Latest news with #IntheCity
Bloomberg
4 days ago
- Business
- Bloomberg
In the City: Can the UK Spending Review Turn Ambition into Action?
With the UK government's spending review fast approaching, all eyes are on Westminster. In a matter of days, the public will gain a clearer sense of how funding is set to be allocated across departments over the next three years. There's growing speculation that Chancellor of the Exchequer Rachel Reeves will make a significant push on infrastructure—a signal, perhaps, of shifting priorities. In this week's episode of In the City, hosts Allegra Stratton and Francine Lacqua sit down with Sam Richards, chief executive of the think tank Britain Remade to unpack the upcoming review and step back to look at the bigger picture: Could this mark a real turning point?
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
14-05-2025
- Business
- Bloomberg
In the City: Could This Tax Overhaul Spark a UK Wealth Exodus?
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.
Bloomberg
02-05-2025
- Business
- Bloomberg
London May Be Coming for Wall Street Again
City of London Policy Chairman Chris Hayward tells In the City that the UK financial industry is bouncing back from the aftermath of Brexit.
Bloomberg
16-04-2025
- Business
- Bloomberg
In the City: The British Steel Balancing Act
On this week's In the City, hosts Allegra Stratton and David Merritt delve into the likely nationalization of British Steel and how the crisis at the Chinese-owned company is forcing the Labour government to rethink its relationship with Beijing. Featuring Bloomberg Opinion columnist Matthew Brooker and senior economics reporter Philip Aldrick, the discussion probes conflicting views on China's role as a UK trade partner, and the broader economic implications amid current UK-US trade talks.
