US confidence in UK business environment improves but concerns over tax grow Economics US confidence in the UK's business environment increased for the first time in two years, according to a survey, but American firms were also increasingly nervous about the tax regime.
Benefit cap punishes children for their parents’ choices The City View If Labour are looking to make savings on the welfare bill, there are plenty of places other than the two-child benefit cap to look – starting with the pensions triple lock In a manifesto that was light on detail, two of Labour’s biggest promises were to adopt Conservative policies: on the fiscal rules and the [...]
Non-doms are paying record taxes, but Labour will shove them out the door David Lesperance The wealthiest non-doms are packing their bags and taking their outsize contributions to the exchequer with them, and that’s just the start of the exodus of the wealthy that will occur if Labour implements its plans, says David Lesperance “London is nice… but it’s not that nice!” These were the words of one of my [...]
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 July 9, 2024 Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
‘Bag ready’ private equity execs more worried about Reeves’ carry policy than Corbyn July 9, 2024 Private equity execs are "bag ready" to leave the UK to avoid Labour's carried interest policy, with some City lawyers giving more legal advice than then when Corbyn was leader, leading industry figures and advisers have said.
Starmer: Nationalising debt-laden Thames Water ‘not consistent’ with our fiscal rules July 8, 2024 Nationalising Thames Water would “not be consistent” with Labour’s fiscal rules, the Prime Minister’s spokesman has said.
Election 2024: Which taxes will go up under Starmer’s Labour government? July 5, 2024 Tax and spend was one of the major points of contention during the election campaign. What will a Labour landslide mean for your taxes?
Shein, trade and tax: Labour and Tories clash on business June 27, 2024 City A.M.'s Charlie Conchie and Jess Frank-Keyes unpick the election business debate between Kemi Badenoch and Jonathan Reynolds.
Will it work? Tax and benefit cuts June 27, 2024 It’s an election year. Politicians are giving us a barrage of policies. But we often forget to ask the most important question: will they actually work? In this column Sam Fowles take policies on their own terms and asks whether they solve the problem they’re supposed to solve. Rishi Sunak has made tax cuts the [...]
Column: Leafleting, manifesto prep and a BBC debate: the final campaign push June 26, 2024 Like it or not, the six-week election campaign is finally drawing to a close - and come the early hours of July 5 we’re likely to have a new government.