M Levin & Co

M Levin & Co Taxation Practitioner providing essential information (and protection) in tax - and - Accountancy,

29/05/2026

Media Tax Highlights - Friday 29 May 2026

Green taxes

Ministers in talks over shelving carbon tax on fertiliser to curb UK food inflation - The Guardian (Helena Horton and Jessica Elgot)

Ministers are reported to be in discussions about suspending a carbon tax on fertilisers, due to come into effect early next year, in an effort to curb food inflation. The move would be part of a package of measures, including the suspension of import tariffs on a range of foods including bread, biscuits and bananas. Government sources said they were looking at suspending tariffs on a range of fertilisers in order to discourage farmers from leaving fields fallow.

Employment taxes

Britain cannot afford a lost generation: Retailers sound alarm as youth joblessness tops 1m - Daily Mail (Emily Hawkins)

The Mail reports that retailers are struggling to hire young people as tax increases, including in employer national insurance contributions, and changes to workers' rights, impact the job market. Helen Dickinson, chief executive of the British Retail Consortium, notes that 1.01 million people aged 16 to 24 are not in education, employment, or training, the highest total since 2013.

"Tax trap" warning for millions of Brits struggling with costs -
- Daily Star (Rory Poulter)

Research by Omnisend shows that 25% of UK adults have additional income sources, with “side hustles” contributing £8.5 billion a month to the economy. Experts have warned that many people may not realise supplementary income can attract HMRC scrutiny.

Scotland

SNP Stephen Flynn on Scottish income tax, business rates, Kate Forbes - The Herald (Ian McConnell)

Individuals who have put more into the Scottish income tax system up until now have “perhaps not got as much left to give as some other people would like to think that they do”, says the new Scottish Cabinet Secretary for Economy, Tourism and Transport Stephen Flynn in an interview with The Herald. He added: “I think it’s important, whether it’s income tax or whether it’s non-domestic rates… we need to be clear that there’s going to be a direction of travel of proper engagement both with the business community and with wider society about where we seek to go and how we do that in a way which allows us to have sustainable finances to invest in the infrastructure and capital projects.”

John Swinney told Scotland needs 'post-election reality check' on tax or public services will suffer - Daily Record (Chris McCall)

The Scottish Greens have urged First Minister John Swinney to increase taxes on the wealthy instead of cutting public sector jobs. Jamie Livingstone of Tax Justice Scotland argues that Scotland should "start taxing wealth properly to help fund the fairer future people were promised." Campaigners said the election earlier this month had "largely sidestepped the reality of Scotland’s public finance challenge".

Property taxes

Labour hits rural landlords with ‘nice pub tax’ -
- The Daily Telegraph (Nick Gutteridge)

Rural pubs are facing a new "nice pub tax" under guidelines from HMRC. This tax targets establishments in attractive locations or those with community significance, leading to higher business rates. Nearly 40,000 pubs are undergoing revaluation, which could significantly increase their tax bills. The Telegraph is running a “Save Our Pubs” campaign, which calls on the Chancellor to cut the tax burden on struggling landlords.

Burnham and the case for a land value tax -
- Financial Times (Murad Qureshi)

In a letter to the FT, Murad Qureshi, chair of Labour Land Campaign, advocates for a land value tax, saying there is evidence that such levies stimulate productive activity and drive economic growth. “Tax reform is critical to fund progressive social care and council house building,” he writes. “History demonstrates that a substantial land value tax (LVT) stimulates productive activity and drives economic growth”.

Pensions

UK households warned of 67% ‘double tax’ as Rachel Reeves makes change - Daily Express (Brian Dillon)

The Express highlights that changes to tax rules due in April 2027 would see the pension pots of people who are over 75 when they die subject to both inheritance tax and income tax, leading to what critics call a "double tax" of up to around 67%. The move has drawn criticism, as pots were previously seen as a tax-efficient way for people to store money. HMRC has said it will begin a public campaign to explain the changes to everyone affected towards the end of this year. Following that, it will publish final official guidance and support materials in spring 2027.

28/05/2026

Media Tax Highlights - Thursday 28 May 2026

HMRC

HMRC gives trans people access to VIP hotline -
- The Telegraph (Noah Eastwood)

The Telegraph reports that transgender people have been given access to a ‘fast-track’ helpline operated by HMRC. They report that people who have legally changed gender with a Gender Recognition Certificate have their records restricted, meaning only a select few officials are able to access them. The paper goes on to state that those using the ‘PD1’ helpline, which also includes MPs and members of the Royal Family, benefit from shorter wait times, although they are unable to access the full suite of HMRC’s digital services because of restrictions on their data. HMRC said the move was necessary because transgender people require “greater protection” to ensure confidentiality under equality laws. Those criticising the policy said HMRC would be better off focusing on improving wait times for all customers.

