Three-quarters of UK millionaires would be happy to pay more tax, research finds
Summary
Most UK millionaires are proud to live in Britain, and about three-quarters say they would be willing to pay higher taxes to support public services. A survey found they are more worried about doctors and young people leaving the country than wealthy individuals moving abroad.Key Facts
- 88% of UK millionaires said they are proud to live in the UK.
- 75% of millionaires would accept paying more tax to fund public services.
- 64% want higher taxes on the wealthiest people’s capital and assets.
- Only 9% of millionaires worry most about rich people leaving the UK.
- More concern is on doctors leaving (43%), young people (19%), and business owners (19%).
- Over 4,000 doctors left the UK in 2024, the highest number in 10 years.
- Around 257,000 British people left the UK in 2024, but 143,000 returned.
- The claim that many millionaires are leaving the UK is overstated; only 0.5% of millionaires emigrated last year.
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