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Market
UK Government Countermeasures for Millionaire Exodus by Mid-2025?
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Resolution / Starting Odds
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UK government press releases or official statements
Story
UK Faces Largest Exodus of Millionaires Amid Labour's Tax Plans, 20% Decline Expected
Oct 8, 2024, 09:00 AM
The UK is facing a significant exodus of millionaires, with research indicating that the country will lose the greatest proportion of millionaires in the world over the course of this Parliament. The share of the population who are millionaires is expected to decline by 20% from 4.55% to 3.62% over the next five years. This anticipated decline is attributed to Labour's planned tax raids on non-doms, which have been criticized for driving talent and capital out of the country. Analysts warn that this could have long-term negative impacts on the government's ability to provide basic services and job opportunities.
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Increase domestic investments • 25%
Seek tax havens • 25%
Lobby for policy change • 25%
No significant change • 25%
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No • 50%
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Sells assets to cover taxes • 25%
Negotiates payment plan • 25%
Launches new projects for income • 25%
Other financial strategy • 25%