One millionaire leaves Britain every 45 minutes under Labour

In 2024, the UK lost 10,800 millionaires, significantly higher than the previous year's 4,300. This equates to approximately 30 millionaires departing daily.

The exodus coincides with Labour's plans to change tax laws that benefit foreign investors. Jason Hollands of Evelyn Partners stated that the country's approach seems “hostile to wealthy people.” The number of high-net-worth individuals leaving increased by 157%. Only China experienced greater capital flight during this period. The data highlights concerns about the UK's attractiveness to wealthy individuals amid political shifts.