Latest in Uk Hits Wealthy
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UK hits wealthy with raids on non-doms, private equity and estates
Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreignersBusiness - Financial Times - October 30 -
Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - October 30 -
Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - October 30 -
UK shoppers hit by taramasalata shortage after strike
Workers at food manufacturer Bakkavor have walked out in a dispute over payBusiness - Financial Times - November 11 -
UK renters hit by housing supply squeeze
Number of new properties coming to market is weakest since 2021, driving rent rises, Rics survey findsWorld - Financial Times - November 14 -
Disruptive snow to hit UK as weather warnings issued
Snow and ice warnings have been issued and disruption is possible as the weather turns colder across the UK.Top stories - BBC News - 5 days ago -
Fresh weather warnings as UK hit by cold snap
Fresh warnings of snow and ice announced for parts of the UK going into Thursday and the weekend.Top stories - BBC News - 3 days ago -
'Multi-hazard' Storm Bert causing disruption across UK
High winds and snow are affecting road and rail travel, while heavy rain brings the potential for flooding.Top stories - BBC News - 2 hours ago -
Why it’s hard to box in the wealthy on tax
Budget measures and missed opportunities show difficulty of raising large sums from highly mobile executivesWorld - Financial Times - October 30 -
Fuel duty frozen but vehicle excise duty surges
Motoring organisations said chancellor’s reversal of planned fuel duty rises was ‘a big relief’World - Financial Times - October 30 -
UK borrowing costs hit highest level this year as gilt sell-off intensifies
Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ BudgetBusiness - Financial Times - October 31 -
UK house prices hit record high in October, says Halifax
Typical property now costs £293,999, surpassing previous peak set in June 2022World - Financial Times - November 7 -
Budget fallout will hit UK plc’s squeezed middle hardest
Smallest private sector employers will be protected from NI increase while big business can pass cost on to consumerWorld - Financial Times - November 11 -
UK government considers ‘flexibilities’ to help carmakers hit EV targets
Transport secretary Louise Haigh says she is ‘listening mode’ about manufacturers’ challengesWorld - Financial Times - 6 days ago -
UK hits Iran with new sanctions for supplying missiles to Russia
The U.K. government has hit Iran with new sanctions for sending ballistic missiles and other weapons to Russia in support of the war against UkraineWorld - ABC News - 4 days ago -
UK retailers warn Reeves of £7bn hit from Budget changes
Changes to national insurance, national living wage and an existing packaging levy set to raise costs in the sectorBusiness - Financial Times - 4 days ago -
How might Russia respond to UK and US letting Ukraine hit it with their missiles?
Moscow has rattled its nuclear sabres, but experts say an increase in hybrid, ‘grey zone’ warfare is more likely. Moscow has threatened to retaliate for the decision taken by the US and the UK to ...World - The Guardian - 2 days ago -
The Papers: 'Business blames budget' and 'UK economy takes hit'
A survey indicating a slowdown in private business activity, which some blame on the government, leads the front pages.Top stories - BBC News - 17 hours ago -
UK borrowing costs hit post-election high on eve of Reeves’ first Budget
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - October 30 -
UK’s rising fiscal burden narrows tax gap with Europe
Britain’s fiscal picture is closer to EU averages than it has been for decadesBusiness - Financial Times - October 30 -
National insurance rise will hit lower-wage parts of UK economy hardest, study shows
Findings of IFS think-tank come as Reeves acknowledges policies could dampen pay growthBusiness - Financial Times - October 31 -
More than one in three children in poverty as UK deprivation hits record high
Exclusive: Study finds almost quarter of UK population living in poverty, reaching the highest level this century. • Poverty figures render government numbers too little and action very late . ...World - The Guardian - 4 days ago -
Record numbers of wealthy Americans are making plans to leave the U.S. after the election
Attorneys and advisors to family offices and high-net-worth families said they're seeing record demand from clients looking for second passports or long-term residencies abroad.Business - CNBC - November 1 -
Cop29 could change the financial climate for the world’s wealthy polluters
This week’s summit will focus on paying for the costs of global heating – and much more money is needed. About 50,000 government officials, policymakers, investors and campaigners will gather in ...World - The Guardian - November 10 -
Bridgewater’s Bob Prince buys $12mn home in wealthy Hong Kong enclave
Hong Kong Monetary Authority official calls for applause for executive’s purchase at finance conferenceWorld - Financial Times - 3 days ago -
UK will allay Trump concerns over Chagos Islands, says minister, as Priti Patel says Tories opposed to deal– as it happened
Stephen Doughty, foreign office minister, says if UK had not negotiated a deal with Mauritius, ‘a legally binding decision against UK seemed inevitable’. Wes Streeting has now delivered his ...World - The Guardian - November 13 -
Moscow says first Ukrainian attack on Russia with US-made missiles signals west wants to escalate conflict – Russia-Ukraine war live
Russian foreign minister says his country will do everything possible to avoid nuclear war after Ukraine fires Atacms into Russia for first time . Russian President Vladimir Putin on Tuesday ...World - The Guardian - 3 days ago -
89% of Americans say they do not consider themselves wealthy — here's what stands in the way
For many Americans, the definition of what it means to be well off is relatively modest. And yet, only one-tenth of Americans consider themselves wealthy today.Business - CNBC - 4 days ago -
How Morgan Stanley Stepped Up its Courtship of Near-IPO Employees as Wealthy Clients
The investment bank signed an agreement with Carta, a shareholder management company for startups, which estimates about 2,000 of its clients are at companies likely to go public.Business - Inc. - 3 days ago -
‘I know it’s awkward to give advice to wealthy people’: My wife, 50, has terminal cancer. Our estate is worth $18 million. How do we prepare?
“We have two children ages 19 and 21, with one starting law school and the younger planning on medical school.”Business - MarketWatch - November 7 -
The UK in Trump’s world
Plus, Kemi Badenoch’s first steps as the new Tory leaderWorld - Financial Times - November 8