Daniel Lewin, Partner in the Tax Department, was quoted in PLC Tax, the U.K.'s leading tax news publication, in an article titled "Budget 2009: Reinforce your Desks." The article reveals the mixed reaction to the 2009 Budget through comments from the U.K.'s leading tax practitioners. Mr. Lewin commented that "[t]here is a serious disconnect between the many helpful changes to the UK investment funds tax regime announced in the Budget, following a long and constructive period of consultation between HMRC and the industry, and the potentially hugely harmful effect of the increase in the top income tax rate to 50% announced by the Government, one of the highest among industrial countries. The non-dom changes led many non-domiciled UK taxpayers in the hedge fund sector to reconsider whether they should stay in Britain, although very few actually left. The 50% income tax rate is likely to be the straw that breaks the camel's back, particularly as many managers are currently struggling or reviewing their operations. I believe that the next 18 months will - unfortunately - see a significant exodus of talent which could severely impact the recovery of the UK services industry on which the economy is so reliant, beyond the short term."