We need to talk about Wexit: the UK's wealth exodus
Over the last few years, there’s been a steady rise in emigration from Britain. Both Wexit and a brain drain make this trend worrying.
If in doubt about the exodus of wealth leaving the UK, the place to check out is Heathrow’s departure lounge. One of London’s top wealth advisers says the place is crammed, and estimates that one millionaire is upping sticks every 45 minutes.
Another of London’s top wealth managers tells me he is locating to Zurich because that’s where his clients are now based while a rival is opening new offices in Dubai and Rome.