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As wealthy Americans flee Trump’s chaos Britain is cashing in

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May 3, 2025
in Investing
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As wealthy Americans flee Trump’s chaos Britain is cashing in

A growing number of wealthy Americans, scientists, and students are eyeing the UK as political instability under President Trump’s second term pushes them to look for safer ground — reversing a decades-long brain and wealth drain to the US.

Lawyers, estate agents, and immigration experts are reporting a sharp spike in interest from affluent and high-profile Americans seeking to relocate to Britain, purchase property, or secure second citizenship as an “insurance policy” against Trump’s controversial early policies.

“The number of inquiries has gone through the roof over the last few months,” says Ceri Vokes, tax partner at London law firm Withers. “There is definitely a desire to diversify away from the US. London is a natural place for them to come to.”

Inquiries from American clients considering relocation have reportedly tripled so far in 2025 compared to the same period in previous years. Meanwhile, immigration partner Kelvin Tanner at Charles Russell Speechlys says inquiries from millionaires and billionaires have doubled, particularly among those in tech and finance.

The exodus comes amid growing alarm over Trump’s escalating trade war, stock market volatility, and crackdown on universities. Within his first 100 days, Trump has imposed sweeping tariffs, targeted federal research funding, and threatened to strip elite institutions like Harvard of their ability to enrol foreign students.

“It is suicidal what the Trump administration is doing with one of their very biggest assets, and that is the excellence of research and the universities,” says Professor Christian Dustmann of University College London. “If those talents are moving away towards the UK, this is a huge opportunity for us.”

A recent survey by Nature found three in four US academics are reconsidering their future in the country. Interest in British degrees has surged 25% year-on-year, according to Study Portal.

Meanwhile, Trump’s threats against DEI initiatives and ongoing protests on campuses have deepened fears among US scholars and students about academic freedom and research funding.

Among the wealthy, fears of higher taxes and increasing instability have led to a surge in property purchases in the UK. According to Knight Frank, Americans overtook Chinese buyers in late 2024 to become the largest group of overseas purchasers of luxury homes in central London, now accounting for 11.6% of sales.

“We’re seeing more Americans coming in,” says Rosy Khalastchy of luxury estate agent Beauchamp Estates. “They value London, the services here, and they’re looking for stability.”

The UK’s shared language, strong legal system, and cultural proximity make it an appealing alternative to American elites seeking to hedge against Trump-era risk.

The influx could prove fortuitous for Chancellor Rachel Reeves, who is battling the fallout from recent tax changes that have driven out several high-profile non-doms and investors. Renewed interest from wealthy Americans, academics, and students may help fill that void.

“People are leaving but there is a transition period going on,” says Khalastchy. “There is turmoil in their country. We are seeing more Americans coming in.”

Yet, experts warn that Britain must act decisively to seize the opportunity. Jamie Arrowsmith, director of Universities UK International, says the UK’s underfunded higher education system may struggle to absorb the rising interest from international academics and students.

“If leading research talent wants to choose the UK, then we should absolutely welcome that,” he says. “But the big challenge is that the UK is not without its own uncertainties.”

Immigration lawyers also note that investor and entrepreneur visa routes are still limited, creating barriers even for high-net-worth Americans looking to settle.

While the scale of the US brain drain remains uncertain, analysts agree: Britain has a rare window to capitalise on America’s self-inflicted chaos.

Whether Reeves and the UK government can move fast enough to attract — and keep — this new wave of American talent and capital could determine whether Britain’s stagnating economy finds an unexpected engine of growth.

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