Is the UK going to introduce an exit tax?

Rumours are swirling that Rachel Reeves postponed the budget to work on the precursor of a wealth tax – an exit tax.

It’s quite hard to look at a wealth tax before making it hard for the wealthy to leave. The £20-40m new black hole in public finances needs filled some how and with a manifesto promise (which was already broken) not to raise income tax it’s hard to see how to fill the hole.

Other countries have introduced wealth and exit taxes and we will have to wait until late November to actually find out. Most people who were flirting with the idea of changing their tax residency need to be quite far down the planning process to make it work.

So if you were leaving where would you go?