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At Davos 2025, Barclays CEO CS Venkatakrishnan urged patience for the new Labour government, emphasizing the UK's potential and the need for time to implement policies. Meanwhile, Lloyds CEO Charlie Nunn called for the government to accelerate its plans to boost competitiveness and growth amid concerns over a £40 billion tax-raising budget that could lead to job losses and inflation. Business leaders expressed mixed feelings, with some supporting the government's proactive approach while others warned of the economic impact of recent tax increases.
A group representing the UK’s wealthiest foreigners has made a final appeal to the Labour government ahead of the upcoming budget, warning that higher taxes could drive them away. Varun Chandra, an adviser to Prime Minister Keir Starmer, engaged with Foreign Investors for Britain, who cautioned that Labour's plans to end preferential tax treatment for non-doms may not yield the expected revenue.
Varun Chandra
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business leaders urge patience for new uk government's economic plans
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11:15 21.01.2025
ultra-rich plead with labour to reconsider tax proposals before budget announcement
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18:23 25.10.2024
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