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More than a third of wealthy British residents are considering leaving the country because of high taxes, the weather and crime.

Saturday, 23 April 2011

study by of 1,000 people with more than £250,000 in savings and investments found 35pc may move abroad because of high tax rates, while 44pc blamed the weather and 43pc want to avoid antisocial behaviour.
Recent changes in tax rules have proved controversial for many Britons, including a combination of the 50pc income tax rate on those earning more than £150,000, increases in national insurance and a reduction in personal allowances.
Almost half of respondents to the Lloyds TSB research think Britons are worse off financially that people in other developed countries, while just 9pc think people in Briton are better off.
“We are not expecting a mass exodus,” said Nicholas Boys Smith, managing director of Lloyds TSB International Wealth, “but, regrettably, many wealthy people are dissatisfied with life in the UK and are considering leaving.
“Many high earners are concerned about what they perceive as the tax increases that followed the financial crisis. Despite good recent developments, there are still many countries around which high earners believe offer more favourable tax regimes and importantly, a higher quality of life.”

 

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