Private clubs and boarding schools: Abu Dhabi’s plan to attract ultra-wealthy December 10, 2024 Abu Dhabi is targeting the ultra-wealthy with private clubs, elite schools, and revamped banking, aiming at those considering leaving the UK
The truth about wealth inequality November 28, 2024 The distribution of wealth in the economy has attracted more and more attention among economists following a wealth boom that lasted for four decades. Between 1980 and 2019, British household wealth increased from three to seven-times national income, as cheap credit helped to fuel consistent rises in house prices. “For much of the past four [...]
‘Wealth the new work’: Wealth inequality ‘undermining capitalism’ November 27, 2024 “For most, your house has outvalued you this century – making wealth the new work," Parth Patel, associate director of at the IPPR, said.
Mattioli Woods: Profit slashed at wealth manager as it quit London November 19, 2024 Profit at wealth manager Mattioli Woods was slashed by more than 90 per cent as it prepared to delist from the London Stock Exchange’s AIM, it has been revealed. The Leicester-headquartered was acquired by London-based private equity firm Pollen Street Capital after the deal was first announced in March. In its latest accounts, which have been filed [...]
Scrapping non-dom regime branded ‘monumentally stupid’ by tax advisors November 1, 2024 Several leading tax and wealth advisors have told CityAM that scrapping the non-dom regime without a suitable replacement is a “monumentally stupid decision” that has already prompted some non-doms to leave. One of the key measures introduced in Wednesday’s budget was abolishing the non-dom status, a regime that allowed certain tax breaks for people [...]
St James’s Place: Analysts back UK’s largest wealth manager October 18, 2024 By the end of the quarter, funds under management had swelled to £184.4bn, up from £181.9bn the quarter before and also ahead of consensus.
This is how much sixty of the UK’s wealthiest people paid in income tax October 9, 2024 The figures, which were revealed thanks to a freedom of information request, demonstrate the large contribution made by the UK's richest individuals.
Will the last millionaire to leave Britain please turn out the light? October 9, 2024 More millionaires are leaving Britain than any other country in the world, taking with them investment, jobs and insights. And our loss is the rest of the world’s gain, says James Price Britain is due to suffer the biggest flight of millionaires out of any country in the world over the course of this next [...]
Tory leadership: Pledges of ‘wealth creation’ and red tape cuts in speeches October 1, 2024 Promises to champion “wealth creation” and slash red tape will be offered to party members as the four candidates vying for the Tory leadership give their keynote conference speeches. Kemi Badenoch, James Cleverly, Robert Jenrick and Tom Tugendhat will take to the main stage at the Conservative Party’s annual event in Birmingham on Wednesday morning [...]
Are the super-rich running out of road? September 4, 2024 As more western governments look at ways to increase taxes for the ultra-rich, Ali Lyon asks whether it will work