Reeves

British businesses pile on the pressure on U.K. Fin Min Reeves newsthirst.

newsthirst1 month ago1 month ago07 mins

Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images Home improvement retailer Kingfisher became the latest British company to report a negative impact from U.K. Finance Minister Rachel Reeves’ October budget —…

UK to soften tax rules for wealthy foreigners after millionaire exodus, Rachel Reeves says newsthirst.

newsthirst3 months ago3 months ago05 mins

Rachel Reeves, UK Finance Minister, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC The U.K. will soften some planned changes to its controversial non-dom tax rule following concerns of a millionaire exodus, the Treasury has confirmed. Britain’s 200-year-old non-dom regime permits people…

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