# ANOTHER British multi-millionaire threatens to quit the UK – blaming Labour tax rises for plunging nation into ‘vicious downward death spiral’

- URL: https://talkfuse.com/story/another-british-multi-millionaire-threatens-to-quit-the-uk-blaming-labour-tax-rises-for-plunging-nation-into-vicious-downward-death-spiral/
- Published: 2026-11-07T13:55:41+00:00
- Updated: 2026-11-07T14:03:17+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16273911/British-multi-millionaire-quit-UK-Labour.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Government, Politics, UK, World

## Key points

- Andrew Thirkill says he may leave the UK over Labour’s tax policies.
- The article reports £120 billion in fortunes has left since 2024.
- The Treasury says new reliefs will support businesses.

## Summary

Andrew Thirkill, a multimillionaire business owner, says he may leave the UK because he believes Labour’s tax policies discourage entrepreneurs and success. His warning adds to debate about whether tax changes are prompting wealthy people to move abroad and what that could mean for investment and public finances.

Thirkill, co-founder of Sovereign Life and co-owner of Hull FC, is reported to be worth £175 million. The article says more than £120 billion in individual and family fortunes has left the UK since Labour won the 2024 election, and cites other wealthy people who have moved overseas. Labour’s critics say the changes risk driving away investment, while the Treasury says new tax reliefs are intended to help businesses start, grow and remain in Britain.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.