Customs duties

UK retailers call for £2.60 small parcels charge to close customs loophole - Financial Times (Philip Stafford and Ashley Armstrong)

Retailers, including Marks & Spencer, Primark and Next, have urged the government to impose a charge of £2.60 on low-value goods from overseas to close a loophole used by online retailers such as Shein and Temu. In their letter to the PM last week, they called for a flat fee for small parcels worth less than £135, which are currently exempt from import duties.

Artificial Intelligence

A.I. Raises Job Security Fears for Accountants, Global Survey Says -
- Bloomberg (Michael Kapoor)

A survey by the Association of Chartered Certified Accountants found that over half are worried about how A.I. could affect their jobs. The survey of more than 11,000 finance professionals across 160 countries also found that nearly two-thirds of respondents want their work to make a positive social impact and help tackle climate change.

Scotland

John Swinney urged to replace 'outdated and unfair' council tax -
- The National (Steph Brawn)

Tax Justice Scotland has called on the Scottish government to replace the council tax and introduce a levy on private jets. Jamie Livingstone, a member of Tax Justice Scotland, said the measures were ‘urgently’ needed. The Scottish government has tabled a parliamentary debate on wealth taxes next Thursday.

Student loans

Student loan system acts as ‘tax on ambition’, graduates tell MPs -
- Financial Times (Chris Smyth)

More than 50,000 people have responded to a survey by the House of Commons Treasury Select Committee on the student loan system in England and Wales, which found widespread dissatisfaction with the way the system works. Graduates described repayments as burdensome, describing them as a “tax on ambition,” and called the £29,385 repayment threshold frozen by the government last year a “stealth tax.” A government spokesperson said it was working to make the system ‘fairer’.
[NB Isn't it sad that so many "official" replies claim that "we are working on it?" Reading the circa1980 book: "Your Disobedient Civil Servant" by Leslie Chapman, amply illustrated this adopted clichéd stance]

27/05/2026

Media Tax Highlights - Wednesday 27 May 2026

Economic policy

Blair: Starmer has no plan for Britain - - The Telegraph (Nick Gutteridge and Dominic Penna)
- Tony Blair wades into Labour’s battle to replace Keir Starmer (The Times - Geraldine Scott)
- Tony Blair accuses Starmer of damaging economy by clinging to manifesto pledges (City A.M. Maria Ward-Brennan)

Sir Tony Blair has accused the government of lacking a “coherent plan” and pursuing economically damaging policies. In an essay for his eponymous think tank, the former Prime Minister said that the Budgets put forward by the government had “undermined business confidence”. Blair added that the government should have dropped policies including changes to the non-dom regime, and criticised the decision to increase employers’ national insurance rather than increase VAT. A spokesperson for the Prime Minister said he was “fully focused on delivering [sic. It's that cliché yet again] change for working people”.

Corporation tax

London makes up more than a third of UK corporation tax receipts - CityA.M. (Mauricio Alencar)

Data from the Office for National Statistics (ONS) shows London generated £33.4 billion in corporation tax in 2024/25, 36% of the UK total of £93.1 billion. The figures show that the capital also raises about a quarter of income tax receipts, contributing nearly £250 billion to government revenue, but brings in less VAT than the South East of England. The data found spending in London is lower than the tax receipts it generates, meaning the capital had a fiscal surplus compared with regions such as the North of England.

Capital gains tax

Wes Streeting’s capital gains tax plan risks ‘disrupting’ growth -
- CityA.M. (Mauricio Alencar)

Wes Streeting’s support for aligning capital gains tax with income tax alongside an investment allowance has divided City advisers. Centax economists and some Labour MPs have argued that an investment allowance could boost entrepreneurship and fund tax cuts, while Blick Rothenberg analysts warned that the change would “be hugely disruptive” at a time when economic stability is needed.

Business taxes

Amazon’s UK tax bill rises to top £1.3bn - The Times (Chris Dorrell)

Amazon’s UK tax bill exceeded £1.3 billion last year, rising by over 20% due to higher labour and operating costs. The direct taxes the company has to pay include corporation tax, business rates, employer national insurance and digital services tax.

