Private Equity

Private equity bosses speak out on UK wealth exodus: ‘It will take some time to reverse this’

Well-heeled executives are quitting Britain for more lenient tax jurisdictions such as Italy and Dubai, creating a headache for the UK government. The trend shows no signs of stopping

Milan has attracted a raft of senior private equity figures
Milan has attracted a raft of senior private equity figures Photo: Getty Images

“It’s really too bad what’s happened,” laments a senior financial executive who until earlier this year was based in the UK.

“When I moved to London, it was the only place you would have contemplated moving to. Now, it’s the only place that doesn’t have some kind of plan for attracting investors.”

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Trump Says He Is Removing Fed Governor Lisa Cook