Summary
FACED with higher taxes and tougher regulation, London's glitterati are threatening to pack their Prada suitcases and head to countries where they are more appreciated.
Reports of their plight are proliferating. Last week, City consultancy Kinetic Partners warned that London's hedge fund managers faced 'twin pillars of doom' in Britain. The new 50p tax rate imposed by Alistair Darling and tougher regulation from 'ogres' in France and Germany will trigger an exodus to the citadels of Switzerland, it claimed.See the full content of this document
Extract
City Wields Too Much Influence with Ministers ; City View
Meanwhile the British Private Equity and Venture Capital Association lamented the fate of London's buyout barons. New rules from Brussels are 'manifestly unfair' and could deprive us...
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