Overview

• Henley Private Wealth Migration Report forecasts a net loss of 9,500 millionaires from the UK in 2024.
• This exodus is more than double the 4,200 millionaires who left in 2023, which was already a record high.
• Political instability and upcoming tax reforms by the Labour Party are major contributing factors.
• The UK has seen an 8% decline in its millionaire population over the past decade, contrasting with growth in other major economies.
• Globally, 128,000 millionaires are expected to relocate this year, with China and the UK experiencing the highest outflows.