Back to today’s briefing

Story perspectives

Labour's Tax Plans Spark Wealth Exodus to Dubai

10/12/2025

45 3

Summary

Story summary

The Telegraph's War on Wealth series reports Labour's tax plans for the rich are driving wealth to leave the UK, with Simon and Selena Barr, business owners, moving to Dubai.
They are among many high-net-worth departures since Sir Keir Starmer became Labour leader.
HMRC research suggests capital gains tax hikes could backfire, costing the Treasury billions, while Left of Labour advocates higher taxes on the wealthy.

1 of 1

Story summary

The Telegraph's War on Wealth series reports Labour's tax plans for the rich are driving wealth to leave the UK, with Simon and Selena Barr, business owners, moving to Dubai.
They are among many high-net-worth departures since Sir Keir Starmer became Labour leader.
HMRC research suggests capital gains tax hikes could backfire, costing the Treasury billions, while Left of Labour advocates higher taxes on the wealthy.