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The Daily Telegraph leads with a headline accusing Angela Rayner of facing a “sleaze inquiry” over whether she paid the correct tax on her properties. Specifically, the paper reports that the deputy prime minister saved £40,000 of stamp duty on an £800,000 home in East Sussex by removing her name from the property deed in Manchester. While this action is legal, opposition politicians have labeled it as “hypocritical tax avoidance”.
In a related development, the Daily Mail highlights the Conservatives launching an investigation into Rayner’s actions to determine if they breached the ministerial code. This move underscores the seriousness of the allegations being leveled against the deputy prime minister.
Shifting gears, the Daily Express reports on campaigners urging ministers to “hang their heads in shame” following a Court of Appeal ruling to keep an Epping hotel open for migrants. This decision has sparked outrage from figures like Kemi Badenoch and Nigel Farage, who accuse the government of prioritizing the rights of illegal migrants over UK citizens.
Furthermore, the Court of Appeal’s ruling has sent shockwaves through the financial sector, as detailed in the Financial Times. The decision is perceived as posing a potential threat of tax raids, leading to a decline in bank shares amidst fears that Chancellor Rachel Reeves may increase taxes in the upcoming Budget. Notably, major British banks like NatWest, Lloyds Banking Group, and Barclays experienced significant sell-offs in response to this news
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