UK haven status under pressure as geopolitical risks rise - Knight Frank
While the Chancellor talked up Britain’s appeal to global investors in Davos last week, the property market is still digesting Labour’s first two Budgets, explains research chief Tom Bill.
Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.
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As tariff turbulence appears to have peaked and the stamp duty disruption fades, the main risk over the next six months is the autumn Budget, explains the agency's UK resi research boss Tom Bill.
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The government has sent the wrong message by scrapping non-dom status, but any negativity has been dwarfed by the wider commotion on global financial markets this month, explains the agency's Tom Bill.
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