Whitehall in talks with City for non-dom reform after exodus Economics 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 [...]
Autumn Budget: Reeves pushes ahead with ‘mansion’ tax Property A mansion tax will be introduced on homes worth more than £2m, Rachel Reeves confirmed, despite warnings from the property industry that the move was fraught with practical difficulties and would lead to a fire sale of high-end homes. The Chancellor ploughed ahead with widely rumoured plans to apply a “high-value council tax surcharge” on [...]
Reeves ‘flying blind’ on non-doms as ultra-rich couple move to Milan Wealth Rachel Reeves will go into next month’s budget “flying blind” over the number of non-doms that have left the UK, a new report has warned on the day that a high-profile couple relocated to Milan in response to the Chancellor’s crackdown last autumn. The study, which was compiled by former Treasury economist Chris Walker, found [...]
Ferrari cut UK supply after Labour’s tax raid on wealthy October 17, 2025 The boss of Ferrari has blamed the Labour government’s crackdown on wealth for its decision to cut the number of cars it sells in the UK, saying that a “stabilisation” in demand was happening in the country. Chief executive Benedetto Vigna told the Financial Times that his firm had reduced allocations of its supercars to [...]