A bigger carrot, not a smaller stick, is needed to lure back the wealthy Opinion Those who left the UK for wealth purposes are not yet thinking about coming back. If Healey wants the wealthy back, they'll need an incentive
Britain’s wealth exodus is only going to get worse Opinion Britain must compete to keep its wealthy as countries like Oman offer greater stability, lower taxes and less crime, says Damien Phillips In her speech to close the Conservative conference, Kemi Badenoch’s claim that Britain’s “super wealthy… have all gone” might have been a rhetorical flourish but the exodus of our millionaires is real and [...]
Healey is chasing away City professionals for very short-term gains Opinion Retaining the individuals who fund business expansion should be considered a national priority, but Healey looks more likely to drive them away.
HSBC set to axe UK wealth jobs as AI takes hold October 7, 2026 HSBC is putting a raft of roles in its UK wealth division on the chopping block following a push to slash costs with artificial intelligence. Europe’s biggest lender is consulting on changes to its wealth management operations that would lead to a shake-up for hundreds of relationship managers and financial advisers across the UK. The [...]
Monument Bank boss: Wealthy Brits in ‘fear’ ahead of punishing Budget October 5, 2026 Wealthy Brits are in a state of “fear” ahead of the forthcoming Budget, according to a London bank chief, as economic turmoil and speculation of more punishing tax raids ramp up. Ian Rand, the boss of Monument Bank, said affluent Brits were raising concerns over “certainty” and “getting things wrong” when attempting to protect their [...]
Britain loses over half its billionaire wealth in two years October 5, 2026 Britain has shed more than half its billionaire wealth in the past two years, fresh research has shown, reviving fears over the scale of the UK’s wealth exodus just days after it emerged that one of the country’s richest men has moved to Monaco. According to an analysis of the Bloomberg Billionaires Index, super-rich UK [...]
Wetherspoon boss Tim Martin attacks government’s ‘unfriendly’ attitude to business September 11, 2026 Wetherspoon boss Tim Martin has said he is “very concerned” by the wealth exodus gripping the UK as he hit out at Labour’s “unfriendly” attitude towards entrepreneurs. The pub tycoon said it is “madness” to blame the number of ultra-rich businesspeople leaving the country on anything other than the business conditions created by the government. [...]
One of Britain’s biggest taxpayers has left – who can replace Rokos? September 9, 2026 Christopher Rokos was Britain’s third largest individual taxpayer last year, handing over an estimated £330m. Now he’s moved to Greece and no British government seems to have a plan to replace that revenue, says Damian Pudner So, Chris Rokos is off to Greece. For those who don’t know the name, Christopher Rokos is one of [...]
Tax crackdowns means high net worth Brits continue to mull UK exit September 9, 2026 UK millionaires continue to keep their options open with a high percentage having considered leaving the UK over high taxes, according to a survey, deepening fears that the government has relied too heavily on the wealthy to boost receipts and fund higher expenditure. An in-house survey by the Wealth Club, which provides advice to rich [...]
Hedge fund billionaire Chris Rokos joins UK wealth exodus September 7, 2026 The hedge fund billionaire Chris Rokos has joined the ranks of ultra-wealthy residents in leaving the UK, in a decision likely to cost the government billions of pounds lost tax revenue. Rokos, the founder of his namesake investment firm Rokos Capital Management who paid more than £300m in tax last year alone, is leaving the [...]