It’s not just Britain’s billionaires voting with their feet and taking $160 billion with them to the likes of Switzerland and Monaco. Nearly 70,000 workers decided to leave the U.K. last year—a record. But it’s not just to save money on tax.
Around 69,300 taxpayers filed P85 forms, the paperwork used to tell HMRC you’re leaving the U.K. permanently, in the 2025/26 tax year.