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May 16, 2025 18 mins

This week on The Tax Factor, Rehana Earle and Neil Insull discuss the closure of the historic Beales department store after 144 years, blamed on rising taxes and a worsening business climate. With the CIPD warning of a prolonged drop in employer confidence, what does the future hold for the UK labour market?

Next, they examine a surprising tribunal victory, where a taxpayer successfully argued that their luxury property, complete with marble swimming pool and expansive wine cellar was their main home, defeating HMRC. Finally, could President Trump’s proposed 100% tariffs on TV and film production deal a major blow to Britain’s thriving creative industries?

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