“LV= sale to US private equity should complete by end of 2021”

Jan 27, 2021 | Companies

An independent (financial adviser’s) view

Another big name looking like it will be sold out is LV=, Liverpool Victoria in old money  (why do these companies ditch brand names that have been around for donkeys?). Once again, their board will allegedly do very well out of the deal which is, of course, pitched as great news for policyholders, financially sound etc. etc. Interestingly enough, they wrote to tell my client, from whom I rather embarrassingly heard the news, but not to advisers, and its Christmas timing meant just a few brief trade-press mentions and not a lot of roof-top shouting. We await developments. 

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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.