@DanNeidle @Frances_Coppola Yes, I think most reasonable people would agree with this - assuming as you say real capital gains are what are taxed.
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Jonathan Ford
9.6K posts
Jonathan Ford
@Grepsul
Media maven. Likes trouble, cycling and regional crime drama. Doing @altifpodcast & also Business Adventures Substack https://t.co/AGud9IfmPf
London Katılım Temmuz 2010
573 Takip Edilen3.7K Takipçiler
Stunned, appalled, shocked etc to see actual tax reform from a politician. This from Wes Streeting today.
A thread on why capital gains tax is broken. It's too low AND too high. & why this is a good proposal.
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@DanNeidle Presumably, if she was unequivocally and wrongly advised, as Mr Aaronson maintains, she will now be seeking redress from the lawyers who gave her that advice.
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If Ms Rayner wants people to accept that she acted properly, and HMRC's decision was correct, then she should release the evidence that led HMRC to conclude she was not careless.
Our report is updated: taxpolicy.org.uk/2026/05/14/why…
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An update on Angela Rayner. I wrote this morning that our team didn't understand why HMRC accepted Ms Rayner was not "careless", and so escaped penalties.
I've since spoken to her lawyer, Graham Aaronson KC.
The conversation was surprising.
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@Warge6 @lewis_goodall Nope. Resigned as PM in June 1935, five months before the general election (when he did lose his seat). So close but not as close as Mr Balfour
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@Grepsul @lewis_goodall Wasn’t McDonald PM in 35 when he lost his seat to Labour standing as national Labour as most of the Labour Party had left the national govt
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Welsh First Minister Eluned Morgan has lost her seat, BBC reporting.
Welsh Labour’s Portillo moment. And it will sting.
A sitting head of government in Great Britain has not lost their seat in a parliamentary election before.
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@thomasforth Interesting. Didn't know about the leccy. Bad call by Manchester to stick with textiles rather than engines
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One of the reasons why Rolls-Royce are in Derby and not Manchester where they were formed is that Derby Corporation (now the city council) offered them subsidised electricity. A nice example of the kind of industrial strategy that went on within the UK in the past.
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Starmer has now turned into Theresa May; a PM who exists on sufferance and for the want of something better
John Rentoul@JohnRentoul
Should Keir Starmer go? My contribution here independent.co.uk/voices/should-…
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@rbrharrison Reasons not have Mr Burnham as prime minister (number 57)
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If only we weren't in hock to the bond markets
FT Economics@fteconomics
UK long-term borrowing costs hit highest level since 1998 ft.trib.al/ZKoEh5g
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@MsLesleySmith Not enough about the historical necessity of Marxism I suspect
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One for discerning book lovers everywhere. Volumes signed by Giorghiu-Dej, Honecker, Brezhnev, etc
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De Wever is, unusually for a European politician, openly pro nuclear. His town -Antwerp - is still heavily industrialised and needs firm power..
Mark Nelson@energybants
Extraordinary EU energy development: The Belgian Government has just announced it intends to buy all seven nuclear units from owner Engie. Perhaps 3, 5 or more reactors are now potentially going to be saved and restarted. Decommissioning work may be stopped immediately.
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@matthewsyed British political reporting is almost 100% tittle tattle. Get a nothing piece of gossip and then apply the "who knew what when" schtick as if it's Watergate. Another sign I fear that we are not a serious country..
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The bandwidth sucked up by the Mandelson non-story is embarrassing. A minor appointment taken in what was perceived to be the national interest. Astonishing that the Westminster bubble is still obsessed but then tittle tattle started to define British politics a long time ago
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This is really shoddy editorialising. Why shouldn't the ambassador make remarks like this in a private setting some months ago? It would be interesting to know who leaked the recording to the FT, when and why. But I guess only the FT reporter knows that..
Sam Coates Sky@SamCoatesSky
The full leaked quotes by the new UK ambassador to Washington Christian Turner to school kids are NUTS - and reckless? ❌It includes saying the PM's future looked "quite touch and go" in February ❌Keir Starmer is a "stubborn guy" ❌Speculating that Labour - if it does badly next week " will be able to go over that threshold (of 80 MPs) and remove him" ❌And on Mandelson affair speculated: "The vetting thing’s a bit of a red herring”. “The problem was he had a bunch of associations that were embarrassing to him and the government that had not been revealed. And, arguably, once they were uncovered, the prime minister moved to sack him.”
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@ChathamHouse @KingsCollegeLon @TheWorldToday My own worry is - given the deteriorating situation - we can really afford a government as useless as this. And I'm very alive to the Hilaire Belloc reasoning for sticking with Starmer: "Always keep a hold of nurse, for fear of dining something worse."
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@ChathamHouse @KingsCollegeLon @TheWorldToday Even showing a modicum of leadership and common sense would probably make the capital markets less tempestuous- and make adversaries moderate their predatory tone about seizing on our evident weakness (Falklands, etc).
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To pay for what the UK's Strategic Defence Review recommends, the UK has four options on defence — and none are easy to implement.
Read Professor Andrew Dorman's (@KingsCollegeLon) latest analysis for @TheWorldToday⤵️
chathamhouse.org/publications/t…
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