12/08/2026
Number of UK millionaires hits lowest level since 2008 financial crisis.
Paul Denley, chief executive at Oakham Wealth Management, said: “For those staying, the answer isn’t panic but planning: diversify globally, use every available tax allowance, review estate and succession planning, and avoid irreversible decisions based on short-term headlines. Wealth is usually lost gradually through poor decisions, not overnight.”
High taxes and the volatile financial and property market is hitting the wealthy, research from the Adam Smith Institute shows.