The super-rich are fleeing London for Paris.
The number of individuals worth $100m or more living in the capital has dropped by 4% since 2022, according to wealth adviser Henley & Partners.
It said many were leaving over fears of a Labour government and a possible end to non-dom status.
London has dropped to fourth place in a table ranking the cities with the highest number of super-rich, with Los Angeles moving up to third place, behind New York and San Francisco.