Top Economists Shun Burnham over Wealth Taxes

Andy Burnham struggles to recruit key ally amid fears over​ wealth taxes

Prime Minister Andy Burnham has yet to secure Government roles for two senior economic figures who had been expected to advise on his economic agenda, with discussions over potential appointments still ongoing.Lord O’Neill of Gatley and former Bank of England chief economist Andy Haldane have not formally accepted positions, with The Times reporting that negotiations remain active.Lord O’Neill, the former Goldman Sachs economist, has reportedly …

Wealth tax fears erupt as Andy Burnham dealt huge blow

Prime Minister said to be struggling to recruit a key economic adviser due to levy fears

Top economists shun Burnham over wealth taxes

Economic heavyweights who were reported to be advising Andy Burnham have opted not to join his government due to disagreements over potential wealth taxes, it has been reported.  Lord Jim O’Neill, the former Goldman Sachs executive, is in ongoing talks with Burnham over a potential role, City AM reported last week.  Fresh reports have suggested that O’Neill has not joined Burnham due to his dislike of a potential wealth tax and the prime ministe…

Burnham Adviser Refuses to Join No10 Because He Fears Wealth Tax

The Times reports that Jim O’Neill, one of the economic advisers brought on by Team Burnham to calm the markets during the Makerfield by-election, is refusing to join No10 partly because he fears it will impose a wealth tax. Doesn’t fill you with confidence, does it? O’Neill is a former economist for Goldman Sachs and…

Burnham’s missing advisers spell trouble for UK investors

Andy Burnham’s absent advisers are a warning sign for UK investors, affirms Nigel Green, CEO of deVere Group. Nigel’s comments come as a month into Andy Burnham’s premiership, the economic team he was supposed to bring with him is, seemingly, nowhere to be seen, it has been reported. Lord Jim O’Neill, former Bank of England chief economist Andy Haldane, and ex-Office for Budget Responsibility chair Richard Hughes were all reportedly advising Bur…