Esure founder Wood may quit Britain over tax

Esure founder Peter Wood may quit Britain to save money from the country’s tax regime.

Wood is said to be “very interested” and it is one of a “number of options”, according to Sky News.

The Tories have cut the top rate of tax from 50p to 45p, but Wood’s potential exit could fuel the debate further.

Wood is keen to float Esure, which could pull in anywhere between £500m and £1bn.