Lakshmi Mittal’s in the news as UK wealth flight ramps up, with many millionaires, including his son Aditya, eyeing UAE for tax reasons.
High-profile UK billionaires and entrepreneurs are relocating abroad due to recent tax reforms, including inheritance and non-domicile rules. The departure of figures like Lakshmi Mittal and others highlights concerns over a growing brain drain and economic impact ahead of the upcoming Labour budget.