Rachel Reeves will soon head to Davos to impress upon the world’s financial elite that Britain is open for business and ready and willing to receive their backing. Meanwhile, those who have invested in Britain are taking their money and leaving.
It’s an absurd contrast. Ours is a planet that is increasingly interconnected, in which wealthy people can move freely, choosing where to live and to put their cash. Gone are the days when a few countries acted as magnets, drawing the lion’s share. Today, it’s a crowded field. The competition to attract the international rich, who bring with them cash and jobs, is ferocious and intensifying.
