New data shows that nearly 4,000 company directors have left the UK in recent months, raising concerns about a potential 'wealth exodus' ahead of possible tax increases.
Shares in UK-listed gambling operators fell sharply after market rumours of potential tax increases on the sector in the upcoming budget.
Reports suggest the UK Chancellor and Prime Minister are preparing the public for potential tax increases and reforms in the upcoming November budget to address a significant spending gap.
The Institute for Fiscal Studies (IFS) has reported that planned council tax reforms could lead to significant bill increases for households in affluent regions like London and the home counties.
UK retailers have cautioned that potential tax increases proposed by Shadow Chancellor Rachel Reeves could lead to higher prices for consumers and job losses.
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