So Martin Sorrell is set to move WPP back to Britain. This was always part of Osborne’s
Budget plan, as I revealed in my News of
the World column and also mentioned on Coffee House. As I said in the newspaper:
Today, Sorrell will announce that he’ll come back from Ireland if the Budget is made law. Of course it will be made law, governments collapse if they can’t have their budget passed. So he’ll redomicile, as will (perhaps) other multinationals.“The Chancellor has been on bended knee, pursuing Sorrell with energy that would make Berlusconi blush. ‘What do we need to do?’ he asks. Sorrell’s answer is to cut the tax on overseas profits. So Osborne will, hoping to lure back companies who generate most of their cash abroad.”
The wooing of Sorrell has been going on for some time.
Get Britain's best politics newsletters
Register to get The Spectator's insight and opinion straight to your inbox. You can then read two free articles each week.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in