Started 18 - 9 months ago. Frequency is increasing.
Politicians were betting they could raise taxes on non-doms and they still wouldn't leave.
Milan (Italy has a flat rate payment), Switzerland, Jersey, Monaco, Dubai. These are the ‘hot opportunities’ for them.
There are non-doms, and also ‘shadow non-doms’ which are not really on the radar but if they leave, some of them are the richest, so the country loses liquidity and taxes.
London is a significant financial hub, and people are coming to London, but people are also leaving. Push and pull factors.
US high net worth, some are considering moving to UK. US has global taxation anyway.
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