Some of the best-known figures in the City of London are planning to abandon Britain as dissent grows over the Government's decision to raise the top rate of income tax to 50 per cent.
Over the weekend, it emerged that Guy Hands, chief executive of the private equity company Terra Firma Capital Partners, which owns the giant EMI music group, has relocated to Guernsey, The Independent reports. The hedge fund grandee Crispin Odey is likewise understood to be considering taking his Odey Asset Management group, which controls more than £3bn, to a different tax jurisdiction. Mr Hands's decision to move to the Channel Islands is understood to be entirely for tax reasons. Full story...
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