Thursday, February 18, 2010

Fears of mass UK banking exodus prove unfounded | Business | guardian.co.uk

Research by Channel 4 News shows that, despite warnings by Boris Johnson, the mayor of London, that 9,000 high-­flying City workers would decamp to escape the windfall levy on bonuses and the 50p income tax rate, just 1,079 British citizens joined the financial sector in the Alpine state last year – and about two-thirds of those were applying for IT or other back-office jobs. That represented a 7% decline on the number of Brits applying for a carte de séjour – work permit – in the financial services sector in 2008.
Fears of mass UK banking exodus prove unfounded | Business | guardian.co.uk
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