Tuesday 27 October 2026 4:46 am  |  Updated:  Monday 26 October 2026 5:10 pm

Does the government realise the rich aren’t leaving on a whim?

By: Yorke Eaton

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From experience advising high net worth individuals, the “exodus of wealth” is rarely a decision taken lightly, writes Yorke Eaton 

Much has been reported about the departure of wealthy individuals from the UK and the impact this will have on tax revenues. A recent analysis suggested that ultra-high net worth residents collectively worth £121bn have either left or loosened their ties to the UK in recent years. Tax changes and uncertainty about what’s to come have often been cited as factors behind the trend.

From experience advising high net worth individuals, the “exodus of wealth” is rarely a decision taken lightly. For anyone seriously entertaining the idea, the process tends to begin months, or even years, before anyone boards a plane. And, contrary to popular opinion, it is not always the tax they face........

© City A.M.