The United Kingdom is experiencing a record exodus of wealthy individuals, with approximately 16,500 millionaires expected to leave the country in 2025. This outflow is attributed to concerns over wealth taxes, including the non-domicile inheritance tax, which the UK government may reconsider in response to the departures. The departure rate equates to losing a tax-paying millionaire every 45 minutes, marking the largest single-year wealth departure ever recorded in the UK. The exodus is causing concern about the financial impact on taxpayers and political ramifications for the Labour Party. Globally, the United Arab Emirates (UAE) has emerged as a top destination for wealthy migrants, surpassing the UK, which previously attracted many of the world's richest people. Other popular destinations for millionaires include the Bahamas, Dubai, and Cyprus, with some wealthy individuals even seeking second passports to facilitate relocation. The trend highlights a broader shift in wealth migration patterns and raises questions about the UK's tax policies and competitiveness in attracting high-net-worth individuals.