Ammon News - Brexit is to blame for the exodus of millionaires plaguing London, the culture secretary has claimed, vowing to get “a far better deal with the European Union that makes sure that we can continue to support British business”.

It comes after a report found that London is no longer one of the top five wealthiest cities in the world after losing a higher proportion of millionaires than anywhere other than Moscow.

The study, conducted by New World Wealth for advisory firm Henley and Partners, said the UK’s capital has lost 11,300 dollar millionaires over the past year, including 18 centimillionaires - someone who has more than $100 million - and two billionaires. The Independent