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In the 1960s one of the great debates in the press and at the workplace was the ‘brain drain’. This was the exodus of British talent, particularly from the academic, scientific and technical sectors, usually to the United States. The fear was that country was being drained of its most skilled people which threatened its status as a major innovative, industrial power. The brain drain was real, and it was fuelled by high taxation and lack of opportunity in the UK. (more…)

It seems that London’s dominance as the premier global financial centre is under threat following the Chancellor’s decision to tax bankers’ bonuses. Banks are apparently under significant pressure to move their operations to other parts of the world, including Zurich, New York and Hong Kong, whose tax regimes are more in their favour. This raises serious questions about the banks’ relationship with, and commitment to, many of their employees. (more…)