UK investors split over wealth tax introduction

News Team, 19/01/2021

UK investors are split as to whether a wealth tax should be introduced.

A survey of 885 UK investors conducted by Butterfield Mortgages Limited (BML) found 52 percent are against the introduction of a wealth tax in the UK.

For those with investment portfolios worth over £50,000, the figure rises to 60 percent. While 55 percent feel it would dry up overseas investment into Britain.

A third (35 percent) said they would relocate investments to non-UK assets if the tax was brought in.

Alpa Bhakta, chief executive of BML, said the government was "rightly" looking for ways to address the public debt that ...

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