I’m one of Britain’s highest taxpayers – a wealth tax would be the last straw July 8, 2025 Many patriotic high taxpayers like Steve Rigby accept that they work 50 per cent of their time for the government. A punitive wealth tax raiding assets that have already been taxed multiple times risks upending the social contract and driving businesses and jobs away The drumbeat for a wealth tax grows louder by the day, [...]
A wealth tax would be a disaster – and an admission of total failure July 8, 2025 Why wouldn’t Downing Street rule out a wealth tax? It isn’t difficult, you just say “we will not introduce a wealth tax” and the show moves on. Instead, when asked about the growing clamour in Labour circles for new tax aimed squarely at the well-off, Downing Street’s spokesperson simply talked about the need for “the [...]
Downing Street flirts with wealth tax despite exodus fears July 7, 2025 The UK’s unprecedented exodus of wealthy people could be set to accelerate after the government opened the door to introducing a wealth tax, following calls for such a move by former Labour Party leader Neil Kinnock and a host of union leaders. Chancellor Rachel Reeves has all but conceded that taxes will have to rise [...]
Apple: UK tax bill surges as profit passes £1bn July 7, 2025 The amount Apple paid into the Treasury’s coffers surged to more than £300m for its latest financial year as its profit jumped to over £1bn. The US giant paid £303.7m in UK corporation tax in the 12 months to 28 September, 2024, according to new accounts filed with Companies House. The figure is up significantly [...]
State pension could face insolvency by 2036 despite tax hikes July 6, 2025 Britain’s state pension could become financially unsustainable as early as 2036, despite recent increases in National Insurance contributions, according to new modelling by the Adam Smith Institute (ASI). The think tank warned the Treasury is on course to spend more on welfare payouts than it receives in National Insurance receipts within just over a decade. [...]
Get ready for £30bn tax raid, City analysts warn July 5, 2025 Top City economists have warned welfare U-turns and President Trump’s damage to growth prospects will lead to tax hikes worth £30bn this autumn. Chancellor Rachel Reeves suggested last year’s £40bn tax raid on businesses, homeowners and investors was a “once in a parliament reset” while Keir Starmer has suggested the UK could not “tax [its] [...]
Keir Starmer rocked by full-blown crisis as PM marks first year in office July 3, 2025 Keir Starmer is facing a full-blown political crisis as he marks his first year in office under pressure from disgruntled MPs, frustrated businesses and jittery financial markets. Speculation grew yesterday that Chancellor Rachel Reeves could be ousted from Number 11 after the PM failed to back her during questions in the House of Commons, with [...]
Business confidence hit by tax fears as Rachel Reeves’ headroom crumbles July 2, 2025 British business confidence has been hammered by Labour’s tax blows but fears remain heightened the government will return for more. A survey by the British Chambers of Commerce (BCC) revealed 56 per cent of firms were particularly concerned about their tax burden, which comes as Prime Minister Sir Keir Starmer failed to rule out further [...]
Former UBS banker wins top court battle in £80m divorce row July 2, 2025 The high-profile divorce clash between Clive Standish and his wife over £80m of assets linked to a tax planning scheme hits the end of the legal road
Labour warned that hospitality ‘is being taxed out of existence’ July 2, 2025 The government faced serious warnings from MPs about the state of the hospitality sector during an afternoon debate in the Commons on July 1. Representatives from across the UK warned the government that high taxes were suffocating the sector – particularly for small businesses – putting ‘insurmountable burdens’ on businesses. “Hospitality is being taxed out [...]