Financial literacy

Two-fifths of adults are baffled by their finances, warns Rishi Sunak - Daily Mail (Kristina Wemyss)

Research by the Richmond Project, founded by the former Prime Minister Rishi Sunak, suggests that two-fifths of UK adults struggle with financial literacy, affecting debt management and retirement savings. Of more than 10,000 people surveyed, only 28% understood concepts such as compound interest and inflation, with women seen as particularly disadvantaged.

26/05/2026

Media Tax Highlights - Saturday 23 to Tuesday 26 May 2026

Wealth taxes

Wealth taxes just won't work... Labour should tackle the soaring benefits bill instead - Daily Mail (Ruth Sunderland)
- You can’t help the poor by hammering the wealthy (Daily Telegraph – Matthew Elliott)

Writing in the Daily Mail, Ruth Sunderland says a wealth tax proposed by Labour leadership hopeful Wes Streeting could significantly impact private investors and small business owners. Streeting’s plan would equalise capital gains tax with income tax, which the Labour leadership hopeful claims could raise £12 billion. Critics argue that the plan could harm the UK's business environment and suggest scrapping stamp duty on share trading instead. In the Telegraph, Matthew Elliott added that analysis suggests the plan would not raise the amount Streeting claims.

Inheritance tax and pensions

HMRC reveals how new inheritance tax rules will work - - - - Daily Express (Jon King)

HMRC says most estates will continue to not pay inheritance tax ahead of changes to pension rules next year. As of April 6, 2027, defined contribution pensions will be subject to inheritance tax at a standard rate of 40%. This change will affect approximately 10,500 estates, with an additional 38,500 facing increased IHT liabilities.

Labour leadership hopefuls urged to rule out pension tax raid - - Daily Mail (Hugo Duncan)

The Government has been urged to commit to protecting pensions from taxes, with AJ Bell emphasising the need for reassurance for workers regarding their retirement savings. With it suggested that Andy Burnham and Wes Streeting may look to challenge Keir Starmer's position as Labour leader, there are concerns that a new Prime Minister - and potentially a new Chancellor - may target pension contributions and tax-free withdrawals.

Employment taxes

Scrap tax on overtime hours, says Reform UK - - BBC News (Kate Whannel)
- Reform UK tax cut pledge raises doubts (City AM – Mauricio Alencar)

Reform UK has said it would eliminate income tax on overtime for those earning under £75,000, with party leader Nigel Farage pledging to "make work pay." The party added that "the hardest workers receive nothing from the Government but eye-watering bills and sky-high taxes." The proposal is estimated to cost £5bn a year and would focus on workers who exceed a 40-hour week. The proposal has drawn criticism from economists, with concerns about productivity and job security. Julian Jessop, former chief economist at Capital Economics, said the policy could harm productivity and welfare, while Helen Miller [yes, she of the Laffer Cirve denial] of the Institute of Fiscal Studies said the policy was "problematic in principle and practice."

Environmental taxes

Industry chiefs slam packaging tax that could push food prices higher - City AM (Mauricio Alencar)

Industry leaders have expressed concern over the government's new packaging tax, which they claim will unnecessarily inflate food prices. The Extended Producer Responsibility (EPR) regime will increase taxes on certain containers by 19% and on plastic by 15%. The government maintains that the EPR will generate over £1 billion annually and create 25,000 jobs, but critics warn that rising costs will ultimately burden consumers. `


Big state pension £25,140 tax threshold decision update as MP showdown set - Sunday Express (Ben Hurst)

Campaigners are calling on ministers to increase the personal allowance for pensioners. They argue that the current freeze at £12,570 until April 2031 will lead to more pensioners facing income tax. Dennis Reed, of Silver Voices, emphasised the need for special measures to protect modest-income pensioners. The Treasury says that those relying solely on the state pension will not pay income tax.
[NB For those who have read our comments previously, it is recorded that our suggestionn of re-introducing the old "Age Allowance" whereby pensioners over a certsin age are givven an "Additional Age Allowance" would solve this predicaments - as well as save on administrative costs; to say nothing of the stress imposed n pensioners with income only slightly above the existing tax allowance figure]

Tax returns

HMRC issues £900 warning to millions of UK households - - Sunday Express (Toby Codd and James Rodger)

HMRC has warned households to act quickly to avoid daily penalties for late self-assessment tax returns. Those who missed the January 31 deadline for 2024/25 tax returns face penalties of £10 per day, with the overall penalty capped at £900. After six months, those who have failed to file their return face a further penalty of 5% of the tax due or £300, whichever is greater. An automatic £100 penalty was triggered for missing the initial deadline.

