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Rich French Consider London Move on Hollande Tax Fears, FT Says

May 5 (Bloomberg) -- More wealthy French people are considering moving to the U.K. if Socialist candidate Francois Hollande wins the presidency and fulfills a pledge to raise taxes on incomes of 1 million euros ($1.3 million) or more to 75 percent, the Financial Times said.

London-based wealth manager Vestra Wealth said inquiries from French clients has climbed about 40 percent, the newspaper said. London’s prominence as a financial center combined with concerns about Hollande’s plan to tax the wealthy is spurring French professionals to consider moving, the FT said.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net Z LN Equity

To contact the editors responsible for this story: Edward Evans in London at at eevans3@bloomberg.net

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