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Evening Standard
Evening Standard
Henry Saker-Clark

BlueCrest says UK no longer a serious place to do business after court loss

BlueCrest United Kingdom Michael Platt HMRC
Billionaire Michael Platt’s BlueCrest Capital Management has said the UK is ‘no longer a serious contender’ as a place to do business (Aaron Chown/PA) - (PA Archive)

Billionaire Michael Platt’s BlueCrest Capital Management has said the UK is “no longer a serious contender” as a place to do business after losing a £200 million legal battle against the UK tax authorities.

On Wednesday, the firm lost a roughly four-year legal battle about how payouts for hedge fund traders should be taxed.

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