Sorrell announced last week that the WPP Group, the world's second-biggest marketing services company, was moving its headquarters to Ireland following the threat of a higher Corporation Tax bill. The London Mayor, Boris Johnson, urged the Government to rethink its strategy to prevent more companies following suit.
The Week: City News - Sorrell forecasts exodus
WPP Group's Sir Martin Sorrell has forecast that more companies will move out of the UK to avoid new taxation rules on foreign profits.
