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Britain's second-richest man quits UK for Monaco - with Labour blamed

First reported 4 Oct, 00:02 UTCUpdated 40m ago2 sources

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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…

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  1. Daily MailRightGBMixed factuality
    Britain's billionaire exodus continues as property tycoon and Newcastle United shareholder moves to Monaco (opens Daily Mail in a new tab)

    David Reuben, who is also overseeing £1billion in restorations to London's landmarks, moved to Monaco this summer where there is no tax on income, capital gains or inheritance.

  2. GB NewsFar RightGBMixed factuality
    Britain's second-richest man quits UK for Monaco - with Labour blamed (opens GB News in a new tab)

    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…

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