{"id":84431,"date":"2025-07-28T07:53:40","date_gmt":"2025-07-28T06:53:40","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=84431"},"modified":"2025-07-28T07:53:40","modified_gmt":"2025-07-28T06:53:40","slug":"the-wealthy-are-worried","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/28\/the-wealthy-are-worried\/","title":{"rendered":"The wealthy are worried"},"content":{"rendered":"

The FT has this headline this morning:<\/p>\n

\"\"<\/p>\n

The article says<\/a>:<\/p>\n

UK wealth managers have reported a surge in enquiries from affluent customers after weeks of uncertainty over a potential wealth tax, prompting some to halt their investment decisions and draw up plans to leave Britain.<\/p>\n

Chancellor Rachel Reeves has refused to rule out a possible wealth tax in the October Budget, after former Labour leader Lord Neil Kinnock suggested applying an annual levy of 2 per cent on assets above \u00a310mn.<\/p><\/blockquote>\n

Let's be candid and note that a wealth tax is very unlikely.<\/p>\n

Let's also be clear that unless Rachel Reeves increases taxes paid by the wealthy, she is going to be in deep trouble on many fronts.<\/p>\n

So, the wealthy are worried. But,\u00a0as I have explained<\/a> in the wealth series, the wealthy are always paranoid about maintaining their wealth, and so there is nothing new there.<\/p>\n

And 99% of them won't leave. I will get to that issue very soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

The FT has this headline this morning: The article says: UK wealth managers have reported a surge in enquiries from affluent customers after weeks of
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[204,35,16,147,106,97,222,150],"tags":[],"class_list":["post-84431","post","type-post","status-publish","format-standard","hentry","category-economic-justice","category-economics","category-ethics","category-inequality","category-politics","category-tax-justice","category-wealth-series","category-wealth-tax"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=84431"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84431\/revisions"}],"predecessor-version":[{"id":84433,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84431\/revisions\/84433"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=84431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=84431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=84431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}