Wealth tax: City bosses warn Labour of entrepreneur exodus July 8, 2025 A wealth tax would spark a fresh exodus of entrepreneurs from the UK, according to City grandees as calls mount from within Labour to explore the policy. Sir Martin Sorrell, Sir Rocco Forte and Sir Philip Hampton warned in The Telegraph that business owners could flee Britain en masse. Hotelier Sir Rocco said: “Labour has [...]
UK cannot afford triple lock pension, OBR says July 8, 2025 The UK government cannot afford to keep the triple lock pension, the Office for Budget Responsibility (OBR) has warned. Chancellor Rachel Reeves has faced staunch opposition from within her own party and seemingly from the wider electorate over cuts to welfare spending as she bids to meet fiscal rules that prevent high borrowing from further [...]
Rachel Reeves warned against piling on small business tax pain July 8, 2025 As Rachel Reeves circles new avenues to boost tax receipts, the Chancellor has faced a fresh warning to ease the pain for small businesses. Businesses have called for Reeves to reverse her Autumn Budget tax hikes and ease the burden for firms as they suffer the crunch of economic uncertainty. One in five small- and [...]
I’m one of Britain’s highest taxpayers – a wealth tax would be the last straw July 8, 2025 Many patriotic high taxpayers like Steve Rigby accept that they work 50 per cent of their time for the government. A punitive wealth tax raiding assets that have already been taxed multiple times risks upending the social contract and driving businesses and jobs away The drumbeat for a wealth tax grows louder by the day, [...]
Rachel Reeves’ Cash ISA plans will punish Brits who just want stability July 8, 2025 The Chancellor isn't wrong to try and get Brits investing, but Cash ISA reform won't work, writes Antonia Medlicott.
Charities ‘penalised’ by Rachel Reeves’ taxes July 8, 2025 Chancellor Rachel Reeves’ hike to employers’ national insurance contributions (NICs) has “penalised” staff at charities up and down the UK, a new study has suggested. Rachel Reeves has reportedly suggested the £20bn tax raid on mid-sized firms was “low hanging fruit” to provide extra funding for the NHS and schools. But the collateral damage from [...]
Stephen Kinnock says Reeves looking ‘very carefully’ at wealth tax July 8, 2025 Health minister Stephen Kinnock has given the strongest hint yet that a wealth tax might be on the agenda for the government after his father – the former Labour leader Lord Kinnock – intervened to push for the policy over the weekend. The junior Kinnock told LBC’s Shelagh Fogarty that the government has “already taken [...]
Labour voters are suffering from buyers’ remorse July 8, 2025 32 per cent of those who voted Labour in 2024 say that they regret voting the way that they did at the last General Election, compared to just 15 per cent of all voters, according to the latest Morning Wire/Freshwater Strategy Poll, says Matthew Lesh Even the Chancellor’s harshest critics must have felt a flicker [...]
A wealth tax would be a disaster – and an admission of total failure July 8, 2025 Why wouldn’t Downing Street rule out a wealth tax? It isn’t difficult, you just say “we will not introduce a wealth tax” and the show moves on. Instead, when asked about the growing clamour in Labour circles for new tax aimed squarely at the well-off, Downing Street’s spokesperson simply talked about the need for “the [...]
What’s so bad about a wealth tax? July 7, 2025 That "millionaires don't need all that money" misses the point. Wealth taxes hurt us all, writes Callum Price.