More than 10,000 millionaires have left Britain in the past year, according to analysts. Taxes, the dominance of the US and Asia in the tech sector, the declining importance of the London Stock Exchange, and the deteriorating health system are potential drivers of the exodus. The UK lost a net 10,800 millionaires in 2024, while the figure was 4,200 in 2023. China lost more wealthy residents than the UK in that period. Paris, Dubai, Amsterdam, Monaco, Geneva, Sydney, and Singapore are among the top destination cities for millionaires leaving the UK.
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