Tax avoidance

Government chatbot (reluctantly) helps users avoid tax -
- Daily Telegraph (Noah Eastwood)

The government’s new A.I. chatbot has been found providing advice on avoiding inheritance tax. Launched to assist with everyday queries, the bot suggested methods like using overseas trusts to reduce tax liabilities. The Telegraph says that it was able to get the chatbot to outline ways of lawfully reducing inheritance tax bills, including the use of trusts. A government spokesman said the bot shares existing guidance, not new advice.

Property taxes

Chancellor’s stamp duty raid backfires as sales slump - - Daily Telegraph (Benedict J Smith)

Lower stamp duty land tax thresholds have led to reduced tax receipts, with the £4.3 billion collected in the first four months of the year around 6% less than 2025. The Telegraph says that the threshold cut from £250,000 to £125,000 increased costs for average buyers by £2,500, while first-time buyer relief fell from £425,000 to £300,000. Experts argue the changes slowed housing transactions, particularly in London and the South East, key regions generating roughly half of total stamp duty revenue in the UK.

Burnham set to bring in £35bn land tax - - -- - Daily Telegraph (Pieter Snepvangers)
- Andy Burnham plots property tax raid as he begins by-election campaign (The Times – Oliver Wright, Geraldine Scott and Constance Kampfner)

Andy Burnham plans to introduce a land value tax if he becomes prime minister. The Mayor of Greater Manchester has suggested potential tax increases for landowners as he campaigns for a return to Westminster. He believes the UK's tax system favours wealth tied to land and property, asserting that land is "undertaxed" and argued for an overhaul of council tax and business rates. He did however promise not to raise income tax, VAT, or national insurance rates if elected.

22/05/2026

Media Tax Highlights - Friday 22 May 2026

VAT/cost of living

Cheaper theme park tickets and children's meals as VAT to be cut for some attractions this summer -
- BBC News Online (Michael Race – Business Reporter)
- Reeves announces VAT cut on summer attractions in new cost of living package (The Guardian – Lauren Almeida)

The Chancellor will reduce VAT to 5% on summer attractions and children's meals, while postponing fuel duty increases. She has also suspended import tariffs on some foods and called for supermarkets to pass these savings on in full to their customers. The changes will also include a 10p increase in the tax-free mileage rate for workers (see ‘Tax on motoring’ below). Changes to the "foreign branch profits" regime, which determines how multinational oil firms pay tax on their UK operations, will help fund the cost of the policies. The Guardian carries a quote from Emma Rawson, director of public policy at the Association of Taxation Technicians: “While cuts to VAT on certain products and services may be welcome news for consumers, it risks adding further complexity to an already complicated system. Tinkering with the rules on what is covered by VAT and at what rates has led to an area which is ripe for reform. There is also no guarantee that cuts to VAT are passed on to consumers in the form of reduced prices at the checkout, so buyers should beware.”


Labour prepares £1bn stealth tax on family holidays - Daily Telegraph (Christopher Jasper, Szu Ping Chan and Jonathan Leake)

However the Telegraph claims that Labour is planning “a £1bn tax grab on family holidays” even as the Chancellor unveiled the summer cost of living support package. The paper says that HMRC officials are drawing up plans to impose VAT of 20% on top of the fees that airports charge airlines to use their runways and terminals. It says these fees are typically passed on to customers in full.

Ending tax loophole for oil groups will fund cost of living package, says Reeves - Financial Times (George Parker, Sam Fleming and Malcolm Moore)

The FT explains that Reeves said she would fund the cost of living package by ending a practice where some oil and gas groups that operate overseas through foreign branches had “structured their tax affairs in a way that ensures they pay little or no corporation tax on their UK energy trading profits”. The tax reform will affect other sectors but is of particular relevance to energy giants. The proposals will be put to consultation. BP said in April that while its profits had more than doubled, its tax rate had fallen from 43 per cent to 32 per cent because of “changes in the geographical mix” of its profits.

Tax on motoring

How changes to mileage rules could save employees £120 -
- The i (Eleanor Langford)

Those driving their own car for work could get 10p more per mile tax-free, after the Chancellor announced an increase in the rate paid to employees, backdated to April. Until this week, the rate stood at 45p per mile for the first 10,000 business miles in a tax year, dropping to 25p per mile beyond that threshold. It had been frozen since 2011. The Association of Taxation Technicians had warned that the previous rate was no longer fit for purpose. Jon Stride, chair of the ATT’s technical steering group, said the rates were “now so out of date that employees using their own vehicle for work are effectively out-of-pocket”.

