In today’s newsletter: Some think taxing the super-rich is a moral obligation, others says it drives cash away from the country. The truth may be somewhere in the middle
Morning pals, and let’s join in a heartfelt ευχαριστώ (thank you) to hedge fund billionaire Chris Rokos for the estimated £330m he paid to the UK Treasury last year, and sadly won’t be contributing in future as he’s relocating to Greece.
The publicity shy tycoon (and former Tory donor) has not made explicit his reasons for leaving the UK: so one can only speculate Rokos may be drawn by the noted health benefits of the Mediterranean diet, or the Greek government’s attractive €100,000 flat tax for overseas investors.
UK politics | Ministers are facing a backlash from the hospitality industry after they announced mayors in England would be given sweeping powers to levy taxes on holiday accommodation such as hotels and Airbnbs.
Economy | Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation.
US news | JD Vance made a clear pitch that he should be the heir to Donald Trump, closing out the Republicans’ midterm convention with a blistering speech that featured exaggerated claims of success.
Israel | Testimony from 24 Israeli military insiders on the secret systems used in the war on Gaza has been revealed in a new documentary film about the mass killing of Palestinian civilians.
UK news | Consumers will pay higher energy bills unless the UK government speeds up work on a vast programme of upgrades to the electricity grid to enable the switch to renewables, the public spending watchdog has warned.
Continue reading…In today’s newsletter: Some think taxing the super-rich is a moral obligation, others says it drives cash away from the country. The truth may be somewhere in the middleMorning pals, and let’s join in a heartfelt ευχαριστώ (thank you) to hedge fund billionaire Chris Rokos for the estimated £330m he paid to the UK Treasury last year, and sadly won’t be contributing in future as he’s relocating to Greece.The publicity shy tycoon (and former Tory donor) has not made explicit his reasons for leaving the UK: so one can only speculate Rokos may be drawn by the noted health benefits of the Mediterranean diet, or the Greek government’s attractive €100,000 flat tax for overseas investors.UK politics | Ministers are facing a backlash from the hospitality industry after they announced mayors in England would be given sweeping powers to levy taxes on holiday accommodation such as hotels and Airbnbs.Economy | Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation.US news | JD Vance made a clear pitch that he should be the heir to Donald Trump, closing out the Republicans’ midterm convention with a blistering speech that featured exaggerated claims of success.Israel | Testimony from 24 Israeli military insiders on the secret systems used in the war on Gaza has been revealed in a new documentary film about the mass killing of Palestinian civilians.UK news | Consumers will pay higher energy bills unless the UK government speeds up work on a vast programme of upgrades to the electricity grid to enable the switch to renewables, the public spending watchdog has warned. Continue reading…
