Tuesday, 27 April 2010

There go the Russians: Oligarchs (and their bling) 'set to flee Britain because of Labour's tax policies'

Wealthy Russians will leave Britain or remove money from the City of London because of Labour's high tax policies, according to a leading investment guru.
Alexei Golubovich, chairman of Arbat Capital investment advisers, said the trend would cost the British economy hundreds of millions of pounds.
His warning of a capital flight comes after a decade which has seen affluent Reds-to-Riches billionaires buying up property, investing their vast fortunes, and using London as their gateway to the West.



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