Tax on savings

HMRC blunder forces savers to wrongly overpay thousands of pounds -
- The Sun (Adele Cooke)

The Sun is the latest outlet to report that savers are being forced to pay thousands of pounds in tax they don’t owe after HMRC was given permission to monitor their bank accounts. The department is wrongly taking back tax that was earned on savings interest that doesn’t exist or is locked away in tax-free ISA accounts. As a result, savers have seen their tax codes updated to repay thousands of pounds they don’t owe. Sarah Weston, a technical officer for the Low Incomes Tax Reform Group, said there do appear to be “some instances where the figures used by HMRC do not match with the taxpayer’s own records”. She added: “It is important that taxpayers do not assume any figures received from HMRC are correct. We urge them to check any savings interest figures included in their PAYE coding notice or end of year tax calculations against their own records and contact HMRC if something does not look right.”

Inheritance tax

Inheritance tax rule change could become ‘admin nightmare’ for grieving families - Daily Express (Samantha Leathers)

Proposed pension changes, effective from April 2027, have drawn criticism for potentially causing chaos for bereaved families. Charlene Young, a senior pensions expert at AJ Bell, warned that the new rules will complicate inheritance tax processes, stating: "The new rules will cause admin chaos and distress for most bereaved families." The Treasury aims to prevent pensions from being used as tax planning tools, but experts argue simpler alternatives exist.

21/05/2026

Media Tax Highlights - Thursday 21 May 2026

Capital gains tax

Wes Streeting pledges 'wealth tax that works' -
- BBC News Online (Joshua Nevett - Political reporter)
- Wes Streeting unveils wealth tax plan in Labour leadership pitch (The Times - unattributed)
- Wes Streeting floats ‘wealth tax’ in bid to woo Labour left (Financial Times - George Parker, Anna Gross and Jim Pickard)

The former Health Secretary, Wes Streeting, has proposed aligning capital gains tax rates with income tax, calling it a “wealth tax that works”. Streeting, who has indicated his intention to run for the Labour leadership, told the BBC Political Thinking podcast the change would address an unfair system that was “penalising work”. Under the proposal, a person's CGT band would be calculated by adding up their income and profits from assets. Streeting says he would also close ‘loopholes’ that allow people to disguise income from work as capital gains. On top of this, lower rates of capital gains tax would be offered to entrepreneurs who take risks building companies. He estimated the reform could raise £12 billion a year.
[NB - Did the interviewer ever challenge him as to WHERE he calculated these figures?]

Taxing savings

Savers forced to overpay thousands in tax after HMRC errors -
- The Telegraph (Alex Marsh and Emma Munbodh)

HMRC have been criticised for overtaxing savers due to errors in calculating interest on bank accounts. An investigation by the Telegraph has indicated that some taxpayers were billed for non-existent or shielded ISA accounts. Sarah Weston, of the Low Incomes Tax Reform Group, explained: “Some taxpayers have received tax calculations and tax coding notices showing savings interest figures they believe to be inaccurate, which can lead to unexpected tax bills or PAYE deductions”. An HMRC spokesperson has urged anyone who has been affected to get in touch.

Fuel duty

Fuel duty freeze extended until the end of the year -
- BBC News (Esyllt Carr)
Rachel Reeves scraps fuel duty hike in September as growing pressure forces Labour to 'step up' (GB News - Hemma Visavadia

The government has extended the 5p fuel duty cut to the end of the year (instead of being phased out in September) to ease pressures on drivers. The fuel duty freeze would cost £455 million for the current tax year. Commenting on the news, the Association of Taxation Technicians' director of public policy Emma Rawson said: “Any decision to avoid further increases in fuel duty will be welcomed…But repeated short-term changes to fuel duty policy are not a sustainable long-term solution”. She added the government needs to set out a clear strategy for replacing declining fuel duty revenues in a way that is “fair, practical and environmentally coherent”.
[NB Fuel Duty affects retail prices, as it's a transportation cost in getting goods into shops. That's a point that seems to be over-looked, rather frequently]

Property taxes

Number of homeowners facing mansion tax to double in a decade - The Times (Rachel Mortimer)

According to the property agency Hamptons, the proposed high-value council tax surcharge could affect up to 230,000 homes by 2033, driven by modest house price growth. Aneisha Beveridge from the agency has warned: “What sounds like fairly small changes in values on paper can quickly affect the number of people paying the mansion tax.” The surcharge will mean that homes worth more than £2 million will pay between £2,500 and £7,500 extra each year from April 2028.

