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The Independent UK

Kate Devlin

UNCOVERED: Rachel reeves considers exit tax for wealthy britons fleeing the country - The Untold Story

Rachel Reeves Robert Jenrick United Kingdom Farage Budget

Extremely well-off Britons leaving the UK for tax havens face having to pay a charge as they depart under plans being drawn up ahead of this month’s crunch Budget.

The chancellor, Rachel Reeves, is reported to be considering slapping a 20 per cent “settling-up charge” on business assets left in the UK as she tries to fill a multibillion-pound hole in the nation’s finances.

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