It’s not just taxes, rent, childcare and a decrepit NHS are driving talent out of the UK August 1, 2024 High taxes are a problem, but the list of factors driving talent away from the UK is far more extensive, writes John Oxley One of the first criticisms levelled at Labour’s intended tax rises is their potential to drive high-productivity workers away from the UK. It is a fair one. In a world where capital [...]
Raising capital gains tax would be a big mistake August 1, 2024 Morning Wire’s consistent warning that the government will raise taxes in their first Budget have been vindicated. Rachel Reeves admitted that “I think we will have to increase taxes” to the News Agents podcast. Labour will no doubt rebut accusations that this is a violation of their election pledges with references to their weaselly caveat [...]
Rachel Reeves: ‘I think we will have to increase taxes’ July 31, 2024 Speaking on the News Agents podcast, Rachel Reeves said "I think we will have to increase taxes in the Budget".
Labour will drive away wealth creators July 31, 2024 Labour have talked a good game on growth, but all their early actions seem precision calculated to deter investors, says James Price I’m not sure if Rachel Reeves is a fan of musical theatre, but going into her economic statement on Monday, she would have done well to heed the words of George Washington in [...]
The real ‘black hole’ in the public finances is the debt July 31, 2024 The Chancellor is right, the public deserve to know just how bad the economy is – so she should be honest about the millions of pounds a day that are added to the national debt, says John O’Connell Reeves’ tone was one of righteous fury on Monday as she bellowed at the opposite benches for [...]
C-suite executives list tax certainty as a priority from Reeves, survey finds July 29, 2024 Clarity on tax is the number most important thing bosses want from the new government, a survey of C suite execs has found.
US confidence in UK business environment improves but concerns over tax grow July 24, 2024 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 July 24, 2024 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 [...]
Make no mistake, tax rises are on the way July 23, 2024 Evidence is piling up that Chancellor Rachel Reeves will almost certainly be forced to raise taxes this autumn, Chris Dorrell writes
Non-doms are paying record taxes, but Labour will shove them out the door July 12, 2024 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 [...]