Daily Wealth Letter from The Wealth Forums 28 July 2016

Reports — By on July 28, 2016 at 2:38 PM
Ian Brodie

Ian Brodie

Daily Wealth letter

a daily synopsis of the wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

NUMBER 263  THURSDAY,  JULY 28, 2016

Asian clients come and go

Rich Asians can make the best banking clients anywhere, but when markets get tough they can disappear. READ MORE: http://thewealthforums.com/2016/07/28/asian-clients-come-go/

Labour challenger moots wealth tax

Owen Smith has pledged to introduce a wealth tax on Britain’s richest 1 percent and reverse cuts to corporation and inheritance taxes, as the Labour leadership challenger seeks to prise leftwing voters from Jeremy Corbyn.   READ MORE: http://thewealthforums.com/2016/07/28/labour-challenger-moots-wealth-tax/

Lloyds to double bank closures

British high street bank Lloyds has accelerated its job-cutting scheme, axing a further 3,000 roles, even as it reported a 101% increase in pre-tax profits.  READ MORE: http://thewealthforums.com/2016/07/28/lloyds-double-branch-closures/

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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