US EditionReeves plots Budget tax raid on dividends
- Chancellor Rachel Reeves announced the abolition of the non-dom tax regime and removal of domicile rules starting April 2025 in the UK Budget.
- This move follows Labour's manifesto promise and aims to introduce a new residence-based scheme with competitive terms while closing previous loopholes.
- The Spending Review commits substantial funding to NHS, housing, and defence but leaves other areas with flat or reduced budgets, raising fiscal concerns.
- The Office for Budget Responsibility forecasts £12.7bn raised over five years from these measures, while warnings surface about inheritance, pension taxes, and council tax rises.
- The policy changes could prompt high earners known as Henrys to face higher tax burdens and possibly accelerate estate planning amid uncertain economic conditions.
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Thwaites 'extremely nervous' Reeves will raise taxes in Budget
Beer brewer Thwaites is “extremely nervous” about the possibility of Chancellor Rachel Reeves raising taxes further in her Autumn Budget. The Lancashire-headquartered group, which also owns pubs and hotels, added its industry is “under tremendous pressure” from Reeves’ first Autumn Budget due to the increases in the National Minimum Wage and the employer’s National Insurance contributions. In its annual report, Thwaites said “pubs and the wider …
·London, United Kingdom
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Total News Sources9
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
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