Super-rich may quit UK over Labour plans for inheritance taxes on trusts

Private banks and advisers to Britain’s super-rich say some clients may quit the country if Labour wins next month’s general election and pushes ahead with plans to abolish tax protections on offshore wealth they wanted to pass to future generations.

Keir Starmer’s Labour Party, which leads in the opinion polls and which published its manifesto on Thursday, is targeting Britain’s wealthiest people to support a public spending programme focused on schools, welfare, energy reform and the National Health Service.