Louise Haigh and Jonathan Reynolds are bound to butt heads over the green transition 18 November 2024 - Daily Telegraph Link It was Europe for the Conservatives for much of the last twenty years, reform of public services and the Iraq war for the Blair government, and Europe again during the Thatcher years. Every governing party starts fighting amongst themselves eventually. And this government won’t be any different. With looming job losses from Ed Miliband’s ideological crusade to make Britain the global leader on climate change it is already clear that a civil war within Labour is about to break out over net zero – and the battle will be a vicious one. At a crunch meeting later this week, the car-makers will tell the Transport Secretary Louise Haigh and the Business Secretary Jonathan Reynolds that thousands of jobs in the industry will soon be lost because of the unrealistic targets to sell Electric Vehicles. The companies already have to make sure that 22 per cent of the vehicl
Luxury property sales slumped amid uncertainty around tax changes, analysis reveals 18 November 2024 - Daily Telegraph Link Uncertainty ahead of Labour’s Budget sparked a slump in luxury property sales – costing the Treasury £140m in lost stamp duty, analysis shows. Nervousness around how the Chancellor would target wealth deterred investors from buying homes worth more than £5m, experts said. Research by Knight Frank, the estate agents, found there was a shortfall of 107 property sales worth between £5m and £10m between March and October. For properties worth over £10m, there was a shortfall of 35 sales. The loss equated to £140.3m in stamp duty revenue, Knight Frank said. It comes as Labour faces criticism for its failure to stamp out rumours ahead of the October 30 Budget around what could have been included. Reports ahead of the event speculated that Rachel Reeves was about to impose a number of drastic changes to capital gains tax, stamp duty and the non-dom regime. She also came