The exodus of wealth from Britain has accelerated since the turn of the year, fuelling fears that the abolition of the non-domiciled tax regime will wipe billions of pounds from the economy.
Inquiries about moving overseas were nearly three times higher in the first three months of this year compared with the same period last year, claims Henley & Partners, which offers global relocation services.
The company said the exodus was being led by non-doms before their privileged tax status ends this weekend. But wealthy entrepreneurs were also heading for the exit.
Last year Britain lost a net 10,800 dollar millionaires
ALEXANDER SPATARI/GETTY IMAGES
From Monday, most non-doms will have their worldwide earnings subject to UK tax for the first time after Labour announced changes last year.
A new analysis based on an updated assumption about the
