Nigel Farage has said he believes today’s budget will drive young people abroad.

Speaking on GB News Nigel Farage said:
“My take on [the budget] is that the exodus that is happening is a disaster. I do blame actually, Jeremy Hunt, a former chancellor, very much indeed; cracking down on non DOMs. And of course, Rachel Reeves took it further.

“But of course, everybody hates billionaires unless, of course, you’re employed by them, or they spend their money in your shop. And actually, they were paying their share of UK taxes.

“But it’s not just that. Many of the rich are fleeing. They fear vindictive, retrospective taxation from this government, but also the young 30 somethings, those that are really entrepreneurial and want to work.

“And people are out there, they want them. Dubai wants them. Milan wants them. Lisbon wants them. And now even Athens is in the bidding for young British talent. Will this budget lead to a further exodus? I believe it.

“Whenever Labour in power, as was back in the 1970s when we had the brain drain, this is the modern day brain drain. And Peter Kyle has actually admitted this. The business secretary has admitted we’re losing talent.

“I think today will send more people abroad.”