Reasons for Leaving London

33sec Snip

00:00

Play full episode

Summary

Transcript

Episode notes

People are leaving London not only due to the abolition of the Nondom regime, but also because of other factors like Brexit, security concerns in London, and the prevailing fiscal and political instability. A billionaire businessman mentioned shifting his tax residency to Abu Dhabi, attributing the decision to Brexit and the UK government's failure to make the country like Singapore as promised, likening it instead to Belarus.

Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leaving the country, and Brazilian financial markets have been performing poorly. Plus, the FT’s Tim Bradshaw explains whether Nvidia is on a crash course similar to some of the dotcom darlings from the 2000s tech bubble.

Mentioned in this podcast:

Chinese companies seek assurances from Malaysia over US tariffs

Can Nvidia stay at the heart of the new AI economy?

Wealthy foreigners step up plans to leave UK as taxes increase

Brazilian markets hit by investor worries over Lula’s spending plans

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.