firm from what is one of its fastest-growing regions. Lord Carter, who was the founding chief executive of media watchdog Ofcom, has relocated [...]