Whilst I admire his spirit, I have to say I’d be concerned, were I a client of this adviser, that he needs help paying for an increase of just £3,000 in his FCA bill, albeit it’s a big %age jump. I also think it’s up to us to protest about it, and there’s the rub. 90% of the 28,000 or so advice firms have less than 5 advisers which makes it very easy for the regulator to divide and rule. Particularly as most of us are loath to put our heads above the proverbial parapet and risk a regulatory shot across the bows or, perhaps, to the heart.
“Rachel Reeves may be forced to raise taxes”
Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.