There is growing concern among wealthy individuals in London due to the tax reforms proposed by Labor leader Keir Starmer.
Conservative media outlets, such as the Daily Telegraph and the Daily Mail, have reported on the anxiety among the affluent, suggesting that high taxes could prompt many millionaires to leave the UK in search of more favorable financial environments abroad.
Insiders and analysts are warning that these proposed changes may result in a significant loss of high-net-worth individuals, with estimates suggesting that Britain could see up to a fifth of its millionaires depart.
This situation has sparked discussions about the potential impact on the UK economy and the financial landscape, as the super-rich play a crucial role in investment and economic growth.