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Tullett offers to relocate staff

Tullett Prebon has offered its entire broking staff the chance to relocate from Britain in a sign of the fallout from the government’s 50% “supertax” on bank bonuses. The plan was drawn up after Terry Smith, Tullett’s CEO and a key City figure, raised the matter with the company’s board, and was conveyed to staff on Friday. The broker has also been studying the possibility of moving its corporate headquarters abroad. No decision is thought imminent.

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