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But equally one of the big banks (the name escapes me) took out a long lease at Canary Wharf last year and explicitely stated that higher UK taxes did not put them or exployees off the UK. They said they aim to recruit the best people, and the best people want to live in the most attractive...

Quite. For a long time Germany had a higher rate of personal tax than the UK. You did not see loads of Germans moving over to The City so they could pay less tax. And when the UK rate went up to 50p equally you did not see loads moving to Frankfurt. There are many reasons why people choose to do...