Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
'Lakshmi Mittal quits UK ahead of likely tax on super-rich'
Mint Kolkata
|November 24, 2025
Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and aregular on the country’s richest billionaires tally, has decided to quit the UK as the Labour Party-led government's feared tax shakeup for the super-rich nears, according to a UK media report on Sunday.
Rajasthan-born Mittal is a resident in Switzerland for tax and will now spend much of his future in Dubai, according to ‘The Sunday Times’.
The founder of ArcelorMittal steelworks is worth an estimated 15.4 billion pounds as per the 2023 ‘Sunday Times Rich List’, which ranked him the UK’s eighth richest man.
Now, the newspaper references sources close to the 75-year-old industrialist to claim he has become the latest billionaire to leave the UK ahead of a much-anticipated Budget by Chancellor Rachel Reeves on Wednesday.
This story is from the November 24, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
The Middle East grapples with the downsides of a Trump deal with Iran
For Israel and the Gulf, the risk is an emboldened Iran after U.S. forces leave
6 mins
May 25, 2026
Mint Kolkata
Choosing lower volatility with debt funds
Mutual funds have become a popular option for many investors. However, comprehensive due diligence must be undertaken before investing.
1 mins
May 25, 2026
Mint Kolkata
India advises against travelling to Congo, Uganda amid Ebola surge
India issued an urgent advisory on Sunday, directing citizens to avoid non-essential travel to the Democratic Republic of Congo (DRC), Uganda, and South Sudan.
2 mins
May 25, 2026
Mint Kolkata
Centre asks states to prepare for heatwave
The Union health ministry has directed all states and Union territories to be operationally prepared to face an above-normal number of heatwave days, as predicted by the India Meteorological Department (IMD), to reduce public health risks and preventable deaths.
1 min
May 25, 2026
Mint Kolkata
Alternative investors eye SMEs ahead of mainboard migration
Major alternative asset firms are devising strategies to invest in small- and medium-sized enterprises (SMEs), aiming to capitalize on liquidity differences when firms move from junior exchanges to mainboards.
2 mins
May 25, 2026
Mint Kolkata
Sebi may rejig margin rules to counter new-age risks
India’s market regulator is evaluating a broad revamp of the country’s margin framework for both cash equities and derivatives trading as it looks to align risk management systems with today’s market structure, according to three people aware of the development.
2 mins
May 25, 2026
Mint Kolkata
Andhra baby incentives: dismal odds of success
India’s first big state with a plan to arrest its population decline is aiming to defy a global record of demographic policy failure. Can cash handouts and promises beget a baby boom?
2 mins
May 25, 2026
Mint Kolkata
One of the most famous motivational stories is a myth
When motivational gurus say ‘believe in yourself,’ they mean delude yourself. But it works.
4 mins
May 25, 2026
Mint Kolkata
Govt expands fuel dispenser testing
The consumer affairs ministry has amended legal metrology rules to allow government-approved testing centres (GATCs) to verify hydrogen, LPG, LNG and CNG fuel dispensers, expanding the country’s measurement oversight framework as cleaner fuel adoption grows.
1 min
May 25, 2026
Mint Kolkata
War, weaker rupee hit India’s travel firms as demand eases
Online travel giants like MakeMyTrip, ixigo, Yatra see dip in air ticketing revenue
3 mins
May 25, 2026
Listen
Translate
Change font size