As if on cue, some actual investment good news. Our Stockmarket has sort-of soared (already leading one client to tell me he’s worried it’s too high, no pleasing some people). Apparently, it was football fever that saved the UK from recession. We all went to the pub and bought other stuff, including tech to watch it all on; or went out to avoid the wall-to-wall coverage. China is opening up for business, although they all have Covid, and things are looking further up (themselves, some might say) across the proverbial Atlantic Pond. Fund manager comments: ‘ It might be too early to feel confident, but perhaps pessimism can end. The fear that the world was close some sort of economic precipice seems to have dwindled significantly’. That feels suspiciously like someone else’s glass half-filling. So all good; as long as you don’t need an ambulance.
“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.
