Betfred brothers, Alex Gerko, Mike Ashley: Top UK taxpayers revealed Wealth Betting entrepreneurs Peter Done and Denise Coates, traders Alex Gerko and Chris Rokos, and high street kingpins Tim Martin and Mike Ashley are among the top taxpayers in the UK, new analysis has revealed. Betfred founders Fred and Peter Done paid the most cash into HMRC over the past year, according to The Sunday Times’ [...]
Labour urged to rethink donor incentives for museums amid non-dom exodus Wealth The exodus of non-doms from the UK is having a knock-on effect on philanthropy, with museums now urging the government to bring back generous donors. Museums, such as the British Museum and Tate Modern, acquire expensive, world-class paintings primarily through a mix of public funding, major grants from organisations and private philanthropy. However, with the [...]
Schroders shares smash two-year high after surge in new business Wealth Wealth manager Schroders notched a two-year high on its stock price on Thursday morning after an influx of new business led to a major uptick in management fees. The FTSE 100 asset manager told markets it was expecting full-year operating profit to come in at £745m, up from £603m from the year prior. Shares rose [...]
Whitehall in talks with City for non-dom reform after exodus January 11, 2026 Whitehall is locked in talks with City bigwigs as the Labour government seeks to attract wealthy investors to the UK following the tumultuous fallout to the scrapping of the non-dom regime. The non-dom status was changed by Chancellor Rachel Reeves in the Autumn Budget 2024 and was swapped for a residence-based system that taxes all [...]
Hedge fund tycoon Alan Howard quits UK for Switzerland December 23, 2025 The co-founder of Brevan Howard Asset Management, Alan Howard, is the latest wealthy individual to exit the UK following tax hikes imposed by the Labour government. The hedge fund tycoon relocated from Britain to Switzerland in early June, according to an analysis of UK registry filings by Bloomberg. Howard had previously moved from London to [...]
Value of UK passport declines sharply under Labour December 16, 2025 The once-coveted British passport has tumbled in value since Rachel Reeves’ “wealth tax” Budget, according to a new report. In the latest Passport Index, put together by financial advisory firm Nomad Capitalist, the UK’s iconic blue travel document has slipped from 21st place in the previous list down to 35th out of 199 countries. This [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
Steel mogul Lakshmi Mittal leaves UK for Switzerland and Dubai November 23, 2025 Lakshmi Mittal, the steel mogul who was one of Britain’s richest people, has now left the country and become a resident in Switzerland for tax purposes, it has been reported. Mittal has long been one of the billionaires rumoured to be leaving the UK in response to Rachel Reeves’ tax plans. In March this year, [...]
Will rich New Yorkers flee to London to escape Mayor Mamdani? November 11, 2025 In a rare reversal of the slow march of UK wealth towards the US – from entrepreneurs upping sticks to companies switching listings – New York City’s incoming hard-left mayor looks set to nudge some of the city’s richest towards London. American arrivals into the UK could soon be made up of an unlikely coalition [...]
Abu Dhabi sets sights New York, London and Singapore October 30, 2025 Over the last decade, Abu Dhabi has attracted more than 300 financial firms, with a combined $28.6 trillion in assets globally, as the city positions itself as a global “capital of capital.” ADGM, Abu Dhabi’s international financial centre, revealed it has experienced rapid growth from financial firms over the last three years, increasing from 131 [...]