London
To discover
Pension reform: calculate the age at which you will finally leave
The UK is no longer the haven it used to be for the 'super-rich'.
The
Telegraph
goes so far as to headline
"the exodus of millionaires"
from a country that has lost its luster and attractiveness.
According to a study by Henley & Partners,
more millionaires now emigrate from the UK than arrive there.
Some 12,000
"high net worth people"
- those with assets and cash of more than $1 million - are said to have left London since 2017. And more than 1,500 others have also had to desert the kingdom in 2022.
Experts are alarmed at a consequent reduction in the country's tax revenue, which will mean higher taxes on ordinary households to fill the void.
However, Britain has long been seen as an El Dorado for the wealthy, with its generous tax advantages, a simple visa system and solid economic prospects.
But tougher taxes, more restrictive immigration rules and the political and economic uncertainties linked to Brexit would encourage the wealthy to put their money elsewhere.
Andrew Amoils, analyst of New World Wealth, makes the same observation of disaffection of the big fortunes for the United Kingdom.
They would refer to countries that offer generous tax regimes, such as Greece, Portugal and Switzerland.