Gary Stevenson is right, rich people want to help Britain – here’s how to let them do it Opinion Gary Stevenson and the ‘Patriotic Millionaires’ plan for a wealth tax is the wrong way to get wealth working for Britain. Here’s three much better ideas, says Nick Finegold A fortnight ago, 120 millionaires, including Gary Stevenson and Gary Lineker, wrote to Andy Burnham asking to be taxed more. I do not doubt their sincerity. [...]
City trading ‘higher than thought’, FCA believes Markets Trading volumes in London are up to three times higher in value than thought after so-called “dark trading” is taken into account, the City regulator believes. Analysis by the Financial Conduct Authority believes that trading valuations are much higher as some traders opt to use non-official channels. This kind of business, referred to as “dark [...]
Industry hits out at rumours as No 10 denies plan to abolish stamp duty and council tax Politics Andy Burnham is “not considering” scrapping stamp duty and council tax, Downing Street has said, as the government moves to pour cold water on rumours of major tax changes that had spooked property sector leaders. Business chiefs condemned the government over the danger of property tax speculation after reports over the weekend suggested that Burnham [...]
Burnham can prove he’s pro-business by scrapping stamp duty on shares July 21, 2026 London’s decline as a financial capital isn’t inevitable. By scrapping stamp duty om shares – a tax that investors in America, China and India simply do not pay – Andy Burnham can turn the City around, says Tom Willerton-Gartside London is being overtaken. Once the undisputed financial capital of the richest country in the world, [...]
Barratt Redrow urges Burnham to slash tax to boost housebuilders July 15, 2026 Barratt Redrow has called on Prime Minister-to-be Andy Burnham to cut taxes to encourage housebuilding and remove “barriers to home ownership”. The FTSE 100 housebuilder urged the government to address “the increasing regulatory and tax burdens that are constraining viability” to “unlock higher levels of housing delivery, including affordable housing”. Burnham has pledged to back [...]
How the boss of Zilch became UK fintech’s power broker July 8, 2026 Last year, Zilch founder Philip Belamant sat down with then-boss of Monzo, TS Anil. As the two friends caught up, Belamant was fizzing with ideas to turn his $2bn British fintech into a global powerhouse, according to sources familiar with the matter. Not long ago, Zilch had set up shop across the pond, and Belamant [...]
‘Too much tax, too much regulation’: Fintech chief sounds alarm on UK economy and IPO market July 7, 2026 The boss of one of the UK’s fastest-growing fintech unicorns has warned the country risks “putting founders off” with overregulation and heavy taxation as speculation rises that the Labour government could make a major lurch to the left. Paul Taylor, who founded banking software firm Thought Machine in 2014, told Morning Wire he feared UK [...]
Londoners should back Andy Burnham’s property tax reforms – not fear them June 26, 2026 Replacing Stamp Duty and council tax with a proportional property tax will make London’s housing market work better, says Andrew Dixon If a “London tax grab” were on the cards, Londoners would rightly be wary. They already face high rents, high mortgages and some of the largest tax bills in the country. Yet Fairer Share’s Proportional [...]
From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy June 26, 2026 Andy Haldane is pressing for a radical shake-up of the UK’s tax and wider economic systems as he heaped praise on the Prime Minister-to-be Andy Burnham for having the potential to bring a “change in vibe” across Britain. Haldane, who is advising Burnham on economic policies and growth, urged the country’s next leader to be [...]
Rayner says she has been cleared by HMRC in fresh Labour leader twist May 14, 2026 Angela Rayner has said she was cleared by HMRC of deliberate wrongdoing or carelessness over her tax affairs, which is set to shake up a divided Labour Party just as Sir Keir Starmer‘s leadership seemed poised to fall apart. Rayner said that she settled a case of unpaid stamp duty and added that she had been [...]