Joe Mayes
UK Government Reporter at Bloomberg News
UK Politics reporter for Bloomberg - [email protected]. To send tips or share documents securely -- [email protected], or DM me for Signal
Articles
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1 week ago |
bloomberg.com | Ailbhe Rea |Joe Mayes
Keir Starmer(Bloomberg) -- UK Prime Minister Keir Starmer is less than 10 days away from the biggest parliamentary challenge to his authority in his not-yet year-long tenure. Unpopular cuts to disability benefits unveiled earlier this year as part of Chancellor of the Exchequer Rachel Reeves’ efforts to balance the country’s books are due before the House of Commons for their first vote on July 1, with a large-scale rebellion brewing on the Labour back benches.
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1 week ago |
news.bloombergtax.com | Philip Aldrick |Joe Mayes |Ben Stupples
One of the architects of the UK Labour government’s flagship crackdown on the wealthy said it was a “mistake” to expose non-doms to an immediate 40% inheritance tax on their overseas assets. Arun Advani, director of the independentCentre for the Analysis of Taxation, told Bloomberg News he had recommended staggering the introduction of IHT on the super-rich who live in Britain but are not resident for tax purposes. A gradual approach would have stopped many of them leaving the country, he said.
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1 week ago |
bloomberg.com | Philip Aldrick |Joe Mayes |Ben Stupples
(Bloomberg) -- One of the architects of the UK Labour government’s flagship crackdown on the wealthy said it was a “mistake” to expose non-doms to an immediate 40% inheritance tax on their overseas assets. Arun Advani, director of the independent Centre for the Analysis of Taxation, told Bloomberg News he had recommended staggering the introduction of IHT on the super-rich who live in Britain but are not resident for tax purposes.
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1 week ago |
news.bloomberglaw.com | Ben Stupples |Leonard Kehnscherper |Joe Mayes
The debate over the UK’s “non-dom” status has taken center stage yet again. The decision by Chancellor of the Exchequer Rachel Reeves to end a two-century old tax break for wealthy foreigners has triggered the exit of many well-heeled residents from the country. What started as a trickle of departures risks turning into an exodus as rich individuals grapple with a raft of other changes hitting their finances — from higher taxes on private equity investments to levies on private school fees.
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1 week ago |
bloomberg.com | Ben Stupples |Leonard Kehnscherper |Joe Mayes
London’s financial district(Bloomberg) -- The debate over the UK’s “non-dom” status has taken center stage yet again. The decision by Chancellor of the Exchequer Rachel Reeves to end a two-century old tax break for wealthy foreigners has triggered the exit of many well-heeled residents from the country.
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RT @alexwickham: 4,400 business leaders have moved abroad in the last year in the biggest wealth exodus from Britain in recent history Big…
Exclusive: More than 4,400 business leaders left Britain in the last year amid non-dom tax changes. Comes from Bloomberg analysis of 5 million Companies House filings. Great story by @BenStupples @maxharlow https://t.co/NoYwBQb4m9
Worrying news for Rachel Reeves this morning. The UK economy shrank for the first time in six months, calling into question whether she can achieve the growth she is counting on to fund her spending ambitions https://t.co/LGBoESrJdw
