City Of London

Blackstone’s Jon Gray Says Wealthy Exiting UK Is Cause for Concern

WATCH: Gray discusses UK fiscal policies, the outlook for private credit markets and his view that dealmaking will soon see an uptick.Source: Bloomberg

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By Tom Metcalf

March 10, 2026 at 2:30 PM UTC

One of the biggest investors in the UK is worried the government’s attempts to balance the books through higher taxes is pushing entrepreneurs to move abroad.

“In an effort to solve some of the fiscal challenges, some of the policies are leading to some of the job creators leaving the country,” Blackstone Inc. President Jon Gray said in an interview for the upcoming podcast series, Leaders with Francine Lacqua, launching March 16. “That’s probably the thing that we’re most concerned about now” when it comes to the UK.