Looking ahead to the Budget

With the budget fast approaching I began to think about its likely content and the implications for the UK economy. One of the major changes is the introduction of new tax legislation for foreign domiciles and the £30,000 charge. This has significant implications for the UK financial services sector and London in particular. London is the World’s premier financial centre. It offers clear and reliable law, free and transparent markets, a strong body of expertise and a competitive tax environment. It has, for some time, been the preferred financial centre for foreign companies, many of ...