Britain lost 10.800 millionaires in 2024, The Times reports. That's a 157% jump on 2023. The exodus comes after Keir Starmer's government confirmed plans to scrap the country's non-domicile tax regime, which has significant benefits but only for wealthy individuals, local media reported.

We talk to journalist Zhaneta Skerlev, a correspondent for the Free Press from London.

– There was talk during the elections that this would happen, more precisely, mainly the rich announced: “If Labor wins, we will leave”. And now many are wondering, so what did Labor do so wrong to the rich?! We immediately came to the answer, which is that there is no more tax evasion. Many have funds outside the country in the so-called “tax havens”, where, I don’t know, on various islands, whether it was the Virgin Islands or not, but they have their own companies, offshore companies there. And they use that when they run some kind of business or when they buy something, they don’t pay tax. Now Labor has decided to deal with this topic more seriously and has already announced that there will be no forgiveness – says Skerlev.

Unlike before, when in the case of a tax offense there was a warning, today there are fines.

– Thanks to the action of the Labour government and thanks to the so-called whistleblowers who will occasionally reveal documents like the Panama Papers, we have learned that our former Prime Minister Tony Blair also avoided paying £312.000 in tax in the country. The irony is all the greater that when Tony Blair ceased to be Prime Minister, he and others like him, such as Boris Johnson, began giving speeches around the world, including Macedonia, and charging handsomely £800-900 thousand each – says Skerlev.