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Ferrari Cuts UK Supply Amid Wealth Tax Exodus

10/17/2025

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Summary

Story summary

Ferrari has reduced its car supply to the United Kingdom due to a decline in demand linked to the Labour government's wealth-targeted tax reforms.
CEO Benedetto Vigna said many wealthy individuals are leaving the country for tax reasons, contributing to a 'stabilisation' in demand.
The measures include abolishing the non-dom tax status.
These changes have prompted high-profile departures.
Prices in London's luxury property market have fallen by up to 20%.

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Story summary

Ferrari has reduced its car supply to the United Kingdom due to a decline in demand linked to the Labour government's wealth-targeted tax reforms.
CEO Benedetto Vigna said many wealthy individuals are leaving the country for tax reasons, contributing to a 'stabilisation' in demand.
The measures include abolishing the non-dom tax status.
These changes have prompted high-profile departures.
Prices in London's luxury property market have fallen by up to 20%.