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01.11.25 - 18:24
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Rachel Reeves considers 20% tax on assets of people deciding to leave UK (The Guardian)
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Plans for 'settling-up charge' predicted to raise £2bn and would follow policy in place among most G7 countriesRich people quitting the UK could be required to pay a 20% tax on their business assets as part of plans reportedly being considered by the chancellor, Rachel Reeves.The Treasury has drawn up plans for a “settling-up charge” on assets; a move that would bring the UK into line with most other G7 nations and raise a predicted £2bn for the public coffers, according to the Times. Continue reading......
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01.11.25 - 17:06
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The London consensus is a timely challenge to Trump′s isolationism | Phillip Inman (The Guardian)
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A debate on how to achieve fairer, greener growth could point the way to a successor for neoliberal capitalismWhat replaces neoliberal capitalism is a question at the forefront of Donald Trump's mind every day.The US president has never much liked those elements of the Washington consensus that celebrate free markets and liberal trade, as we have come to see in both his presidencies. Continue reading......
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01.11.25 - 14:18
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Rise in UK Thanksgivings driven by growing appetite for US foods, retailers say (The Guardian)
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Growing UK American expat numbers also helping boost sales and bookings for a holiday once seen mainly in filmsThanksgiving was once a holiday Britons knew only from American films, but a growing appetite for US cuisine, from Southern-style comfort food to pumpkin pie, is driving a rise in UK celebrations.Retailers and restaurants are reporting increased sales and bookings in the run-up to the American holiday, boosted by British enthusiasm for US flavours and a rising number of American expats now living in the UK. Continue reading......
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31.10.25 - 16:30
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UK house price growth slows as buyers ′sit on sidelines′ before budget (The Guardian)
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Amid talk of property taxes, average price of home rose by 0.3% in October to £272,226, Nationwide saysBusiness live – latest updatesBritish house price growth slowed in October, according to lending data, with analysts suggesting that buyers are “sitting on the sidelines” before a budget that may bring new property taxes.The average house price rose by 0.3% month on month in October, Nationwide said, down from 0.5% in September. The average price of a home was £272,226, up from £271,995 in September. Continue reading......
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31.10.25 - 14:42
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Bank of England wartet noch ab (Anleihencheck)
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Frankfurt (www.anleihencheck.de) - Die britische Notenbank wird ihren Leitzins zunächst nicht senken, so die Analysten der Helaba.
Einige Daten sowie die Haushaltspolitik würden für Unsicherheit sorgen. Weitere Lockerungen seien jedoch absehbar.
Senken oder nicht senken, das sei hier die Frage - für die Bank of England. [mehr]...
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31.10.25 - 14:42
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′The money machine is misfiring′: City blames Brexit for UK′s £20bn productivity headache (The Guardian)
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Poor output since the leave vote has landed Rachel Reeves with a bigger-than-forecast budget spending gapFor Rob Rooney, the impact of Brexit for the City of London is clear. “Frankfurt, Madrid, Milan and Paris are all doing better than they were. It has been at London's expense. There is no question about that.”In his time as Morgan Stanley's top executive in London, Rooney led the US investment bank's relocation of hundreds of bankers and billions of pounds of assets to Frankfurt to sidestep Britain's shock EU departure. More than 440 other City companies followed suit, moving almost £1tn between them – roughly 10% of the entire UK banking system – to financial hubs across the EU. Continue reading......
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31.10.25 - 13:30
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China, UK police join forces to recover funds from massive crypto fraud (SCMP)
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Chinese police are working with UK law enforcement authorities to track down fugitives and illicit funds involved in a massive cryptocurrency fraud and money laundering case, but experts see little likelihood for victims to recoup their losses.
According to a statement, police in the northern city of Tianjin were “doing everything possible” to help more than 128,000 Chinese investors recoup funds caught in a web of fraudulent wealth schemes perpetrated between 2014 and 2017 by a syndicate, which......
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