UK business leaders are urging the British Chancellor of the Exchequer George Osborne to reduce the top level of personal income tax from 50% at his budget in April.
The rate was introduced by the previous Labour Government, but has been kept by the Coalition.
If the number of business people we are seeing from the UK looking at our Monaco properties is anything to go by the 50% tax rate is having an affect on high-earners.
To read a letter the business leaders sent to a national newspaper click through to the Daily Telegraph Letters Page
For details of property for sale in Monaco visit www.monacoproperty.net