Latest news with #InTheCity
Bloomberg
15-05-2025
- Business
- Bloomberg
Could This Tax Overhaul Spark a UK Wealth Exodus?
Subscribe to In The City on Apple podcasts Subscribe to In The City on Spotify The UK government's plan to scrap the 'non-dom' tax status—a policy that allowed wealthy foreign residents to avoid taxes on overseas income—was designed to close a loophole and raise billions of pounds in tax revenue. However, according to a new study from the Centre for Economics and Business Research, it might end up costing the economy more than it brings in if just one in four of the 74,000 people affected chooses to leave the country. In this week's episode of In the City, hosts Allegra Stratton and Francine Lacqua sit down with Nimesh Shah, chief executive of Blick Rothenberg, to unpack what's at stake. 'A number of jurisdictions have popped up, which are offering very attractive tax incentives and holidays,' says Shah of other destinations the super rich could decamp for. 'The tax is definitely turning a lot of heads for people to consider those locations.' We also dive into how the policy could affect the UK's growth agenda, its potential ripple effects on inheritance tax and whether fears of a mass 'non-dom' exodus are overblown.
Bloomberg
02-05-2025
- Business
- Bloomberg
In the City: London May Be Coming for Wall Street
London is closing the gap with New York for the title of world's top financial center, according to the latest Global Financial Centres Index. Is it a signal that the the UK's efforts to rejuvenate its banking and investment sectors post-Brexit are starting to pay off? On this week's In The City, host David Merritt sits down with Chris Hayward, Policy Chairman of the City of London Corp., who makes the argument it is.
IOL News
25-04-2025
- Entertainment
- IOL News
Summer Walker to electrify Gauteng with her live performance at 'In The City'
US singer-songwriter Summer Walker attends the Baby2Baby gala at Pacific Design Center in West Hollywood, California, November 9, 2024. Picture: Michael Tran / AFP In an exciting development for South African RnB fans, globally acclaimed artist Summer Walker is set to make her highly anticipated debut in Gauteng this October. Following overwhelming demand after Walker was announced as the headliner at the popular Rocking the Daisies festival in Cape Town, she will take center stage at In The City, hosted at the SunBet Arena, Time Square in Pretoria. This highly awaited event, organised by STAY LOW, a prominent Johannesburg-based record label, in association with LVRN (Love Renaissance), offers a unique opportunity for fans to experience Walker's soulful performances in an intimate setting. Known for her thought-provoking lyrics and genre-defining sound, Walker has built a music career that includes era-defining albums such as "Over It" and "Still Over It", both of which have set charts ablaze and garnered a dedicated global fanbase.
Bloomberg
23-04-2025
- Business
- Bloomberg
In the City: The Risk US Tariffs Pose to the UK Economy
On Tuesday, Megan Greene, one of the Bank of England's most hawkish policymakers, said that while President Donald Trump's wave of global tariffs is likely to raise prices in the US, the effect in the UK could be the opposite. 'I think that the tariffs actually represent more of a disinflationary risk than an inflationary risk,' she says. On this week's In The City, host Francine Lacqua sits down with Bloomberg UK economy reporter Tom Rees to break down Greene's comments. They explore how US tariffs could create disinflationary pressure in the UK through trade diversion, and what that means for the BOE's outlook—including the likelihood of aggressive rate cuts and the use of quantitative easing.
Bloomberg
03-04-2025
- Business
- Bloomberg
Navigating the Private Markets Boom
Subscribe to In The City on Apple podcasts Subscribe to In The City on Spotify On this week's In the City, host Francine Lacqua discusses the rise of private credit amid economic uncertainty driven in large part by US President Donald Trump and his global trade war. Joined by Bloomberg senior reporter Silas Brown, Lacqua looks at how key figures like Blackrock Chief Executive Officer Larry Fink have emphasized a shift towards private markets, and the importance of non-publicly traded opportunities as a way for average Americans to build wealth. The discussion also includes the challenges of high interest rates on valuations, and the evolving regulatory landscape required to protect retail investors as they gain access to private investments.
