Billionaires with £120billion to their names have fled high-tax Britain since Labour came to power and there could be worse to come, analysis has revealed.
Figures from the Bloomberg Billionaires Index laid bare the vast sums of money and assets behind the exodus of the super-rich over the past two years in what was described last night as ‘a disaster for the country’.
Analysis showed half the group – who have headed for destinations such as Switzerland, the United Arab Emirates and Monaco – fled in the weeks leading up to the introduction of sweeping tax reforms in April last year.
They included
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