The taxman’s next raid is looming large as investors scramble to park their cash in the Seed Enterprise Investment Scheme (SEIS), which allows investors to halve their capital gains tax bill, before Rachel Reeves unleashes her Budget bombshell. Since Labour took the keys to Downing Street, there’s been an overflow of money pouring into the scheme, with the head of investor services at the UK’s biggest SEIS fund, SFC Capital, saying investments were up 90% since July. All to avoid taxes on ‘working people’…

Fund managers are singing the same tune: investors are liquidating assets, from shares to property, bracing for the dreaded tax hike on their gains. Meanwhile, Henley Private Wealth Migration reports that a record 9,500 millionaires will leave the UK in 2024, resulting in cash that could be filling up the Treasury’s coffers flooding out of the country instead. The party of “growth,” everyone…