“In America they applaud people who create wealth,” Sir Jim added. “Unfortunately the UK has got a bit of a green eye towards wealth at the moment.”

Rachel Reeves axing of the “non-dom” system, a status that allowed individuals to only pay tax on income generated in the UK, is blamed for many of the exits.

I say good riddance. Most of them were tax dodgers who likely weren’t paying much tax anyway.

Whole you’re at it, tax people who own stuff in the UK from abroad too, so that they can’t profit from abroad.

Earlier this year Gary Linekar and over 100 other British millionaires asked prime minister Andy Burnham to increase their wealth tax as they can “afford it”.