The number of British bankers and financial services workers migrating to Britain has risen by nearly a third, according to data compiled by a UK TV news channel.
Channel 4 News said, according to figures from the Swiss Federal Migration Office, 383 British citizens working in banking and financial services moved to Switzerland in 2010, an increase of 28% on the previous year.
Financial institutions and politicians have lobbied the UK government against increased taxation, arguing that the changes would drive the banking industry overseas. Switzerland, with its low personal and business taxes, is a favored destination.
Under the broader rubric of banking, insurance and consulting, which includes IT, 1,379 Britons were given permission to work long-term in Switzerland in 2010. This is an increase of 29% over the 2009 …