Flight of the ultra-rich: UK sees sharpest drop in billionaire residents

Policy shift blamed for slump in £5mn-plus deals and mounting pressure on Treasury purse strings.

The spring statement contained no nasty surprises for the property sector, but it failed to address concerns about the government’s tight financial headroom, explains Knight Frank's head of UK resi research.

Government under more pressure to rethink non-dom crackdown as research reveals scale of HNW 'exodus'.