UBS Predicts Decrease in Wealthy Population in the UK Over Next Decade

Wednesday, 10 July 2024, 17:50

A recent report by UBS projects a significant decrease in the number of millionaires in the UK by 2028. The outlook for the wealthy in Britain appears alarming, with factors such as the flight of 'non-doms' contributing to this trend. Despite some positive indicators, the overall forecast indicates a challenging period for affluent individuals in the UK leading to a potential decline in their numbers over the next decade.
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UBS Predicts Decrease in Wealthy Population in the UK Over Next Decade

UBS Report Highlights:

A recent report by UBS projects a decline in UK millionaires by 2028.

Factors Contributing to the Trend:

  • The flight of 'non-doms' is identified as a significant factor.

Despite some positive indicators, the overall forecast indicates challenges for the wealthy in Britain.

This trend may lead to a decrease in the number of affluent individuals in the UK over the next decade.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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