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Story summary
- Prime Minister Andy Burnham is weighing a 2% wealth tax on assets over £10 million.
- British millionaires have fallen to their lowest level in nearly two decades.
- The 2025 Henley report recorded 16,500 departing millionaires worth about $91.8 billion.
- The outflow caused a 9% decline in the UK’s millionaire count over the decade.
- Business Secretary warned last November that billionaires and doctors might leave after Rachel Reeves’ budget.