Report shows 82% of non-doms considering leaving UK

The bank has commissioned a report, by Professor Brian Scott-Quinn from the ICMA Centre at University of Reading, which calls on the Government to reverse its proposals and introduce new measures to increase the advantages of the UK in the face of growing competition from other countries. The financial services sector faces perhaps the most serious threat, with many large City firms employing multinational workforces, of whom up to 40% can be of non-British descent. According to the report, the Government’s proposals will lead to a significant reduction in the size of the available talent ...