Evelyn Partners AUM reaches new record high of £67 billion, with £2.1 billion of gross inflows delivered in Q3

“When you start paying people to be poor, you wind up with an awful lot of poor people.” — Milton Friedman

A mansion tax is a terrible idea effectively forcing home owners to pay rent to the state. Will kill part of the housing market. Unfair to levy tax on illiquid assets that someone may have no ability pay, especially if value isn’t offset by mortgage debt

Everyone screaming tax the rich, but the top 1% of UK taxpayers now pay 33% of all income tax That’s just 500,000 people contributing £93.8 BILLION in the 2024 tax year Lat that sink it. So when Labour talk about ‘making the rich pay their fair share’… They already are. In

Inheritance tax receipts released 2day (Apr- Sep 25) were £4.4 bn: 2.3% ahead of last yr’s record haul. With limits on Business Relief & Agricultural Property Relief from 2026 & IHT being slapped on pensions from 2027, the number of families hit by IHT is going to skyrocket.

The top 10% of earners foot 60% of all income tax in the U.K. & pay a marginal rate of 45% tax plus NI, so when the Chancellor starts bleating about people needing to pay a “fair share”’ ahead of more tax hikes she has anything but fairness in mind https://t.co/vuEPB4X1JT

“The modern tendency to gratify envy and to disguise it in the respectable garment of social justice is developing into a serious threat to freedom.” — Friedrich Hayek

Tonbridge Grammar School - last year’s ⁦Sunday Times Parent Power International Baccalaureate School of the Year - to abandon IB after Labour scraps modest funding for IB in State schools: vandalises excellence, eliminates choice and drives conformity..

So now, if you currently have £500k in a Stocks & Shares ISA, in theory you could invest the lot in a Bitcoin ETN. But as of next year, that will be treated as an Innovative Finance ISA which your current platform might not offer, nor want to offer?

.....the government will keep the inclusion of cETNs in tax-advantaged accounts under review with a view to including them in the stocks and shares ISA at a later date as the market matures and as consumer understanding deepens."

So this HMRC policy statement on crypto ETNs is as clear as mud: "Initially, cETNs will be automatically eligible for inclusion in stocks and shares ISAs. From 6 April 2026, they will be reclassified as qualifying investments within the Innovative Finance ISA…

A data error in VAT receipt calculations has seen the ONS revise down Government borrowing estimates - embarrassing but will provide some relief to the Chancellor.

Pension savers are dashing to take cash; but is this wise ? https://t.co/mjJggukVK9

“We’ve got to get beyond this thing of being in hock to the bond markets,” says Andy Burnham in his big New Statesman interview. Yet the obvious answer - stop borrowing so much money - does not appear to be in his shadow manifesto, which instead involves mass nationalisation.

Yet another team of economists say tax rises “needed” to curb gov’t borrowing. When will economists point out that what’s needed is public spending cuts? Public spending & tax already historically high. Excessive spending is at root of the deficit problem.

Quite ironic that the founder of the Resolution Foundation tells Labour to stop punishing the rich, given its appetite for ideas to do just that including cuts to tax free pension cash and caps on ISAs!

“In 1922, when I was 23, Mises’s book on socialism came out—and that cured me [of socialism] forever.” — Friedrich Hayek

Rachel's death tax attack on pensions will affect many families. A working-age single homeowner in England with an average-priced home (£290,395) and a “moderate” pension pot of £415,000 will face a death tax bill of £82,158 from 2027. Good analysis by @Telegraph

Spare a thought for hard pressed businesses and workers in the hospitality sector who were hit hard by hikes to employers NIC and the sharp rise in the minimum wage - 45% of all redundancies since Rachel Reeve’s Budget have been in the hospitality sector.

Pensions being liable to inheritance tax from 2927 will jeopardise thousands of businesses whose premises are held in their owners pension - Gary Smith of ⁦@evelynpartners⁩ talked to ⁦⁦⁦@MoneyTelegraph⁩ #IHT ⁦@CutMyTaxUK⁩