Wealth Exodus From U.K. Speeds Up Over Labour’s Non-Dom Tax Raid
5th April 2025
The exodus of wealth from Britain has accelerated since the turn of the year, fuelling fears that the abolition of the non-domiciled tax regime will wipe billions of pounds from the economy.
Inquiries about moving overseas were nearly three times higher in the first three months of this year compared with the same period last year, claims Henley & Partners, which offers global relocation services.
The company said the exodus was being led by non-doms before their privileged tax status ends this weekend. But wealthy entrepreneurs were also heading for the exit.