finance
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The non-domiciled (non-dom) tax status has long allowed UK residents claiming a permanent home abroad to avoid UK tax on foreign income—provided it stays offshore. This complex and often controversial system, not tied to citizenship, has enabled many non-doms to live in the UK, own expensive properties, and use public services while shielding overseas earnings.
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Introduction On June 23, 2016, the United Kingdom voted to leave the European Union, a decision that culminated in its formal exit on January 31, 2020, and reshaped its economic, political, and social fabric. Brexit has left an indelible mark on critical sectors—electricity, gas, water, oil, agriculture, fishing, technological advancement, aviation, and nuclear power—while altering
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Money, whether in the form of US dollars, British pounds, or euros, consistently loses value over time, even when it appears stable. This phenomenon, known as money devaluation, is largely driven by inflation—the gradual increase in the prices of goods and services. Inflation erodes the purchasing power of money, meaning that cash saved today will
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The United Kingdom’s economic landscape in 2023 and 2024 was dominated by the battle against soaring inflation, rising borrowing costs, and growing economic uncertainty. Reaching a peak of 11.1% in October 2022, the highest level in over 40 years, inflation posed a significant challenge to policymakers, households, and businesses alike. The Bank of England and
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Losing Ground: Why the UK Fell Behind China and the US—and How to Lead Again What becomes of a nation that once ruled the seas but now struggles to manage its rails? The United Kingdom, architect of the industrial revolution and financier of empires, finds itself today trailing behind countries it once dominated—economically, strategically, and
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The competition between the United States, China, and the European Union reflects a dynamic struggle for global economic, technological, and geopolitical dominance. As 2024 draws to a close, the question of which entity will emerge as the preeminent superpower remains a complex and evolving narrative shaped by defense, innovation, trade, and societal development. The United
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