Yet another reminder, should one be needed, of how quickly things can and will change. A nod and a wink in the right direction from himself and/ or an underling can provide the solace the money men crave and turn a plummet into, if not a soar at this stage, then certainly a bounce.
If someone dies and those who are left to look after things can’t pay any Inheritance Tax due within 6 months, an interest-rate clock starts ticking. It’s currently 2.5% over base rate, so 7.25% but is going up to 4% over, so 8.75% from April.
Should we be bemoaning the ‘exodus of London’s millionaires’? Millionairedom, of course, is somewhat devalued these days (is that a mixed something or other) as a owning a one-bedroom flat in the right part of London elevates you there