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Why the Super Rich Are Thinking of Leaving the UK | In the City

Editor Katherine Griffiths and reporter Ben Stupples join to discuss the growing number of the UK's ultra-wealthy people considering an exit, what's driving them away and why the government should care. Why the Super Rich Are Thinking of Leaving the UK: On this episode, we discuss the growing number of ultra-wealthy people considering an exit, and whether the government should care. The super rich in the UK are worried. Before the general election in July, the Labour Party was courting the business community with praise for profits, success and wealth creation. Now the message from the government is much harsher, signaling an overhaul of the tax system as it seeks to clean up the budget mess left by the Tories. The result is unlikely to bode well for wealthy foreigners. On this week’s In the City, editor Katherine Griffiths and reporter Ben Stupples join hosts Allegra Stratton and Francine Lacqua to discuss how the nation’s richest residents are reacting to the government’s change in tone, whether they will choose to leave and whether Prime Minister Keir Starmer should even care. Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of In The City:    • In The City   #Bloomberg #Podcast #InTheCity Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter:   / podcasts   Visit our other YouTube channels: Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake   For coverage on news, markets and more: http://www.bloomberg.com/video