The UK government’s plan to scrap the “non-dom” tax status—a policy that allowed wealthy foreign residents to avoid taxes on overseas income—was designed to close a loophole and raise billions of pounds in tax revenue. However, according to a new study from the Centre for Economics and Business Research, it might end up costing the economy more than it brings in if just one in four of the 74,000 people affected chooses to leave the country.In this week’s episode of In the City, hosts Allegra Stratton and Francine Lacqua sit down with Nimesh Shah, chief executive of Blick Rothenberg, to unpack what’s at stake. See omnystudio.com/listener for privacy information.
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19:40
Reaction: Is the UK-US Trade Pact a Win?
It's been a whirlwind week for UK trade — first a deal with India, and now, a surprise announcement: a US-UK trade agreement. With aims to reduce trade barriers and increase market access for American imports and industrial exports, this latest deal sets the stage for closer economic ties between the two countries.Hosts David Merritt and Francine Lacqua speak with Dan Hanson from Bloomberg Economics to unpack the US-UK trade deal and what it could mean for the UK's broader economic outlook.See omnystudio.com/listener for privacy information.
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19:12
London May Be Coming for Wall Street Again
London is closing the gap with New York for the title of world’s top financial center, according to the latest Global Financial Centres Index. Is it a signal that the the UK’s efforts to rejuvenate its banking and investment sectors post-Brexit are starting to pay off? On this week’s In The City, host David Merritt sits down with Chris Hayward, Policy Chairman of the City of London Corp., who makes the argument it is.See omnystudio.com/listener for privacy information.
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17:21
The Risk US Tariffs Pose to the UK Economy
On Tuesday, Megan Greene, one of the Bank of England’s most hawkish policymakers, said that while President Donald Trump’s wave of global tariffs is likely to raise prices in the US, the effect in the UK could be the opposite. “I think that the tariffs actually represent more of a disinflationary risk than an inflationary risk,” she says. On this week’s In The City, host Francine Lacqua sits down with Bloomberg UK economy reporter Tom Rees to break down Greene’s comments. They explore how US tariffs could create disinflationary pressure in the UK through trade diversion, and what that means for the BOE's outlook—including the likelihood of aggressive rate cuts and the use of quantitative easing.See omnystudio.com/listener for privacy information.
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15:52
Balancing Act: The British Steel Crisis and China Relations
On this week's In the City, hosts Allegra Stratton and David Merritt delve into the likely nationalization of British Steel and how the crisis at the Chinese-owned company is forcing the Labour government to rethink its relationship with Beijing. Featuring Bloomberg Opinion columnist Matthew Brooker and senior economics reporter Philip Aldrick, the discussion probes conflicting views on China's role as a UK trade partner, and the broader economic implications amid current UK-US trade talks.See omnystudio.com/listener for privacy information.
Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.
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