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Britain's Millionaires Flee UK

This is a UK news story, published by MSN, that relates primarily to Wright news.

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wealth creators

Telegraph

Telegraph

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World

World

Britain has a millionaire problem – here’s what it can learn from America

Telegraph

Summary

Nutrition label

75% Informative

There were an estimated 55,667 millionaires with assets of more than $10 m living in the UK in 2024 .

This was an increase of just 515 less than 1pc on the year before .

America is home to almost 39pc of the world population with more than 7.7 m.

Europe experienced growth of just 1.4pc, to 343,176 .

The lack of retail investing culture in the UK could also be stopping individuals hitting their financial potential, says Mr Wright .

“In large, we are a nation of passive savers, whereas our American counterparts embrace greater risk and have a culture of investing,” he says.

VR Score

79

Informative language

78

Neutral language

23

Article tone

semi-formal

Language

English

Language complexity

43

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

https://www.telegraph.co.uk/money/tax/non-dom-tax-status-what-rules-changing-uk/https://www.telegraph.co.uk/customer/secure/newsletter/?urlPath=front-page&WT.mc_id=tmgoff_syndicate_main_newsletter-signup-Front-Page&utm_source=tmgoff&utm_medium=tmgoff_syndicate&utm_content=main_newsletter-signup&utm_campaign=tmgoff_syndicate_main_newsletter-signup-Front-Page https://www.telegraph.co.uk/money/tax/quitting-high-tax-britain-expat-most-money-dubai-switzerland/https://www.telegraph.co.uk/money/tax/non-doms-leaving-britain-tax/https://www.telegraph.co.uk/money/tax/young-wealthy-people-leaving-uk-1970s-brain-drain/https://www.telegraph.co.uk/money/tax/how-to-move-your-money-to-america-escape-high-tax-britain/https://www.telegraph.co.uk/news/2025/01/18/one-millionaire-leaves-britain-every-45-minutes-labour/https://www.telegraph.co.uk/money/tax/income/where-uk-wealthiest-fleeing-before-budget-mapped/

Source diversity

1

www.telegraph.co.uk

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