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🇬🇧UK CONSUMER CONFIDENCE CRASHES TO WORST LEVEL IN 3 YEARS
Turns out people don't feel great when prices keep rising and paychecks aren't stretching like they used to.
Consumer confidence just had its worst drop in nearly three years, with worries over debt, job security, and inflation destroying everyone's mood.
Businesses are stressed too.
Hiring is down thanks to new taxes, higher minimum wages, and stricter firing rules.
Unemployment hit 4.7% while inflation jumped to 3.6%. No good ending in sight.
Source: Reuters
20.7. klo 19.00
🇬🇧 UK SHUTS TAX LOOPHOLE FOR THE RICH - BILLIONAIRES FLEE
For years, wealthy foreigners in the U.K. used a sweet deal called “non-dom status” to dodge taxes on money made outside Britain.
As long as they didn’t bring that cash into the U.K., they didn’t pay a penny on it.
In April, the government killed that centuries-old loophole, hoping to rake in $45B by 2030.
Instead? The rich are fleeing.
Mansions for sale, jets fired up, and tax havens like Dubai, Italy, and Monaco rolling out the red carpet.
Luxury home sales in London are tanking, and billionaires are skipping town.
Turns out if you try to bill the global elite, they just buy a plane ticket instead.
Source: Wall Street Journal
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