Average Northerner to be £210,000 less wealthy as Labour urged to reform taxes amid fears of autumn raid grow August 29, 2024 New analysis from the Institute for Public Policy Research (IPPR) showed that the UK's tax regime is "driving regional inequalities" by taxing wealth and income at different levels.
Prime London property bounces back after election despite tax uncertainty August 15, 2024 Buyers have returned to prime London properties after the election despite uncertainty around the government’s position on tax changes, new data shows. Sales in July were at their highest on a year-to-date monthly basis, although the average price of a property fell by five per cent on an annual basis, LonRes has found. The number [...]
‘Strike the right balance’: Rachel Reeves doesn’t rule out capital gains tax hike August 6, 2024 Rachel Reeves has refused to rule out a hike to capital gains tax, insisting it was vital to “strike the right balance” when it came to fiscal policy.
Reeves’ ready source revenue: private wealth August 5, 2024 Rachel Reeves first Budget will reveal how the government really sees the economy – and those promises of growth are looking increasingly elusive, says Eliot Wilson “I think we will have to increase taxes in the Budget,” Rachel Reeves told The News Agents podcast last week. This admission by the Chancellor followed her angry revelation [...]
City warns over punishing impact of capital gains tax raid August 1, 2024 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October.
Labour will drive away wealth creators July 31, 2024 Labour have talked a good game on growth, but all their early actions seem precision calculated to deter investors, says James Price I’m not sure if Rachel Reeves is a fan of musical theatre, but going into her economic statement on Monday, she would have done well to heed the words of George Washington in [...]
Treasury fails to deny capital gains tax hike as Reeves readies ‘broken’ finances warning July 28, 2024 Rachel Reeves is set to warn of the "broken" state of the UK's public finances in a speech on Monday, as rumours of a hike in capital gains tax continue to swirl.
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 July 9, 2024 Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
‘Bag ready’ private equity execs more worried about Reeves’ carry policy than Corbyn July 9, 2024 Private equity execs are "bag ready" to leave the UK to avoid Labour's carried interest policy, with some City lawyers giving more legal advice than then when Corbyn was leader, leading industry figures and advisers have said.
City ‘stands ready’ to work with new Labour government on growth July 8, 2024 Business lobby groups and the City of London have said the sector “stands ready” to work with Keir Starmer’s new Labour government on realising growth.