“Donald Trump is winning. Business, beware”

Jan 22, 2024 | Economy

An independent (financial adviser’s) view

There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a businessman himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it? Until Covid, that is? Well, perhaps not. It’s uncertainty that worries both markets and business owners and the one thing you know about Trump is that you really don’t know what the heck he might do. There’s a similar, but opposite, misconception here about a Labour government. Several people have said to me, surely the markets will crash, they’ll bankrupt the economy, won’t they? Historically, not the case, remember the boom times of Swinging London (kids etc.) and Cool Britannia? After a while, if any government’s in for too long, events take over; and, my goodness, haven’t they just for the current lot. 

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“Rachel Reeves may be forced to raise taxes”

“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.