The UK is projected to lose more millionaires in 2025 than any other country, with forecasts indicating a loss of 16,500 individuals. This represents a significant increase from the previous year’s estimates and highlights the growing concerns about the UK’s high-tax environment and economic competitiveness. Wealth migration experts suggest the trend reflects a perception among the wealthy that other jurisdictions offer better opportunities and stability, which could lead to substantial economic consequences for the UK as they take their tax contributions and spending elsewhere.
"The greater the net worth, the higher the tax contribution - not to mention consumer spending, employment, capital investment, VAT and philanthropy."
"It reflects a deepening perception among the wealthy that greater opportunity, freedom and stability lie elsewhere."
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