Read today that 10,800 millionaires left the UK in 2024 which is equivalent in tax take for the government to half a million average tax payers. I don't think that factors in their reduced reliance on public services either.
Do you think this is concerning in terms of investment & spending in our economy?
I understand the moral arguments for the wealthy paying more tax but if so many are leaving, will it practically leave us worse off?
Curious to see what people think