Open for business25 Sep 2022 13:58
“Scottish fund managers and bankers from New York are set to move to England in droves as Liz Truss’s mini-Budget makes London a more attractive place to do business.
The end of the European Union-era bonus cap means the UK is more competitive again on the global stage, while England’s top rate of income tax is coming down from 45pc to 40pc, well below Scotland’s 46pc.
Finance sources said the change of tone from Kwasi Kwarteng, the Chancellor, signals Britain is becoming a more open market again after years of acrimony between Westminster and the City in the wake of the financial crisis and Brexit.”
The chuckle brothers won’t be happy…….