Wealthy entrepreneurs are moving from the UK to other countries in the European Union (EU), the Middle East and Asia.
| 12,000 millionaires have left the UK since Brexit. Photo: Jason Alden. |
British media recently reported that more than 1,000 millionaires have left the country in 2022, according to a study by investment migration consulting firm Henley & Partners.
Specifically, 1,400 individuals with assets of more than one million USD have left the UK in 2022. These latest migrations have continued the trend following the UK vote to leave the EU (Brexit) in 2016. Specifically. , the number of millionaires who left the UK in 2017, 2018 and 2019 was 4,200, 2,800 and 2,200 respectively.
Theo BloombergHenley & Partners estimates that following Brexit a total of regarding 12,000 millionaires have left the UK, although before this country was home to the majority of net capital from individuals.
According to Stuart Wakeling, head of the Henley & Partners office in London, Brexit is showing very real long-term consequences. “We have seen an increasing inflow from wealthy British citizens. They are seeking to regain their position by obtaining residency or citizenship in other EU countries through investment,” Mr. The Times.
Many millionaires are looking to the Middle East and Asia – promising destinations for resettlement – to replace Britain. In 2022, the United Arab Emirates (UAE) saw an unprecedented number of millionaires flock to the country.
A recent study by the Center for European Reform also found that Brexit has cost the UK economy around £33 billion (equivalent to £33 billion). 40 billion USD).