Tax dispute

Top London barrister evaded nearly £2mn in tax, court told -
- Financial Times (Suzi Ring)
- Tax lawyer evaded £2m of income taxes to pay his gardener, court told (The Times - David Brown)

Leading tax barrister Robert Venables KC is on trial for allegedly evading £2 million in tax by using a partnership structure to disguise his real income. The prosecution argues he knowingly underpaid HMRC, saying this is “not just tax avoidance — it is tax evasion”. However, Venables denies the charges, arguing the arrangements were legitimate.

United States

Bezos calls taxing low-paid Amazon workers ‘absurd’ -
- City A.M. (Saskia Koopman)

During an interview with CNBC, the founder of Amazon, Jeff Bezos, said that lower earners in the US should not pay federal income tax. Labelling the taxation of some Amazon workers as “absurd”, he argued that the burden on lower earners had become too severe.

20/05/2026

Media Tax Highlights - Wednesday 20 May 2026

Property taxes

Government launches council tax shake-up in bid to raise extra £430million a year - Mirror (Elaine Blackburne)
- Labour plots death tax on homes (The Telegraph - Madeleine Ross, Daniel Martin, Benedict J Smith and Maya Wilson Autzen)
- Fairer taxes for high-value homes (Gov.uk – press release)
- Overseas owners face higher rate of mansion tax (The Times - Andrew Ellson and Max Kendix)

The government has launched a consultation on a High Value Council Tax Surcharge on homes worth more than £2 million in England. The eight-week consultation will gather views on issues including the scope of the surcharge, the billing process and appeals. Under the proposals, homeowners with less than £35,000 in income may be able to defer the levy until they move home or die, leading the Conservatives to claim the government was overseeing a “pay as you die policy”. The Times reports the overseas owners may face an additional premium on top of the surcharge.

Scrap stamp duty and council tax to fix London housing crisis, thinktank says - The Guardian (Anna White)

A new report by the Centre for London think tank calls for stamp duty land tax and council tax to be scrapped and replaced with a new property wealth tax. It says it would fix London’s housing crisis and help renters save a house deposit. Homeowners with the largest properties in the most expensive areas would pay the most tax under the proposed system, and private and social renters would no longer pay council tax. Rob Anderson, the director of research at the think tank, commented: “Removing stamp duty on ordinary movers would release an extra 79,000 homes a year”.

Taxation

Andy Burnham refuses rule out manifesto-busting tax hikes -
- City A.M. (Mauricio Alencar)

Andy Burnham has refused to commit himself to Labour’s 2024 manifesto commitment to not raise taxes. A spokesperson for Burnham, tipped as Labour’s next leader if he wins the Makerfield by-election, said he was “not standing on a national manifesto at this election”. Burnham has previously backed tax increases on the wealthy, leading commentators to suggest he will seek to revisit Labour’s tax plans if he becomes Prime Minister.

Green taxes

UK Treasury pushes supermarkets to cap food prices -
- Financial Times (Ashley Armstrong)
- Supermarkets may be asked to freeze prices of milk, eggs and bread (The Times, Steven Swinford and Isabella Fish)

The Treasury may ask supermarkets to introduce voluntary price caps on essential goods in exchange for easing regulations on packaging and healthy food. The suggestion has been floated as a way of easing price increases attributed to the Iran war. In Scotland, the SNP announced plans for compulsory price caps, which it is expected to legislate for in the new Scottish Parliament. However, UK ministers are said to want a voluntary agreement with supermarkets and suppliers.

USA

Donald Trump and sons granted ‘forever’ immunity from existing tax audits - Financial Times (Alex Rogers)
- New deal stops investigations into Trump and his family’s tax affairs (The Times - George Grylls)

Donald Trump and his sons have been granted ‘forever’ immunity from tax investigations as part of an agreement to halt the President’s lawsuit against the Internal Revenue Service for the disclosure of tax documents leaked by a former IRS contractor. Trump settled his case in exchange for the launch of a $1.8 billion government fund for victims of alleged “lawfare.” Patty Murray, a Democratic senator, accused Trump of setting up a “slush fund to enrich his own friends”.

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