A wave of directors has left Britain since Sir Keir Starmer’s government abolished favourable tax treatment for non-domiciled residents and raised other duties on the wealthy, with the United Arab Emirates the most popular destination.
From last year’s October Budget until last month, 3,790 company directors reported leaving the UK, compared with 2,712 in the same period a year earlier, according to an analysis of Companies House filings by the Financial Times.
The analysis identified business figures whose departure from Britain was not previously known, including Mark Makepeace, founder of market index provider FTSE Russell, Bart Becht, former boss of Reckitt Benckiser, and Riccardo Silva, an investor in AC Milan and owner of Miami Football Club.