{"id":244578,"date":"2025-11-05T03:30:20","date_gmt":"2025-11-05T03:30:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/244578\/"},"modified":"2025-11-05T03:30:20","modified_gmt":"2025-11-05T03:30:20","slug":"income-tax-rise-could-cause-a-fresh-wave-of-brits-to-move-abroad","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/244578\/","title":{"rendered":"Income tax rise could cause a fresh wave of Brits to move abroad"},"content":{"rendered":"<p>\t\t\tTuesday 04 November 2025 2:48 pm<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tTuesday 04 November 2025 2:49 pm\n\t<\/p>\n<p>\t\t\tShare<\/p>\n<p>\t\t\t\t\t\tFacebook\t\t\t\t\t\tShare on Facebook\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tX\t\t\t\t\t\tShare on Twitter\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tLinkedIn\t\t\t\t\t\tShare on LinkedIn\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tWhatsApp\t\t\t\t\t\tShare on WhatsApp\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tEmail\t\t\t\t\t\tShare on Email\t\t\t\t\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/11\/GettyImages-1431041604-1.jpg\" class=\"media \" alt=\"GettyImages 1431041604 showing business professionals discussing market trends in a conference room with charts in the bac...\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tDubai has been a popular destination for people leaving the UK\t<\/p>\n<p>Income tax rises in the upcoming Budget would force an increased number of Brits to consider a move abroad, a leading international removal company has warned, adding that hiking the tax would lead to \u201ca great Q4 for companies like mine.\u201d<\/p>\n<p>Speculation surrounding a rise in income tax in Chancellor Rachel Reeves\u2019 November Budget has gathered speed in recent weeks, with discussions surrounding a tax rise reportedly underway.<\/p>\n<p>But <a href=\"https:\/\/johnmason.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">John Mason International <\/a>has warned that an increase to income tax would ultimately \u201cbackfire\u201d and result in an influx of people leaving the country in order to escape the UK economy \u201cdoomloop\u201d.<\/p>\n<p>Rumoured changes include a 2p rise in income tax offset by a cut in National Insurance, despite repeated promises from the government that it will not to break its manifesto pledge and raise income tax.<\/p>\n<p>Growing appetite to leave<\/p>\n<p>Simon Hood, director of John Mason International, said: \u201cThe economic conditions of the Chancellor\u2019s current dilemma aren\u2019t envied\u2026but this move would be ultimately counter productive.\u201d<\/p>\n<p>The Treasury have found themselves<a href=\"https:\/\/www.cityam.com\/exhausting-house-buying-process-damaging-the-economy-says-santander\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> increasingly limited<\/a> on capital raising options, due to the \u201ciron clad\u201d commitment to fiscal rules, coupled with previous failed attempts to fill the estimated \u00a320bn fiscal black hole.<\/p>\n<p>This included a U-turn on cuts to welfare spending and removing the winter fuel payment from pensioners.<\/p>\n<p>However, a number of businesses and think tanks have called on Reeves\u2019 to break the commitment in order to generate higher levels of revenue.<\/p>\n<p>Between 2020 and 2024, the international removal company has seen an average 30 per cent year on year increase in exports, with customers fleeing for the UAE, Qatar and United States in particular, as they are typically viewed by Brits as low-tax destinations.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/income-tax-raid-tops-brits-list-of-budget-fears\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Income tax raid tops Brits\u2019 list of Budget fears\u00a0<\/a><\/p>\n<p>In particular, the company has reported a wave of young people looking to leave at an accelerated rate.<\/p>\n<p>David Ozard, general manager of John Mason International, said: \u201cThe demographic of our clientele has shifted.<\/p>\n<p>\u201cA post-Covid mover is more likely to be an individual under 35\u2026this is something we\u2019ve always catered to but never at the rate we\u2019re seeing in 2025.\u201d<\/p>\n<p>Among reasons cited for leaving, young people credited the inability to get on the housing ladder, due to the increase in both house and rent prices, and hiked taxation.<\/p>\n<p>Hood said: \u00a0\u201cThe only thing raising income tax would achieve is a great Q4 for relocation companies like mine.\u00a0<\/p>\n<p>Measures like this are reinforcing the perception that the UK isn\u2019t a hospitable place for growth, and makes Brits start to believe that the grass is in fact greener abroad.\u201d<\/p>\n<p>The tax trap<\/p>\n<p>While younger Brits are feeling pressure to escape, pensioners are also suffering from the income tax trap, despite not considering themselves wealthy.<\/p>\n<p>According to a freedom of information request from HMRC by Interactive Investor, 77,000 <a href=\"https:\/\/www.cityam.com\/the-tax-trap-catching-thousands-of-working-pensioners\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">pensioners<\/a> found themselves paying 60 per cent income tax last year, up from just 34,000 three years ago.<\/p>\n<p>It was also a 13 per cent jump from the 2023\/24 financial year where 68,000 working pensioners were also slapped with a large tax bill.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/rachel-reeves-plans-another-nic-tax-raid-at-november-budget\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Rachel Reeves plans another NIC tax raid at November Budget<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n<p>\t\t\tRelated Topics\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Tuesday 04 November 2025 2:48 pm \u00a0|\u00a0\u00a0Updated:\u00a0 Tuesday 04 November 2025 2:49 pm Share Facebook Share on Facebook&hellip;\n","protected":false},"author":2,"featured_media":244579,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[52541,84,37621,1294,15635,1086,420,2053,50,102541,102542,4174,1445,474,56,72608,1893,735,54,55],"class_list":["post-244578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-autumn-budget","tag-business","tag-capital-gains-tax","tag-economy","tag-income-tax","tag-investing","tag-keir-starmer","tag-labour-party","tag-news","tag-non-doms","tag-november-budget","tag-personal-finance","tag-rachel-reeves","tag-tax","tag-uk","tag-uk-business-rates","tag-uk-economy","tag-uk-government","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/244578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=244578"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/244578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/244579"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=244578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=244578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=244578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}