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Britain is losing ground as a destination for the ultra-wealthy. Knight Frank’s latest Wealth Report shows the UK is trailing the US and several European countries in attracting and retaining individuals with more than $30m in assets. While the global number of ultra-high-net-worth individuals has risen sharply, growth in Britain has been comparatively weak. The report points to the abolition of non-dom tax status, wider tax rises and growing competition from low-tax centres such as Dubai as key

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