HSBC splashes $5m on new London wealth centre despite non-dom exodus July 12, 2025 HSBC has opened a new wealth centre in the heart of London to cater to high-earning customers in defiance of fears of an exodus of wealthy investors from the UK. Britain’s most valuable bank has leased two floors of a fifteen-storey tower in Piccadilly, formerly the home of British magazine The Economist, in a $5m [...]
How to solve the UK’s non-dom conundrum July 1, 2025 After industry experts poured cold water on Reform’s ‘Britannia Card’, and amid rumours the Chancellor is examining options to row back on elements of her non-dom reforms, Ali Lyon asks what policies might be on the table – and whether they will work. As Nigel Farage stepped up to a mundane-looking podium in a stuffy [...]
Millionaires on the move? Britain can’t afford this wealth flight. June 24, 2025 All around the world, money is on the move. Millionaire migration might seem like a niche narrative, but it sparks serious debate and can lead to major policy changes. No individual dataset can be taken as flawless, but a number of different sources can be pooled that, taken together, paint a picture of where wealth [...]
‘Way too cheap’ – Tax experts question Reform’s £250K non-dom plan June 23, 2025 Reform UK’s new ‘Robin Hood’-style non-dom policy has been given a cool reception by top UK tax experts, who have branded it as “too cheap” and warned it could even cost the UK £34bn in lost tax revenue. Nigel Farage’s party, which currently tops the opinion polls, unveiled plans for a £250,000 flat tax regime [...]
A gold card for non-doms can secure London’s position as a global hub June 19, 2025 With it’s world class education system, robust rule of law and central time zone, London is still the best place in the world to be a non-dom, says Duncan MacIntyre From Ann Kaplan Mulholland and her husband Dr Stephen Mulholland to Lakshmi Mittal and Frederic de Mevius, multi-millionaires and billionaires have been making headlines in [...]
Non-dom U-turn would keep South African billionaire in UK June 18, 2025 South Africa’s richest self-made woman would cancel her plans to leave Britain if Rachel Reeves goes ahead with a change to non-dom inheritance tax rules said to be under consideration by the Treasury. Magda Wierzycka, the billionaire entrepreneur behind UK venture capital fund Braavos, had intended to join the wave of rich foreigners departing Britain, [...]
Four in 10 entrepreneurs mulling UK exit June 13, 2025 Four in 10 UK-based entrepreneurs are considering moving their firm overseas, a fresh poll has found, in further evidence the government’s crackdown on wealth and Britain’s stagnant economy are driving people away from the country. According to audit shop S&W’s Business Owners Sentiment Survey, 39 per cent of the UK’s entrepreneurs are mulling a move [...]
The high-profile non-doms that have quit Britain since the Budget June 6, 2025 If the pleas of wealth advisers and tax lawyers are to be believed, since the Chancellor’s Autumn fiscal crackdown, non-doms have been leaving Britain in droves. We’ve listed the most high-profile departures since the Budget. Having made it almost exactly halfway through her maiden Budget, the UK’s first female Chancellor was beginning to find her [...]
Billionaire tech entrepreneur joins non-dom exodus May 28, 2025 The billionaire founder of one of Britain’s top fintechs has quit the UK for Monaco, becoming the latest super-rich foreigner to flee the government’s crackdown on non-doms. Guillaume Pousaz, who started payments firm Checkout.com in 2012, changed his country of residence to the France-adjacent tax haven in April, according to Companies House filings, to avoid [...]
Firms delay tax payments as costs soar May 19, 2025 Unpaid business tax liabilities are averaging as much as £28bn a month this year, official data has revealed, suggesting firms are struggling to keep up with mounting costs. Chancellor Rachel Reeves’ £40bn tax hikes last autumn, including rises to employers’ national insurance contributions, were designed to lift the public finances and reduce borrowing. But new [...]