Plans to abolish non-dom status will be amended to allow a more generous phase out of tax benefits, Chancellor Rachel Reeves has announced. Reeves told an audience at the World Economic Forum in Davos that changes would be made to upcoming legislation to increase the generosity of a facility to help non-doms repatriate their funds to the UK.
That left Rachel Reeves, Britain’s chancellor, with an uphill task when she arrived at the Swiss alpine town to court investors at the annual meeting of the World Economic Forum. She met a raft of Wall Street bosses,
For a Labour chancellor it was a bold move: Rachel Reeves went to Davos and told an audience of global plutocrats that she wanted to make their lives easier by creating a riskier regulatory environment for UK consumers.
British finance minister Rachel Reeves told Reuters on Thursday that she will announce changes if necessary in March to meet her fiscal rules, but added that it was important not to "jump the gun" with two months still to go.
If Chancellor Rachel Reeves wants to launch a tax raid on the nation's retirement pots she's chosen the right man for the job.
British finance minister Rachel Reeves told Reuters on Thursday that she will announce new budget measures if necessary in March to meet her fiscal rules, but added that it was important not to "jump the gun" with two months still to go.
Supermarket giants have called on the Chancellor to U-turn on her inheritance tax plans which could threaten the UK's "food security".
Rachel Reeves, U.K. Chancellor of the Exchequer, joins 'Squawk Box' to discuss her efforts to bring U.S. companies to the U.K., impact of President Trump's tariff proposals, trade partnership with U.S.
British finance minister Rachel Reeves plans to introduce new budget measures in March if needed to adhere to fiscal rules, emphasizing caution before the OBR's forecast. Economic data may push for further actions following tax increases and increased borrowing,
We got the latest UK employment data this morning. With the usual caveats around its reliability, there are signs of the market slowing — unemployment rose from 4.3% to 4.4% — but wage growth remains strong. Both regular pay and pay with bonuses rose by 5.6% in the year to November, which means wages are rising well ahead of inflation.
The chancellor, speaking to Sky News at Davos, says she does not think the UK would be a target for tariffs threatened by president Donald Trump.
Rachel Reeves is set to make a change to the UK government’s crackdown on non-domiciled residents in an attempt to allay concerns about the tax reforms announced in October’s Budget. The chancellor told a fringe event at the World Economic Forum in Davos on Thursday that the government would soon table an amendment to its own finance bill.