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☆ UK millionaires are fleeing Britain in their thousands
▼ + stars: | 2024-06-18 | by ( Mark Thompson | ) edition.cnn.com time to read: +4 min

The continuing exodus from the UK — 16,500 millionaires left between 2017 and 2023 — is part of a global mass migration of the rich that appears to be accelerating. The Henley Private Wealth Migration report found that 128,000 millionaires are set to relocate this year, beating last year’s record by 8,000. By contrast, the ranks of the wealthy have grown in the US, Canada, Australia, Germany and France over the same period. “The outflow of high-net-worth individuals already generated by the economic and political context is now being accelerated by policy decisions ahead of the election,” said White. Still, one very rich couple will apparently be staying, whatever the result on July 4.

Persons: Henley, ” Hannah White, —, ” Dominic Volek, Liz Truss, Keir Starmer’s, Rishi Sunak’s, Starmer, Rachel Reeves, ”, White, Akshata Murty, Sunday Times Rich, King Charles, Sunak Organizations: London CNN, Labour, Henley & Partners, Institute for Government, City of, Henley Private Wealth, European Union, Bank of England, Keir Starmer’s Labour Party, Sunday Times Locations: United Kingdom, City of London, China, Japan, Hong Kong, Canada, Australia, Germany, France, Ukraine, England

☆ As the U.K. Tries Moving Asylum Seekers Offshore, Ireland Pushes Back
▼ + stars: | 2024-04-29 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

Britain’s newly ratified plan to put asylum seekers on one-way flights to Rwanda has drawn objections from human rights groups, British and European courts, the House of Lords and even some members of Prime Minister Rishi Sunak’s Conservative Party. The Irish government said last week that asylum seekers in Britain who fear being deported to Rwanda are instead traveling to Ireland. Irish officials estimate that 80 percent of recent applicants for asylum crossed into the country via Northern Ireland, which is part of the United Kingdom, and with which the Republic of Ireland has an open border. That suggests that Britain’s vow to deport asylum seekers to Rwanda is already having something of a deterrent effect, which was Mr. Sunak’s sales pitch for the policy. On Sunday, Ireland’s prime minister, Simon Harris, said, “This country will not in any way, shape or form provide a loophole for anybody else’s migration challenges.”

Persons: Rishi, Simon Harris, ” Organizations: Conservative Party, Northern Ireland Locations: Rwanda, Ireland, Britain, Northern, United Kingdom, Republic of Ireland, Ukraine

LONDON (AP) — U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling, but that any cuts will come along with a squeeze on welfare benefits. British media have reported that there will be relief for businesses and wealthy property-owners in Hunt’s autumn budget statement on Wednesday. But he cautioned to broadcasters on Saturday that “there’s no easy way to reduce the tax burden. The most likely tax cuts are a reduction in corporation tax and slashing inheritance tax, a move that would help the wealthy. Only about 4% of estates have to pay inheritance tax.

Persons: Jeremy Hunt, Hunt, “, ” Hunt, Rishi Sunak’s, Liz Truss, Ken Clarke, “ I’m, ” Organizations: Treasury, Saturday's Daily Telegraph, Conservative, Rishi Sunak’s Conservative, Bank of England’s, Labour Party, Conservative Treasury Locations: Ukraine

MANCHESTER, England (AP) — U.K. Home Secretary Suella Braverman railed against unauthorized migrants, human rights laws and "woke" critics of her hard-line policies Tuesday, as she tried to secure her place as the flag-bearer of the Conservative Party’s authoritarian law-and-order wing. Political Cartoons View All 1196 ImagesBraverman's speech to party activists contained little new policy and had the feel of an election rally. Prime Minister Rishi Sunak’s Conservatives are lagging behind Labour in opinion polls with an election due by the end of 2024. Many members attending the four-day conference are looking ahead to a leadership contest that would likely follow a defeat. Braverman makes some Conservatives worry the party is regaining its image as “the nasty party,” as former Prime Minister Theresa May once called it.

Persons: Suella Braverman, Braverman, ” Braverman, Rishi Sunak’s, ”, shouldn't, Theresa May, Sunak, “, Gideon Skinner, Ipsos, Andrew Boff, ” Sunak Organizations: Home, Conservative, Conservatives, Labour, Human, Englanders, Kingdom's, Delegates, London Assembly, Conservative Party, BBC Locations: MANCHESTER, England, Britain, Rwanda, Cambridge

LONDON (AP) — British regulators on Wednesday approved new oil and gas drilling at a site in the North Sea, a move environmentalists say will hurt the country’s attempt to meet its climate goals. The U.K.'s North Sea Transition Authority said it had approved the Rosebank Field Development Plan, “which allows the owners to proceed with their project.”Britain’s Conservative government argues that drilling in the Rosebank field, northwest of the Shetland Islands, will create jobs and bolster the U.K.’s energy security. One of the largest untapped deposits in U.K. waters, Rosebank holds an estimated 350 million barrels of oil. The field is operated by Norway’s Equinor and the U.K. firm Ithaca Energy, which say they plan to invest $3.8 billion in the first phase of the project. The government says it still aims to reduce the U.K.’s carbon emissions to net zero by 2050.

Persons: ”, Norway’s Equinor, Caroline Lucas, Rosebank, Rishi Sunak’s, Sunak, Claire Coutinho Organizations: —, Transition, Conservative, Ithaca Energy, Green Party, Energy, Rishi Sunak’s Conservative Locations: North, Shetland, Ukraine

☆ U.K. government to veto Scotland’s gender self-recognition law
▼ + stars: | 2023-01-17 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

The Scottish government is likely to challenge the decision at the U.K. Supreme Court. Scottish First Minister Nicola Sturgeon called the decision by Prime Minister Rishi Sunak’s Conservative government “a full-frontal attack” on the Scottish parliament, which approved the bill last month. “The Scottish Government will defend the legislation and stand up for Scotland’s Parliament,” she said on Twitter. This is the first time a U.K. government has blocked a Scottish law since the Scottish government and parliament were established a quarter century ago. The move will provide fodder for nationalists who want Scotland to break away from the U.K. and become an independent country.

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