Who wants to flee ...a millionaire?

WHAT DOES it say about a country when its wealthiest are deciding to leave in droves? What does it say when these “have yachts” are prepared to sell up, move families from luxurious homes and children from their schools, simply to get away?

- 

And before any of you nurture the misguided and negative notion of suggesting we bid them all good riddance and label them as tax dodgers, bear in mind that in 2023 — the last year full figures are available — these so called “non-doms “ paid £8.9billion in tax into the country.

That’s a lot of nurses, teachers and police officers. And that is precisely the sort of amount of cash that will be lost to the Treasury now the Government's ill-conceived attack on the non-domicile tax status came into force last Monday.

Until then wealthy foreigners paid an annual fee of £30,000, but now their worldwide assets will be taxed at 40 per cent — among the highest on the planet.

This Marxist-style attack has seen London lose the highest proportion of millionaires anywhere in the world, save for Moscow.