Ferrari cut UK supply after Labour's tax raid on wealthy

Ferrari's chief executive Benedetto Vigna told the Financial Times that his firm

The boss of Ferrari has blamed the Labour government’s crackdown on wealth for its decision to cut the number of cars it sells in the UK, saying that a “stabilisation” in demand was happening in the country.

Chief executive Benedetto Vigna told the Financial Times that his firm had reduced allocations of its supercars to Britain because “some people are getting out of [the country] for tax reasons”.

“What I can tell you is that we see a stabilisation over there,” he said, adding that “a lot of people” had left the country.

Non-dom tax reforms

At its maiden Budget last October, the government unveiled a host of measures to clamp down on what it perceived to be unfair elements of the tax system, including