Britain's Wealthy Face Tax Hikes

This is a Britain news story, published by CNBC, that relates primarily to Rachel Reeves news.

Britain news

For more Britain news, you can click here:

more Britain news

Rachel Reeves news

For more Rachel Reeves news, you can click here:

more Rachel Reeves news

News about United kingdom business & economics

For more United kingdom business & economics news, you can click here:

more United kingdom business & economics news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about United kingdom business & economics, you might also like this article about

tax hikes

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Finance Minister Rachel Reeves news, wealth exodus news, news about United kingdom business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

tax regime

CNBC

•

UK's ultra-rich feel the pinch from Labour's tax-raising budget

Summary

Nutrition label

79% Informative

Britain 's wealthy are feeling the pinch following a slew of targeted tax hikes in the Labour government's budget.

Finance Minister Rachel Reeves last week confirmed the end of the U.K. 's non-dom regime and broadened inheritance tax to worldwide assets.

Many wealthy individuals say they have now become targets and are making good on their pre-budget pledges to leave the UK .

FIFB chief executive Leslie Macleod Miller slammed the government's plans as sparking "economic mire" Other measures aimed at the wealthy include stamp duty on the purchase of second homes and VAT on private school fees.

Private equity managers will now pay a higher rate of capital gains tax ( CGT ) on carried interest.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech