Published: Nov 28, 2025, 17:17 IST | Updated: Nov 28, 2025, 17:17 IST
The UK is experiencing a significant outflow of millionaires, with projections estimating 16,500 wealthy individuals will leave in 2025 due to factors like higher taxes and the abolition of "non-dom" tax status. These individuals are often relocating to countries with lower tax burdens and more favorable business environments, such as Dubai, Monaco, and Switzerland.