New index reveals Reeves' Budget has downgraded the value of a British passport

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"The latest annual Nomad Capitalist Passport Index has suggested that tax hikes have added obstacles to employ people and the abolition of non-dom status in the UK has harmed the country's reputation abroad. The index has revealed that the UK dropped 14 places from its position in 2024 of 21st to 35th. The fall is the biggest of any of the G7 countries with the UK overtaken by a string of European counterparts including Bulgaria, Greece, Romania, Czech Republic, Italy and Hungary."

The Independent deploys reporters across issues from reproductive rights and climate change to Big Tech, including investigations into Elon Musk's pro-Trump PAC and a documentary highlighting American women fighting for reproductive rights. Donations fund on-the-ground reporting and enable journalists to speak to both sides of stories. The Independent is trusted across the US political spectrum and does not use paywalls, offering free access to reporting and analysis funded by those who can afford it. The Nomad Capitalist Passport Index reports the UK's attractiveness for entrepreneurs and investors fell from 21st to 35th, the largest G7 decline after tax hikes and abolition of non-dom status, following a record 40bn tax rise in the first Budget in 2024.

Read at www.independent.co.uk