Lombard Odier has alerted the Government to the adverse effects of high taxes and regulations on investment in the UK. The bank’s UK chief executive, Mark Goddard, stated that many entrepreneurs are leaving for tax havens due to the Chancellor’s tax policies. Lombard Odier’s letter to Rachel Reeves highlighted a negative investment culture and the challenges of raising capital in the UK. Goddard urged the Treasury to unlock £350bn from cash ISAs for start-ups and improve financial literacy in schools. He noted: “We are seeing a quiet but determined exodus.”
