Scrapping non-dom regime branded ‘monumentally stupid’ by tax advisors November 1, 2024 Several leading tax and wealth advisors have told City AM that scrapping the non-dom regime without a suitable replacement is a “monumentally stupid decision” that has already prompted some non-doms to leave. One of the key measures introduced in Wednesday’s budget was abolishing the non-dom status, a regime that allowed certain tax breaks for people [...]
St James’s Place: Analysts back UK’s largest wealth manager October 18, 2024 By the end of the quarter, funds under management had swelled to £184.4bn, up from £181.9bn the quarter before and also ahead of consensus.
This is how much sixty of the UK’s wealthiest people paid in income tax October 9, 2024 The figures, which were revealed thanks to a freedom of information request, demonstrate the large contribution made by the UK's richest individuals.
Will the last millionaire to leave Britain please turn out the light? October 9, 2024 More millionaires are leaving Britain than any other country in the world, taking with them investment, jobs and insights. And our loss is the rest of the world’s gain, says James Price Britain is due to suffer the biggest flight of millionaires out of any country in the world over the course of this next [...]
Tory leadership: Pledges of ‘wealth creation’ and red tape cuts in speeches October 1, 2024 Promises to champion “wealth creation” and slash red tape will be offered to party members as the four candidates vying for the Tory leadership give their keynote conference speeches. Kemi Badenoch, James Cleverly, Robert Jenrick and Tom Tugendhat will take to the main stage at the Conservative Party’s annual event in Birmingham on Wednesday morning [...]
Are the super-rich running out of road? September 4, 2024 As more western governments look at ways to increase taxes for the ultra-rich, Ali Lyon asks whether it will work
It’s not just taxes, rent, childcare and a decrepit NHS are driving talent out of the UK August 1, 2024 High taxes are a problem, but the list of factors driving talent away from the UK is far more extensive, writes John Oxley One of the first criticisms levelled at Labour’s intended tax rises is their potential to drive high-productivity workers away from the UK. It is a fair one. In a world where capital [...]
Election 2024: ‘Wealth creation’ top Labour priority despite higher tax call June 3, 2024 Labour has been urged to bring in “higher taxes on wealth” in a bid to raise revenue - despite Sir Keir Starmer insisting his priority is “wealth creation”.
The super-rich are getting richer, again – and millennials are leading the way February 29, 2024 The number of wealthy Brits rose in 2023, more than reversing the decline reported post-pandemic in 2022. Ultra-high-net-worth individuals (UHNWIs) – classed as those with over $3m in net wealth – increased in the UK from 601,300 to 626,619 on global economic growth and easing interest rates, according to the Wealth Report by Knight Frank. “The improving interest rate [...]