City Of London
Millionaires Continued to Flee Post-Brexit Britain in 2022
- Henley & Partners report shows net outflow of 1,400 HNWIs
- Departures come as Brexit’s economic toll comes into view
The City of London square mile financial district of London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The UK saw a net outflow of more than 1,000 high-net-worth individuals in 2022, as post-Brexit departures continue amid a turbulent political climate and creaking economy.
A new report from the citizenship advisory firm Henley & Partners found there was a net outflow of 1,400 people with a wealth of $1 million or more from the UK in 2022. That compares to 2,200 in 2019, 2,800 in 2018 and 4,200 in 2017.