Non-dom tax take jumped to £12bn before Labour crackdown July 17, 2025 The overall tax take from wealthy foreigners who once claimed the now obsolete non-dom status rose to £12bn the year before Labour and the Conservatives announced their respective crackdowns against the regime. Data from HMRC released on Thursday showed the amount of capital gains tax, income tax and national insurance contributions paid by the cohort [...]
Is it high time to buy in super-prime London? July 15, 2025 London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most [...]
Non-dom tax grab could blow £4bn hole in public finances July 11, 2025 The government’s decision to abolish the non-dom regime will blow a £4bn hole in the public finances and lead to over 3,000 fewer jobs if a quarter of the country’s wealthy foreigners leave. According to a fresh study from the Centre for Economics and Business Research (CEBR), non-doms choosing to leave the UK instead of [...]
I sold my business for £1.5bn – with great wealth comes great responsibility July 10, 2025 Those of us fortunate enough to thrive at the top must do more to support those struggling at the bottom, not out of guilt or obligation, but because it is the right thing to do and makes us richer in meaning, purpose and legacy, says John Caudwell This week I had the honour of speaking [...]
Tories vow to rip up workers’ rights package June 26, 2025 The Conservative Party will rip up Labour’s contentious workers’ rights overhaul if they are elected in a bid “once again” to convince voters it is the party of business. In a speech to business leaders on Thursday, shadow business secretary Andrew Griffith will warn attendees the Employment Rights Bill will hand “enormous power” to trade [...]
Farage is right to try to woo back non-doms like me, but it may be too late June 25, 2025 Nigel Farage is right to try to address the non-dom exodus, but it may be too late as many of us have already made the difficult decision to leave, says Dr Ann Kaplan Mulholland The recent non-dom exodus from the UK has thrown the nation’s economy into a tailspin. Originally established in 1799 to attract [...]
Reform will put international wealth to work for British people June 23, 2025 Under a Reform government, wealthy people will pay a £250,000 upfront contribution to the Exchequer and every penny will go to the poorest workers, says Zia Yusuf For centuries, Britain was a global powerhouse and a magnet for the world’s talent and treasure. Now it is chasing away the world’s brightest business minds and most [...]
‘Way too cheap’ – Tax experts question Reform’s £250K non-dom plan June 23, 2025 Reform UK’s new ‘Robin Hood’-style non-dom policy has been given a cool reception by top UK tax experts, who have branded it as “too cheap” and warned it could even cost the UK £34bn in lost tax revenue. Nigel Farage’s party, which currently tops the opinion polls, unveiled plans for a £250,000 flat tax regime [...]
Sales of London mansions falter amid low confidence and non-dom exodus June 19, 2025 The average price of London mansions fell further in May as buyers stayed away from the market amid a downturn in confidence. Average prices fell by 3.2 per cent year on year, according to data from Lonres, while transactions fell 35.8 per cent year on year. Transactions for homes over £5m fell 14.7 per cent [...]
UK suffers second highest fall in wealth of any major economy in 2024 June 19, 2025 Average wealth in Britain fell the second most of any major economy in 2024, according to a closely followed global study, piling fresh scrutiny on the country’s battle to stem an exodus of its wealthiest residents and kickstart its flagging economy. According to UBS’s annual Wealth Report, mean household wealth in Britain fell 3.6 per [...]