Millionaires Flee UK in Record Numbers Since Left-Wing Labour's Election Win – EVOL

British millionaires are fleeing the country in record numbers since Sir Keir Starmer’s left-wing Labour Party claimed last year’s election win and set out in socialist fashion to try and tax the country into prosperity.

Turmoil in bond markets and warnings from businesses has raised further concerns about Labour’s punitive tax plans while moves to remove the non-domiciled tax regime that allows people to keep non-UK income in a foreign country, in exchange for a fee, is also being blamed.

LBC reports some 10,800 people with liquid assets of over $1 million left the country in 2024, an increase of over 150 percent on 2023, in a move predicted not long after Starmer moved into Number 10 Downing Street.

A total of 78 centi-millionaires (people with $100 million or more) and 12 billionaires departed the UK last year, according to New World Wealth, a research firm.

The news, coming on the back of recent turmoil in bond markets and warnings from businesses, has raised further concerns about Labour’s push to punish the rich will also hitting farmers, old age pensioners, and everyday taxpayers with a host of penalties.

Millionaires are mostly moving to other European countries such

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