BlueCrest Capital lost a £200M tax case at the UK Supreme Court over LLP salaried member rules, calling the UK no longer a serious contender for business.

Hedge funder BlueCrest Capital Management, founded by the UK’s wealthiest financier, Michael Platt, has lost an appeal at the highest court over a £200m tax feud with HMRC.

BlueCrest Capital lost a £200M tax case at the UK Supreme Court over LLP salaried member rules, calling the UK no longer a serious contender for business.