Things are getting tougher for the wealthy in the UK – yesterday’s pre-budget report confirmed the trend; the rich might decide to leave, but not in droves.

A 50% tax on bankers' bonuses of more than £25,000 (€27,622) this year, coupled with a strengthening of penalties for non-disclosure of offshore bank accounts shows that the Labour Government is continuing to tighten the screw on top earners.