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flag Billionaire Lakshmi Mittal is moving from the UK to Dubai, citing Labour’s tax reforms targeting the wealthy.

flag Billionaire steel magnate Lakshmi Mittal, worth £15.4 billion, is leaving the UK for Dubai, citing the Labour government’s tax reforms targeting the wealthy, including ending non-dom status and expanding inheritance tax to global assets. flag Though not primarily driven by income or capital gains tax hikes, Mittal’s decision reflects growing concern among high-net-worth individuals about the UK’s shifting tax environment. flag His move follows similar relocations by other billionaires and highlights tensions over fiscal policy, economic competitiveness, and retention of top talent post-Brexit.

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