Britain has lost more billionaires than any other nation over the past two years, and there's fears a tougher wealth tax could drive these figures up.

New research has found the UK lost nearly a quarter of its billionaires between 2023 and 2024, with many of the UK's wealthiest individuals moving their tax residency to low-tax jurisdictions. 

UK correspondent Enda Brady says many of these rich-listers have moved to places like Switzerland, Monaco and Dubai - which have far more favourable tax regimes.

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Britain has lost more billionaires than any other nation over the past two years, and there's fears a tougher wealth tax could drive these figures up.
New research has found the UK lost nearly a quarter of its billionaires between 2023 and 2024, with many of the UK's wealthiest individuals moving their tax residency to low-tax jurisdictions.&nbsp;
UK correspondent Enda Brady says many of these rich-listers have moved to places like Switzerland, Monaco and Dubai - which have far more favourable tax regimes.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Enda Brady: UK correspondent on billionaires fleeing the UK amid rising tax pressures

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9f569b39-ec0a-4bec-9b04-b31b0086e30a/transcript

The Warriors are gearing up for their must-win final against the Newcastle Knights at Eden Park this weekend, and the tickets have been snapped up.

General tickets went on sale at 10am this morning, hours after fans bought out 22,000 tickets in a Warriors' club pre-sale.

Sportstalk host D'Arcy Waldegrave explained further.

LISTEN ABOVE

The Warriors are gearing up for their must-win final against the Newcastle Knights at Eden Park this weekend, and the tickets have been snapped up.
General tickets went on sale at 10am this morning, hours after fans bought out 22,000 tickets in a Warriors' club pre-sale.
Sportstalk host D'Arcy Waldegrave explained further.
LISTEN ABOVE

D'Arcy Waldegrave: Sportstalk host on the Warriors selling out Eden Park ahead of Knights clash

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1803db2f-e372-4af5-b840-b4c600575d75/transcript

ACT is promising to freeze the minimum wage for three years and make it more tricky for unions to collect membership fees if it returns to Government. 

The party would also introduce a training wage for under-20s' first year of employment, at 60 percent of the minimum wage. 

It also wants to shorten the personal grievances time-frame, and require they be raised with the Employment Relations Authority within three months.

EMA Head of Advocacy Alan McDonald has raised concerns with aspects of this - and says an 'indexed' approach to the minimum wage would be a better idea. 

"What we've seen in the last two or three minimum wages - they've been quite small steps up, they've been 20 or 50 cents. And that, to me, makes more sense than freezing them completely, because there is inflation."

LISTEN ABOVE

ACT is promising to freeze the minimum wage for three years and make it more tricky for unions to collect membership fees if it returns to Government.&nbsp;
The party would also introduce a training wage for under-20s' first year of employment, at 60 percent of the minimum wage.&nbsp;
It also wants to shorten the personal grievances time-frame, and require they be raised with the Employment Relations Authority within three months.
EMA Head of Advocacy Alan McDonald has raised concerns with aspects of this - and says an 'indexed' approach to the minimum wage would be a better idea.&nbsp;
"What we've seen in the last two or three minimum wages - they've been quite small steps up, they've been 20 or 50 cents. And that, to me, makes more sense than freezing them completely, because there is inflation."
LISTEN ABOVE

Alan McDonald: EMA Head of Advocacy on ACT proposing to freeze the minimum wage and cap pay for under-20s

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/69b818aa-12dc-4a21-8fad-b4c6004f4101/transcript

The Finance Minister's brushing off concerns about the government's fast track programme. 

Local Government New Zealand is calling on central Government to pause all referrals on housing projects - claiming they're bypassing council decisions.

It wants a review to clarify the housing fast track's role within the new planning system.

Nicola Willis says she wants to make clear fast-track approval doesn't give developers a free pass to charge ahead.

She says expert panels still impose conditions - requiring roads, wastewater and other infrastructure to be in place, before construction.

LISTEN ABOVE

The Finance Minister's brushing off concerns about the government's fast track programme.&nbsp;
Local Government New Zealand is calling on central Government to pause all referrals on housing projects - claiming they're bypassing council decisions.
It wants a review to clarify the housing fast track's role within the new planning system.
Nicola Willis says she wants to make clear fast-track approval doesn't give developers a free pass to charge ahead.
She says expert panels still impose conditions - requiring roads, wastewater and other infrastructure to be in place, before construction.
LISTEN ABOVE

Nicola Willis: Finance Minister brushes off worries about fast track for housing projects

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/55cdbb3c-28b4-44dd-bde7-b4c5008c1096/transcript

Enda Brady: UK correspondent on billionaires fleeing the UK amid rising tax pressures

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