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Thursday, June 26, 2025

‘Britain has gone to hell’: UK’s ninth richest man moves business out of London

Business'Britain has gone to hell': UK’s ninth richest man moves business out of London



The oil tanker magnate, whose wealth was estimated at around £13.7 billon in this year’s Sunday Times Rich List, is the latest in a series of wealthy foreign-born London residents who are quitting the UK – or at least loosening their links – because of Labour’s scrapping of the non-dom tax regime and their disillusion with Britain’s poor economic prospects.



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