Hello Luxembourg?

Following HSBC's warning that the unfriendly tax atmosphere may force them to move their headquarters out of the UK, dark warnings from another place.

The Investment Management Association has published a report finding that many fund managers are choosing to domicile their funds outside the UK. Reason? High levels of corporation tax and an aggressive tax assessment regime.

'In the mouth of two or three witnesses shall every word be established.'

I wonder if Gordon Brown is listening.