Overview

• Rob Carlin said he is accelerating plans to relocate abroad after concluding that recent tax reforms have driven families and entrepreneurs out of Britain.
• Mount St Mary’s College and Barlborough Hall entered administration after 183 years, blaming the introduction of VAT on fees and the removal of business rates relief on independent schools.
• Downing Street highlighted that UK Export Finance backed Carlin’s Superior Wellness with a £2.3 million facility to boost exports in America, Europe and the Middle East.
• The Henley Private Wealth Migration Report projects that up to 16,500 millionaires could leave the UK this year as rising levies and falling confidence take hold.
• HM Treasury has questioned the methodology of the Henley report even as Bloomberg data shows more than 4,400 business leaders disclosed overseas moves in the past year.