Business
Britain's billionaire exodus deepens as super-rich depart over tax and policy
October 7, 2026 at 01:04 PM · Updated 9d ago
Coverage
3 reports · 1 in Arabic, 2 in English · over 10 hours
TGThe Guardian
‘I reside in Monaco’: billionaire said to have quit UK over potential wealth tax had already left
(opens the publisher’s site)
يواليوم السابع
بريطانيا لم تعد «ملعبا للمليارديرات».. نزوح جماعى للأثرياء.. ما القصة؟
(opens the publisher’s site)
TGThe Guardian
Apparent exodus of super-rich suggests UK is no longer billionaires’ playground
(opens the publisher’s site)An analysis found UK-resident billionaires worth £121bn combined have left Britain or loosened ties to it since Labour won power in 2024.
- Property tycoon David Reuben, 88, has left the UK for Monaco, with tax thought to be a factor in his departure.
- An analysis of Bloomberg's Billionaires Index found UK-resident billionaires worth £121bn combined have left or loosened ties since Labour's 2024 victory.
- Financier Ben Goldsmith blamed Labour's stricter tax regime for driving out Britain's highest-rate taxpayers.
- Sir Jim Ratcliffe said he understands why the rich are leaving, describing the UK as "on the slide."
- TaxWatch said David Reuben has been resident in Monaco since 2014, contradicting claims he left over Labour's wealth taxes.