Billionaires worth £120bn reported to have left Britain since Labour took power

Summarised from 2 outlets · Updated 6 Oct, 11:54 · Archive

More than a dozen billionaires have left the UK in recent years following Labour tax changes.

More than a dozen billionaires worth a combined £120 billion have reportedly left the UK over the past two years following tax changes introduced by the Labour government. Analysis revealed yesterday suggests there could be further departures to come.

Both outlets report the exodus occurred following a series of tax rises from Labour, though they do not provide details of which specific tax changes triggered the departures or name the billionaires involved.

Billionaires worth £120bn reported to have left Britain since Labour took power — Image: Evening Standard

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How it is being reported

Billionaires worth £120bn quit UK as Labour tax rises spark super rich exodusEvening Standard · 6 Oct, 11:31
Billionaires worth £120bn quit Britain as Labour tax hikes spark exodus of the super richDaily Mail · 5 Oct, 18:28

In this story: Labour · Britain · UK

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