WEALTHY BRITONS PREPARE TO FLEE

The Express reports:

More than half of the UK's millionaires have fled or are thinking of fleeing the country's economic "storm clouds", according to a new study.

Taxation, perceived better living standards abroad and the weather mean that only 44% are certain of remaining here.

But the survey of more than 500 UK-based millionaires, carried out for investment firm Skandia, found that only 2% were thinking of moving to a tax haven such as Switzerland or the Cayman Islands.

Preferred destinations were France, the USA, Spain and Australia.

Taxes have consequences.