Egyptian billionaire Sawiris says ‘Tory incompetence’ forced him to quit UK

Egyptian billionaire Nassef Sawiris has blamed “years of incompetence” by the Conservatives for tax changes that he says have driven him to leave the UK. Sawiris, who is Egypt’s richest man and co-owner of English football club Aston Villa, told the Financial Times he recently moved his residency from London to Italy and Abu Dhabi, in an interview at his long-standing office overlooking Mayfair’s Berkeley Square that he has since vacated. He said the decision to move abroad after 15 years of living in the UK was due to a government crackdown on non-domiciled residents announced by the previous Tory administration. “You can’t blame Labour,” said Sawiris. “This was all in the making for 10 years of incompetence by the most left-leaning Conservative party in history.” The changes, announced by Conservative chancellor Jeremy Hunt and confirmed last autumn by his Labour replacement Rachel Reeves, ended a tax regime that allowed UK residents who declared their permanent home was elsewhere to

Egyptian billionaire Nassef Sawiris has blamed “years of incompetence” by the Conservatives for tax changes that he says have driven him to leave the UK. Sawiris, who is Egypt’s richest man and co-owner of English football club Aston Villa, told the Financial Times he recently moved his residency from London to Italy and Abu Dhabi, in an interview at his long-standing office overlooking Mayfair’s Berkeley Square that he has since vacated. He said the decision to move abroad after 15 years of living in the UK was due to a government crackdown on non-domiciled residents announced by the previous