Millionaires, companies and their employees are leaving London

London, which has long been the economic and cultural center of Great Britain, is going through difficult times. A new tax regime targeting stateless people has led to the departure of about 10,000 millionaires in 2024. Gives details Profit.Ro .

At the same time, as CNBC reports, the high cost of living and the reassessment of lifestyle after the pandemic have led to an outflow of labor. More and more British companies are choosing to list abroad, and traditional financial districts such as the City or Canary Wharf have lost their attractiveness. So says Bill Blaine, a market strategist and former investment banker. He blames excessive regulation, political instability and the impact of Brexit on the UK's international image.

But other analysts argue that this is not a collapse, but rather a period of adaptation. Barret Kupelian, chief economist at PwC, emphasizes that London retains key assets such as the rule of law, infrastructure, diversity and quality of regulation. He is confident that business services make a significant contribution to exports, and the financial sector is adapting to the global situation. The PwC report says that although London will show steady economic growth in 2025, the city is inferior to other major cities in the UK in areas such as housing affordability and transport infrastructure.