ICAP CEO Spencer Says Firm Might Leave U.K. on Labour Win
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ICAP Plc Chief Executive Officer Michael Spencer said he would consider moving his firm abroad if Labour leader Ed Miliband wins Britain’s elections in May.
“It’ll be a horror story,” Spencer, 59, a former Conservative Party co-treasurer and prominent donor, said at a Bloomberg event, referring to a possible Labour win. “There are circumstances in which I would leave this country. If the regulatory environment becomes materially adversarial, your board will say it’s about time you contemplated re-domiciling.”