Bankers Bonuses

Seems that my thoughts on bankers bonuses may have been slightly misguided. Sky are reporting that Tullett Prebon:

"One of the biggest trading firms in London is allowing staff to move abroad to avoid the "uncertainty" over the Government's bonus tax..."

This is exactly the sort of thing that I am worried about with the legislation. We do not want a 'brain drain' where top firms and highly talented individuals move elsewhere as a result of increasing taxation etc.

Cut taxes, cut regulation, cut the public sector. Growth will result :)