Financial services companies consider leaving over tax and regulation

A quarter of financial services firms have considered quitting Britain because of high taxes and heavy regulation, the Telegraph reports.

In a survey of business opinion by YouGov for the Policy Exchange, 43% of professionals working within the industry had thought about relocating.

The top destinations for financial companies were tax havens including Switzerland, Jersey and Guernsey.

Zurich Financial Services, WPP and Yahoo are among the firms that have recently moved some or all of their business out of Britain.

The survey also found that 21% of managers said the attractiveness of Britain for new business had deteriorated over the past 10 years. Only 7% thought it had improved.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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