UK Losing Wealthy to Middle East, Amanda Staveley Warns

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00:00London, especially Mayfair, is quiet. It's very quiet. Concerningly quiet.

00:05But, you know, I'm a huge Anglophile. I love the region. It's very easy for me to live in the region.

00:11I lived in Abu Dhabi for many years, so for me to go back is very easy.

00:16I choose to stay. I'm still a UK taxpayer, but I'd like to see the government do more around attracting people back.

00:24So it's not just the fact that a lot of non-DOMs have gone back. It's the fact that all the infrastructure around that has gone.

00:32So I think there needs to be a balance. I also think we need to make in the UK our competitive landscape as tax efficient as possible.

00:41So, you know, we pay high taxes, high corporation taxes. We need to be as competitive as possible with our European counterparts.

00:50So you will continue to see an exodus to the Middle East.

00:53Are you having some of those conversations with the government? Are they listening?

00:57Yeah, no, I think they are. I think actually, I think government is understanding that there needs to be a change.

01:04Obviously, we're in a seismic political landscape at the moment.

01:09And I think that there's been so much focus on golf.

01:12You know, we had COVID, the fallout of COVID and the issues.

01:16So I think we've sort of maybe taken our eye off the business landscape, the tax landscape, and that will probably come back.