Former UK Prime Minister Liz Truss, speaking at the World Governments Summit in Dubai, said rising tax levels and energy costs in the United Kingdom are influencing the decisions of some Britons to relocate overseas, with the UAE emerging as a key destination for professionals, entrepreneurs and investors.
Addressing an international audience of policymakers, government officials and business leaders, Truss argued that economic competitiveness is increasingly tied to tax efficiency, regulatory balance and pro-growth policy frameworks. She suggested that sustained fiscal pressures in the UK have affected both household finances and business expansion, prompting individuals and companies to consider alternative jurisdictions.
Her remarks contribute to a broader global conversation on how economic policy shapes the movement of talent, capital and enterprise in an era of increased mobility.
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Economic Competitiveness and Talent Mobility
Truss pointed to structural challenges facing the UK economy, including slower growth, rising public expenditure and higher taxation, which she said can weaken incentives for investment and entrepreneurship. In today’s digital and interconnected environment, business leaders and skilled professionals have more flexibility than ever to choose where they base their operations.
This shift has amplified international competition among countries seeking to attract high-value talent and globally mobile businesses. Tax frameworks, regulatory clarity and access to growth markets are now central to these decisions, alongside traditional factors such as infrastructure and workforce quality.
Why the UAE Is Gaining Attention
Against this backdrop, the UAE continues to strengthen its position as a preferred destination for both living and business. The country has built an ecosystem designed to support international investors, founders and corporate leaders.
Key advantages include:
- Tax Efficiency
The absence of personal income tax, combined with a competitive and transparent corporate tax framework, enables professionals and companies to optimise earnings and reinvest capital into growth.
- Pro-Business Regulatory Environment
Streamlined licensing procedures, specialised economic free zones and investor-focused reforms make company formation and expansion more efficient compared with many mature markets.
- Strategic Global Access
Located at the crossroads of Europe, Asia and Africa, the UAE offers direct access to fast-growing markets. Its advanced aviation, logistics and port infrastructure supports global trade and regional headquarters operations.
- Economic Stability and Policy Vision
Long-term diversification strategies, investment in innovation and digital transformation, and clear regulatory structures contribute to business confidence.
Lifestyle and Infrastructure Strengthen the Value Proposition
Beyond financial and corporate considerations, quality of life remains a decisive factor in relocation decisions. The UAE offers modern healthcare systems, internationally recognised education institutions, high public safety standards and a diverse, multicultural society. World-class urban infrastructure, connectivity and amenities further enhance its appeal for professionals relocating with families.
For executives and founders, the combination of commercial opportunity and lifestyle advantages creates a comprehensive environment that supports both business success and personal wellbeing.
Part of an Ongoing Global Policy Discussion
While Truss’s comments reflect one perspective on the UK’s economic direction, analysts note that relocation decisions are influenced by a range of factors, including industry dynamics, career pathways, family priorities and global economic conditions.
Nevertheless, her address at the World Governments Summit underscores a defining trend in the modern economy: countries are actively competing to attract talent, capital and innovation. In this competitive landscape, the UAE’s blend of fiscal efficiency, strategic positioning and high living standards continues to reinforce its status as a leading international hub.
