Not with a Bang but a Whimper: Are we undermining the future of financial services in Britain?

Sep 12, 2010

Not with a Bang but a Whimper finds that the UK’s financial services industry is in danger of fading away. The report reveals that almost a quarter of financial institutions have considered leaving Britain for more welcoming locations like the Channel Islands or Switzerland.

Three-quarters of the London-based financial institutions polled by YouGov for Policy Exchange blamed the overall tax burden as a reason for their possible departure, while two-thirds blamed increasing regulation as a significant reason.

Author

Ted Sumpster

Ted Sumpster
Financial Services Research Fellow, 2010-2011 Read Full Bio

Stay Up To Date

Latest Tweets

Retd Korean General Chun (one of our most popular speakers so far this year) says #NorthKorea & #KimJongUn shd beware using their traditional negotiating playbook – President #Trump is playing a different game policyexchange.org.u… via @@Policy_Exchange