Nationwide wins big in mass switch from FTSE 100 banks July 30, 2025 Nationwide has raided the customer base of Britain’s banking titans as current account switchers flocked away from legacy firms. The building society welcomed nearly 73,000 switchers in the first three months of the year, compared to 17,000 outflows, according to Pay.uk data. This comes after the mutual returned billions to customers in 2024, whilst the [...]
It’s not the rich who fill the gaps when non-doms leave Britain – it’s you July 30, 2025 16,000 high-net-worth individuals are set to leave Britain this year, taking with them jobs, investment and growth. Here’s how we win them back… We talk a lot about wealth in Britain. We just don’t talk enough about what happens when it walks out the door. Because it’s happening. And faster than anyone wants to admit. [...]
Jonathan Reynolds slams wealth tax as ‘daft’ in broadside against Labour left July 25, 2025 Jonathan Reynolds has dismissed the prospect of a wealth tax as “daft”, amidst repeated warnings from the City that the policy would damage the UK economy. In a podcast interview with GB News, the business secretary told those on the left of the Labour party: “Get serious!” Reynolds insisted that much of Labour policy already [...]
Here’s what private equity and venture capital need from Rachel Reeves July 25, 2025 Changes to carried interest, non-doms and wealth tax rumours are putting investors under pressure. Time for Rachel Reeves to adopt a more pragmatic, pro-growth approach, says Michael Moore In her October Party Conference speech, the Chancellor Rachel Reeves declared that ‘If growth is the challenge, investment is the solution’. She is right. The Chancellor has [...]
Rachel Reeves’ matchmaker moment July 23, 2025 Finance bros and gals are often seen oozing confidence as they strut their stuff around the streets of the City of London, imagining they’re the main characters on hit show Industry. But it would be a mistake to assume these investor strategists, expert consultants and risk analysts are libertarian dreamers, swashbuckling Reagan fanatics and small-state [...]
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 [...]
Costly departures: Why an exit tax looks more likely than a wealth tax July 22, 2025 Tax experts have been queuing up to warn that a blanket tax on wealth is both unlikely and unfeasible. But as ministers insist the government will avoid tax hikes targeting average earners, could it turn to an exit tax to plug the gap? As reams of impressed tourists shuffled their way through the opulent surroundings [...]
Labour’s war on business is a gift to Nigel Farage July 22, 2025 Labour’s paralysis is driving business away from Britain and paving a path to power for Nigel Farage and Reform, says Alexander Temerko The government of Keir Starmer has internalised a culture of hesitation so completely that inaction is no longer perceived as a flaw, but as a mode of governance. Over the past year, a [...]
Natwest and Lloyds: What to expect from FTSE 100 bank earnings next week July 21, 2025 The FTSE 100’s banking titans, Natwest, Barclays, Lloyds and HSBC are gearing up for what promises to be an interesting half-year reporting season. Lloyds and Natwest will kick off earnings on July 24 and July 25 followed by peers Barclays, HSBC and Standard Chartered the following week. The first quarter was defined by President Donald Trump’s [...]
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 [...]