Britain's second-richest man quits UK for Monaco - with Labour blamed
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The UK's second-richest man has become the latest billionaire to leave Britain, following Rachel Reeves' abolition of the "non-dom" regime.David Reuben, the 88-year-old property magnate and Newcastle United shareholder, relocated to Monaco this summer, which has no income tax, no capital gains tax and no inheritance tax.Together with his younger brother Simon, 85, the pair ranked second on this year's Sunday Times Rich List, with their joint fortune estimated at close to £28billion.A spokesman for the Reubens confirmed David's move but offered no further comment.
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TRENDING Stories Videos Your Say Simon has resided in Monaco for the best part of four decades after initially moving there on health grounds while battling cancer.Even prior to Mr Reuben's move, approximately £77billion, representing more than a tenth of the total wealth included in this year's Rich List, was held by British citizens already residing in Monaco.That figure exceeds the combined wealth controlled from...
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