Speaking on the programme Terry Smith, chief executive of Tullett Prebon, added that many investors around the world are "living in a fool's paradise", expecting regulatory bodies or governments to bail them out if things go wrong.
Oxfam cites Terry Smith the head of Tullett Prebon, an interdealer broker, who said he would let any of his 950 staff moved out of London ahead of the 50 percent marginal tax rate imposed by the Labour government.