Sky's Gurpreet Narwan speaks to one of South Africa's richest women who is reluctantly relocating back home from London after changes to the non-dom tax law - announced by Chancellor Rachel Reeves at the budget last autumn - came into force this April. A venture capitalist who has invested £500m in UK science and tech start-ups, Magda Wierzycka is threatening to take her future investments elsewhere, highlighting the footloose nature of some of London's wealthiest people and a challenge to the Treasury in raising tax. #tax #taxlaw #chancellor #budget SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
How worried should the government be about the super rich leaving the UK?
Sky's Gurpreet Narwan speaks to one of South Africa's richest women who is reluctantly relocating back home from London after changes to the non-dom tax law - announced by Chancellor Rachel Reeves at the budget last autumn - came into force this April. A venture capitalist who has invested £500m in UK science and tech start-ups, Magda Wierzycka is threatening to take her future investments elsewhere, highlighting the footloose nature of some of London's wealthiest people and a challenge to the Treasury in raising tax. #tax #taxlaw #chancellor #budget SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales