Ultra-wealthy individuals in the UK have been fleeing the country, after sweeping Labour Party tax reforms led to a crackdown on overseas wealth. For the first time, new data from the Bloomberg Billionaires Index reveals just how much money is at stake with the exodus.

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg’s Benjamin Stupples about the UK’s $160 billion problem and the impact it could have on Britain’s economy.

Read more:
London Takes a Hit as Super Rich Worth $160 Billion Exit UK
“Taxation and Migration by the Super-Rich” (2025 CESifo Working Paper) 
Bloomberg Billionaires Index

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: Sarah Holder; Guest: Benjamin Stupples; Produced by Julia Press, Julia Weaver; Edited by Paddy Hirsch, Aaron Edwards; Engineering by Emma Munger.

Ultra-wealthy individuals in the UK have been fleeing the country, after sweeping Labour Party tax reforms led to a crackdown on overseas wealth. For the first time, new data from the Bloomberg Billionaires Index reveals just how much money is at stake with the exodus.
On today&rsquo;s Big Take podcast, host Sarah Holder talks to Bloomberg&rsquo;s Benjamin Stupples about the UK&rsquo;s $160 billion problem and the impact it could have on Britain&rsquo;s economy.
Read more:
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/features/2026-10-04/billionaire-exodus-from-uk-leaves-160-billion-hole?srnd=undefined">London Takes a Hit as Super Rich Worth $160 Billion Exit UK</a></li>
<li aria-level="1">&ldquo;<a href="https://www.ifo.de/en/cesifo/publications/2025/working-paper/taxation-and-migration-super-rich">Taxation and Migration by the Super-Rich</a>&rdquo; (2025 CESifo Working Paper)&nbsp;</li>
<li aria-level="1"><a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a></li>
</ul>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Host: Sarah Holder; Guest: Benjamin Stupples; Produced by Julia Press, Julia Weaver; Edited by Paddy Hirsch, Aaron Edwards; Engineering by Emma Munger.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

What Happens When the Billionaires Brexit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0ccbdaa0-4469-4aeb-8807-b4dd01482c6b/transcript