RICH PICKINGS
“LONDON drops down wealth list as super-rich move out,” blared a
Times
splash on 9 April, reporting that there are supposedly 11,300 fewer “dollar millionaires” in the British capital than there were last year – the fastest fall of any global city except Moscow, as the wealthy move their money abroad.
The story was also reported by the Telegraph, Express, Daily Mail and Evening Standard, while the Times returned to the subject next day in a 1,300-word feature. Even culture secretary Lisa Nandy responded to the alleged exodus, blaming it on Brexit, not the Labour government. But how accurate are those remarkably specific figures?