John Gray, head of 'Blackstone', warned that tax policies the UK government is using to tackle financial challenges are driving entrepreneurs and wealthy individuals out of the country. This could negatively impact the British economy. He added: 'This is likely the issue that concerns us most about the UK at the moment.' These concerns come amid tax hikes and the abolition of a preferential tax regime for non-residents, steps that have alarmed some wealthy individuals in Britain. He noted that some policies aimed at addressing the fiscal deficit are simultaneously causing job creators to leave the country.
