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Business · 1 hour ago

Wealthiest Brits moved £121bn overseas since 2024

Wealthiest Brits moved £121bn overseas since 2024

More than half of the fortunes held by the country's wealthiest people have relocated overseas since 2024. The Labour government triggered these departures by announcing stricter rules, including a mansion tax on properties valued above £2m. Business figures like property tycoon David Reuben and hedge fund manager Chris Rokos are swapping Britain for low-tax countries.

Reported by City AM · How we write briefs

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