A bigger carrot, not a smaller stick, is needed to lure back the wealthy

Those who left the UK for wealth retention purposes are not currently thinking about returning. If Healey wants the wealthy back, he needs to offer a proper incentive, writes Jamie Mathieson in today s Notebook Wealthy need incentives During the last week there has been much discussion about the relief that Chancellor John Healey seemingly does not plan to align income tax with capital gains tax (CGT). It has been rumoured that this alignment had been planned, but Mr Healey has allegedly been persuaded that it would not be in the national interest to put more taxation on the investment community. I’ve certainly noticed clients responding to legislative change by relocating away from the UK, an unsurprising phenomenon given how easy it is for wealthy individuals to move to a different jurisdiction. I do however bring a word or two of caution. In my recent experience, those who have decided to depart the UK for wealth retention purposes are not currently thinking about returnin