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Trumponomics
In the City: Why the Super Rich Are Thinking of Leaving the UK
Sep 14, 2024
Katherine Griffiths, an editor, shares insights into the anxieties of the UK's ultra-wealthy. Ben Stupples, a reporter, discusses escalating concerns about tax changes driving the super-rich to consider leaving the UK. They delve into the implications of inheritance taxes and private equity, and how Brexit has shifted non-doms' perspectives on relocation. With economic uncertainty looming, they highlight the delicate balance the government must maintain between supporting local businesses and addressing the needs of high-net-worth individuals.
22:19
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Quick takeaways
- The UK's ultra-wealthy are increasingly anxious about potential tax reforms, prompting discussions on relocation to safeguard their wealth.
- The Labour government's struggle to balance tax fairness with the needs of high-net-worth individuals could have significant economic ramifications.
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