The high tax regime in Britain has contributed to the number of millionaires in the country falling to its lowest level since the 2008 financial crash, a think tank has found.
The “millionaire tracker” from the Adam Smith Institute think tank reported this week that the number of millionaires located in the United Kingdom fell to 442,000 in 2025. This represented a seven per cent decline from the previous year and the lowest figure since the financial crisis.
The tracker, which relies on data from the British government’s Office for National Statistics (ONS), records the number of UK adults with a net worth of at least £1 million ($1.33m), including...
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