The Rich leaving UK

By Vijay Kumar

The richest of British have lost about a third of their wealth in the last year- about 155 billion pounds.

Lakshmi Mittal, the steel tycoon lost nearly 17 Billion pounds. But that still saw him as the richest with over a ten billion pounds.

To add to the misery of the poor rich of UK, it seems many of the Super Rich including Hugh Osmond, whose business empire spans insurance and pub chains, are planning to leave UK for better tax havens, especially in view of the 50p rate of income tax announced recently.