Wealth Exodus After Recent Tax Changes Luxury Homes, Fewer Buyers: is there a wealth exodus? A row of multimillion-pound houses in London’s exclusive Chester Square sits on the market with price cuts, reflecting waning interest from the world’s wealthy elite. Is this a sign? Wealth advisers are apparently reporting that “footloose” super-rich individuals are losing interest […]
UK economy
UK Economy Shrinks 0.1% in May: A Small Dip with Big Implications
Britain’s economy unexpectedly hit a small bump in May, shrinking by 0.1% according to the latest official data. That might sound like a trivial change, but it marks the second monthly contraction in a row and came as a surprise to analysts who had forecast a slight uptick. In simple terms, a GDP contraction means the country’s […]