Chelsea’s mini-manifesto to boost Britain's markets
29 May 2024 — In the last decade, the UK’s economy and
its stock market have been tarnished by a faltering economy
and volatile politics. The economy has lost £140bn since
Brexit*, global allocators have taken flight from the UK
market, and London’s status as the global financial hub
has been undermined.
Spring Budget 2024: UK ISA announced
8 March 2024 — Facing an upcoming election and a fragile
UK economic climate, the Chancellor of the Exchequer was
challenged with crafting a Spring Budget that balanced voter
appeal with a perception of responsible fiscal management.
Therefore, while the tax landscape is set to be altered
significantly, the government took no chances with a budget
that is expected to do little to change the fundamental
economic picture.
The list of tax reforms started with a further 2p cut to
National Insurance contributions, marking one of the largest
individual tax reductions in UK history. Additionally, the
non-domiciled resident “non-dom” tax regime is to be
replaced with a new system, while adjustments to the child
benefit system will see the High-Income Child Benefit Charge
threshold lifted.
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