The article discusses The Independent's commitment to delivering crucial news during pivotal moments like US reproductive rights protests, while highlighting an alarming report about the exodus of millionaires from the UK. According to a study by the Adam Smith Institute, last year saw a sharp increase in high-net-worth individuals leaving the country, primarily due to Labour's tax hikes and a general decline in business sentiment. This exodus equates to a significant loss in potential income tax revenue, drawing a stark comparison to a larger number of average taxpayers leaving.
The exodus of 10,800 millionaires last year mirrors losing half a million taxpayers, driven by Labour's tax policies and declining business confidence.
Each millionaire who left the UK would have contributed at least £393,957 in income tax annually, highlighting the economic impact of their departure.
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