Government tax reform sees company directors head for havens – FT analysis

SINCE the UK Government's introduction of stringent tax hikes on the wealthy in its inaugural Budget last autumn, a significant number of company directors have left the UK.

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This has heightened concerns over a potential mass exodus of Britain's wealthiest residents.

An examination of Companies House data reveals that between last October and the previous month, 3,790 company directors changed their official country of residence from Britain.

This marks a sharp increase from the 2,712 who did so during the same period the year before.