Politics 22 March 2013 File this one away in the "we'll see" pile An exodus after the election? Sign up for our weekly email * Print HTML The chief executive of deVere Group, "the world’s largest independent financial advisory firm", wants you to know that this time, rich people really mean it when they say they'll leave the country this time if taxes go up. Nick Green says: The astute number crunchers at the Institute for Fiscal Studies have shown that the government will have little alternative but to borrow more or increase taxes to pay for the Chancellor’s budget. As this is after an election, a time when MPs can more afford to take controversial measures, it is highly probable that the new government would opt for the former [sic, but I think he means latter] – taxes would be hiked up… As so-called ‘high tax Britain’ is set to become ‘even higher tax Britain’, I would fully expect there to be something of a wealth exodus from the UK as wealthy Brits and non-domiciled taxpayers in the UK seek to move themselves and assets to lower-tax jurisdictions in order to safeguard their funds. We've already had that argument, of course. After the 50p tax was introduced, there was a drop in the number of bankers fleeing to Switzerland, with the majority of avoidance taking the form of bringing forward payments (which is part of the reason why cutting the rate so soon was a stupid idea – that's not a trick you can perform twice). And we'll see what happens from 1 April, but I'll be we don't get an exodus of bankers from Switzerland to Britain once the 50p tax dies either. File this one away for the future, in other words – it could make tasty claim chowder. › Clegg's plan for immigration "bail bonds" is illiberal and unworkable Boarding the private jet… Photograph: Getty Images Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter. Subscribe from just £1 per issue More Related articles Donald Trump wants to terminate the Environmental Protection Agency - can he? The banker who found God Does earning £70,000 make you rich?