United Kingdom

6784 readers

321 users here now

General community for news/discussion in the UK.

Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.

Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.

Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread.

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

founded 3 years ago

MODERATORS

tom@feddit.uk

GreatAlbatross@feddit.uk

frankPodmore@slrpnk.net

Tony Blair think tank warns Burnham’s tax plans send ‘wrong signal’ (londonlovesbusiness.com)

submitted 1 day ago by IndustryStandard@lemmy.world to c/unitedkingdom@feddit.uk

5 comments fedilink hide all child comments

Sir Tony Blair’s policy institute has delivered an unusually direct intervention in the debate over Britain’s tax strategy, warning Andy Burnham that raising Capital Gains Tax (CGT) could undermine investment at precisely the moment the UK economy needs it most.

The warning comes as Burnham, widely expected to become Prime Minister in the coming weeks following Sir Keir Starmer’s resignation, is reportedly considering aligning CGT with income tax rates as part of a broader effort to strengthen the public finances.

Such a move would represent one of the most significant changes to the taxation of investment income in decades and could raise an estimated £12 billion annually, according to the Centre for the Analysis of Taxation.

But the Tony Blair Institute for Global Change argues the economic consequences could outweigh the fiscal gains.

top 5 comments

sorted by: hot top controversial new old

[–] SaveTheTuaHawk@lemmy.ca 2 points 17 hours ago

The Tony Blair Institute for Global Change is funded primarily through private philanthropy, government contracts for advisory work, and tech-sector partnerships. Its largest single benefactor is Oracle founder and US billionaire Larry Ellison, whose foundation has pledged or donated hundreds of millions of dollars to the organization since 2021.

Fuck off, Tony.

[–] Guilvareux@feddit.uk 1 points 17 hours ago* (last edited 17 hours ago)

WHO THE FUCK CARES ABOUT TONY BLAIR’S THINK TANK

[–] tabris@lemmy.world 17 points 1 day ago (1 children)

Tony Blair can fuck off.

[–] yakko@feddit.uk 16 points 1 day ago

All I need to know about the proposed tax plan is that Blair doesn't like it. All in

[–] mjr@infosec.pub 3 points 1 day ago

"undermine investment"? Undermine investment in so-called advice from former Prime Minsters, perhaps? I understand rich people have invested a lot in that.