IFAs identify prime locations for fleeing financial firms

They say many of London's top financial services firms will investigate moving their offices elsewhere after punitive tax measures introduced in the Budget. Bulgaria was another name in the frame, with one IFA saying it has the lowest corporate tax regime in Europe. Graeme Boiardini, director at Bayliss Clarke Wealth Management, says London has always been a financial capital, but believes tax changes will drive big companies out of the city. "Consumer spending has stopped, unemployment is rife and London holds no benefits for people at the moment," he says. Adrian Shandley, managing ...