Non-dom policy change could lead to ‘exodus’ of wealthy investors, study finds September 4, 2024 Planned changes to the non-dom tax regime could trigger a “mass exodus” of wealthy investors from the UK, costing the taxpayer around £1bn by the end of this parliamentary term, a new report has warned. The study from Oxford Economics, which polled 72 non-doms and over 50 tax advisors, found nearly two thirds of people [...]
Private equity stands ready to help the government deliver growth August 30, 2024 Private capital backed British businesses to the tune of £20bn last year, but with the right tax and regulatory environment there’s even more we could do, says Michael Moore The fastest growth in the G7. If that sounds ambitious, that is because it is. This level of economic growth, promised by the new Labour government, [...]
How much could a UK bank windfall tax raise? August 29, 2024 The banking sector is considered an easy target for an energy-style windfall tax, with lenders enjoying record profits on the back of interest rate hikes from the Bank of England last year.
Average Northerner to be £210,000 less wealthy as Labour urged to reform taxes amid fears of autumn raid grow August 29, 2024 New analysis from the Institute for Public Policy Research (IPPR) showed that the UK's tax regime is "driving regional inequalities" by taxing wealth and income at different levels.
Millennials will be hit hardest by tax rises August 29, 2024 The generation that’s about to reach the most rewarding of years of their careers face spending their entire working lives earning less and paying more for worse public services, says John Oxley Few will have been cheered by Sir Keir Starmer’s speech this week. While Harold Macmillan might have told voters that they’d never had [...]
Build, Baby, Build: The Apprenticeship Levy is a tax by another name August 23, 2024 SME house builders need to attract young talent more than ever, but the inflexible Apprenticeship Levy is standing in the way, says Rowland Thomas The new Labour Government’s pro-development approach and commitment to getting Britain back building has been largely welcomed by the housebuilding industry. However, even if the Government delivers on its promise to [...]
Public wary of tax rises as economists warn on ‘disappointing’ fiscal progress August 21, 2024 Although the public are opposed to tax rises in general, there are a couple of taxes which could go up with popular support. Perhaps unsurprisingly, these are taxes which most people do not pay.
Government borrowing exceeds estimates as public sector spending jumps August 21, 2024 Monthly borrowing figures will be closely watched over the coming months for clues about how much Labour will raise taxes in October's Budget.
Dividend tax payers double over last three years as bill soars to £18bn August 20, 2024 The number of people expected to pay dividend tax has almost doubled over the last three years, new data has revealed. Around £18bn is expected to be brought in from the dividend tax in the 2024/25 financial year, according to a Freedom of Information request from AJ Bell, with almost 3.6 million taxpayers forking over [...]
Reeves’ ready source revenue: private wealth August 5, 2024 Rachel Reeves first Budget will reveal how the government really sees the economy – and those promises of growth are looking increasingly elusive, says Eliot Wilson “I think we will have to increase taxes in the Budget,” Rachel Reeves told The News Agents podcast last week. This admission by the Chancellor followed her angry revelation [...]