Brits back tax incentive plan to stop wealthy investors fleeing UK July 22, 2025 Two thirds of Britons support offering rich investors tax incentives to stop them leaving the UK, according to a new report, as the government has been urged to design a special scheme to boost UK growth. In a new paper by Onward and the Adam Smith Institute, around 67 per cent of the British public [...]
Wealth tax would be a ‘dangerous road to go down’, BNP investment chief warns July 21, 2025 The chief investment officer at BNP Paribas Wealth Management has become the latest senior banker to warn over plans to introduce a wealth tax in the UK, describing the move a “dangerous road to go down.” In an interview with City AM, Edmund Shing said the move was likely to discourage entrepreneurs from starting a [...]
Minister says only ‘average incomes’ up to £39k safe from Reeves’ tax hikes July 15, 2025 A government minister has said that Labour will stick to its manifesto commitment not to raise personal taxes, at least for those on “average incomes” – earning up to £39,000. Successive ministers over multiple days of media rounds have been caught in an increasingly tangled mess of definitions of what it means to be “wealthy”, [...]
Rachel Reeves’ concierge service aimed at luring investors July 12, 2025 Chancellor Rachel Reeves is expected to launch a “concierge service” for wealthy individuals as part of an effort to lure investors to expand in the UK. During electoral campaigns, Labour hopefuls said they would put wealth creation at the heart of their mission in government. Now Rachel Reeves is set to provide advice to foreign [...]
Stephen Kinnock says Reeves looking ‘very carefully’ at wealth tax July 8, 2025 Health minister Stephen Kinnock has given the strongest hint yet that a wealth tax might be on the agenda for the government after his father – the former Labour leader Lord Kinnock – intervened to push for the policy over the weekend. The junior Kinnock told LBC’s Shelagh Fogarty that the government has “already taken [...]
Jeremy Hunt ‘made mistake’ in taxing non doms June 27, 2025 Former Chancellor Jeremy Hunt was wrong to target non doms as part of efforts to raise more government revenue from tax, shadow business secretary Andrew Griffith has said. Hunt abolished a special tax status for non-domiciled residents in his last Budget, then raising £2.7bn, before Rachel Reeves went further by removing a carve-out that allowed [...]
Reform UK: Zia Yusuf hits back at ‘far left’ non-dom policy critics June 24, 2025 Reform UK’s DOGE chief has hit back at criticisms of the party’s newly-unveiled ‘Robin Hood’ non-doms policy from tax experts, which he described as “drivel”. In a ten-post thread on X, Zia Yusuf embarked on a detailed critique of tax commentator Dan Neidle, after the Tax Policy Associates founder said that there were “several significant [...]
Millionaires on the move? Britain can’t afford this wealth flight. June 24, 2025 All around the world, money is on the move. Millionaire migration might seem like a niche narrative, but it sparks serious debate and can lead to major policy changes. No individual dataset can be taken as flawless, but a number of different sources can be pooled that, taken together, paint a picture of where wealth [...]
UK set to ‘lose more millionaires’ than any other country June 24, 2025 The UK will lose more millionaires than any country in the world this year, a fresh study has claimed, as a combination of punitive tax hikes on wealth and a stubbornly stagnant economy continue to push some of the richest residents abroad. According to Henley & Partners’ annual Wealth Migration Report, the UK will haemorrhage [...]
Nigel Farage reveals one-off £250,000 non-dom payment plan June 23, 2025 Nigel Farage has announced a £250,000 one-off “landing fee” for a ‘Britannia Card’ for non-doms to qualify for tax exemptions, in a push to stem the growing exodus of high net worth individuals from the UK. The policy would enable a Robin Hood-style direct payment to the lowest paid – directly to their bank accounts, [...]