Millionaires to flee UK in record numbers
Briefly

The Independent emphasizes its role in providing accessible journalism on significant issues such as reproductive rights and climate change without paywalls. A recent report anticipates that the UK will see a record exodus of millionaires due to unfavorable tax reforms and economic conditions, with affluent individuals seeking better opportunities abroad. The CEO of Henley & Partners, Dr. Juerg Steffen, highlights that 2025 will be a pivotal year, marking a shift in millionaire migration patterns towards more favorable jurisdictions like the UAE and Malta, signalling concerns over economic competitiveness and stability in Europe.
The Independent is committed to delivering quality journalism free from paywalls, allowing broad access to critical news on pressing issues for all Americans.
Dr. Juerg Steffen notes that the current era marks a significant shift as Europe is leading the world in millionaire outflows for the first time in a decade.
Read at www.independent.co.uk
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