Labour's wealth tax is causing millionaires to FLEE Britain

Labour's wealth tax is causing millionaires to FLEE Britain

W
WAN NEWS
Jun 26, 2026

Andy Burnham is reportedly considering a series of major economic changes, including higher capital gains tax, an exit tax for wealthy people leaving Britain, and new measures aimed at tackling regional inequality.

In this interview, leading market analyst Justin Urquhart Stewart gives his verdict on Labour's economic direction, warning that higher taxes, welfare expansion and anti-wealth policies risk driving investment overseas and damaging Britain's long-term growth.