Story perspectives

UK Plummets to 35th in Nomad Passport Index

12/16/2025

Summary

Story summary

The United Kingdom dropped from 21st to 35th on the Nomad Capitalist Passport Index, the largest decline among G7 countries.
The decline is attributed to tax hikes and the abolition of non-domiciled status, reducing the UK's appeal to entrepreneurs and investors.
Khatia Gelbakhiani of Nomad Capitalist said Labour government policy choices have altered the UK's perception among globally mobile individuals.
The government focuses on cost-of-living issues.

History

Historical Context

Following the 2008 financial crisis, the UK implemented austerity measures in 2013, leading to significant tax reforms that affected investor sentiment. The Labour government's tax hikes and the abolition of non-domiciled status contributed to the UK's decline from 21st to 35th on the Nomad Capitalist Passport Index, potentially reducing foreign investment and prompting a brain drain of skilled professionals.

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Story summary

The United Kingdom dropped from 21st to 35th on the Nomad Capitalist Passport Index, the largest decline among G7 countries.
The decline is attributed to tax hikes and the abolition of non-domiciled status, reducing the UK's appeal to entrepreneurs and investors.
Khatia Gelbakhiani of Nomad Capitalist said Labour government policy choices have altered the UK's perception among globally mobile individuals.
The government focuses on cost-of-living issues.

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