Crispin Odey may exit UK over tax

Odey Asset Management chief Crispin Odey has threatened to move his firm out of the UK to avoid the ...

Odey Asset Management chief Crispin Odey has threatened to move his firm out of the UK to avoid the 50% income tax rate on high-earners, a weekend report suggests. The fund manager has also become disillusioned with the European Union's proposed changes to regulation of private equity and hedge funds. "We are seriously considering leaving," Odey told the Sunday Times. "This Government is not interested in keeping London alive as a financial centre. Hedge funds are not yet flying but they are fluttering. Everyone is thinking about leaving." "We no longer have any defence against the ...