Ms Reeves told an event at the World Economic Forum in Davos that the Government will make changes that will result in tax treatment that is 'more generous' to some individuals.

It added to the gathering gloom over the economy at the start of the year as supermarket chain Sainsbury's yesterday revealed a cull of jobs while Primark said its sales were suffering.

The monthly consumer confidence index published by market research firm GfK fell in January to -22 from -17 in December, its lowest reading since December 2023. A Reuters poll of economists had ...

Non-dom status enables people who live in the UK to avoid paying UK tax on money made abroad because their permanent home for ...

Prime estate agency brands have backed plans to partially relax changes to the non-dom regime but concerns remain over the impact of inheritance tax rules.

Announcement comes hours after Sainsbury’s says it will cut 3,000 jobs and close cafes following warning of Budget blow ...

Experts said the tax changes contributed to a growing exodus of millionaires from the UK - and the chancellor should find ways to attract them back to help the economy.

The boss of Lloyds Banking Group Plc said he welcomed the UK government’s recent decision to intervene in a landmark court ...

Rachel Reeves has suggested she will alter some of the more controversial non-dom reforms announced in the Autumn Budget.

“Rachel Reeves is thinking the right way but she’s in a difficult position,” said a senior UK bank executive in Davos . “Labour in the UK have made a lot of good decisions but it is very hard for them ...