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Friday, 22 July 2011

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Rich Britons considering escaping UK

To avert country's economic 'storm clouds':

Britain: A new survey has revealed that more than half of the UK's millionaires have fled or are thinking of fleeing the country's economic "storm clouds".

The survey was carried out for investment firm Skandia and questioned more than 500 UK-based millionaires, of whom almost 56 percent said they were considering moving abroad to Australia, Spain, USA and France, according to British media reports.

The survey also found that only 2 percent of the respondents were thinking of moving to a tax haven such as Switzerland or the Cayman Islands.

Taxation, perceived better living standards abroad and the weather mean that only 44 percent are certain of remaining here, said the reports.

"Our survey seems to indicate that the UK's wealthiest really are saving for a rainy day and will seriously consider moving to sunnier climes if storm clouds gather in either economic or meteorological terms", said Jo Rimmer of Skandia. Press TV

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