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Why are millionaires leaving London?
short by Sakshita Khosla / on Friday, 11 April, 2025
As per World's Wealthiest Cities Report published by Henley & Partners, more than 11,300 millionaires left London last year. As per experts, the "growing dominance" of Asia and US' lead in tech led to several entrepreneurs reconsidering their base. Brexit exacerbated the exodus, an expert said. Additionally, capital gains tax and estate duties in UK are among the world's highest.
read more at Republic World