Ultra-high net worth individuals look for ways to avoid possible equalisation of capital gains tax with income tax Daily Telegraph 13/07/26 Wealthy Britons are preparing to leave the country if Ed Miliband becomes chancellor and launches a new tax raid on the rich, The Telegraph can reveal. Ultra-high net worth individuals based in the UK have contacted international tax advisers looking for a way to avoid the possible equalisation of capital gains tax with income tax in the first months of Andy Burnham’s government . Mr Burnham – who has said the country has “overtaxed jobs [and] undertaxed wealth” – is widely expected to launch a review of CGT ahead of his first Budget later this year. Although the incoming Labour leader has pledged to remain within the party’s manifesto pledges on tax, including not to raise VAT, income tax or National Insurance, he is thought to be considering a range of changes to personal taxation. They could include the equalisation of CGT with income t...
The presumptive prime minister’s plans to build more local authority homes face multiple hurdles Daily Telegraph 11/07/26 Nostalgia. Ah, that gloriously intoxicating longing for the warm glow of an imagined past that never really existed. But then, almost anything seems better than today’s broken Britain, with its stagnant living standards, rapidly changing demographic and failing public services. The decade most fondly remembered in this regard tends to be the 1950s, when Britons were said to have “never had it so good” . It scarcely needs saying that the reality for many people back then did not live up to this sugar-coated perception of Britannia at its finest. But one thing they did seem to get right was that lots of houses were built for Britain’s fast-growing, baby-boomer generation. This was the golden age of UK housebuilding, with more than two million new dwellings built across the decade. More than half of these were council houses to replace homes destroyed in th...