Billionaire Lakshmi Mittal to leave UK amid tougher tax rules

LONDON, U.K.: Lakshmi N. Mittal, one of the world's wealthiest businessmen, is preparing to leave the UK after nearly 30 years, according to reports. The Indian-born steel magnate, long a fixture on Britain's billionaire rankings, is said to be relocating as the Labour government moves ahead with major tax reforms affecting high-net-worth individuals.

Mittal, often called the