Corbyn win to trigger HNWIs exodus from UK

Pedro Gonçalves
clock • 2 min read

Some of the wealthiest in Britain are already planning their exit if Labour come to power next month, as Corbyn promises to "go after" the wealthy elite with new taxes, possible capital controls and a clampdown on private schools. Millionaires and billionaires are said to be deluging their lawyers and accountants with calls about how to smoothly move their assets overseas. The threat of a Labour government is more of a worry for them than a no-deal Brexit, according to advisers. "Lots of high-net worth individuals are worried about having to pay much higher taxes on their wealth and h...

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