Infighting, a cash-for-influence scandal and three tax-raising plans under review, demand some action from new Prime Minister Keir Starmer.
British Prime Minister Keir Starmer has replaced his top aide and key tax-raising plans are under review, as his Labour government tries to correct course from what even allies say has been a rocky three months in power.
“In recent weeks it has become clear to me that intense commentary around my position risked becoming a distraction to the government’s vital work of change,” Gray said in a statement released by Downing Street, announcing her new role as a link between Starmer and the devolved nations and regions. She was replaced by Morgan McSweeney, who masterminded Labour’s successful election campaign, in a shake-up that included four separate appointments.
Gray was also seen as personally involved in the level of access awarded to Waheed Alli, a Labour donor and close associate of hers who sparked weeks of controversy when it was reported he had been given a pass to Downing Street after the party’s landslide election win in July.
Further proposals to close a loophole on carried interest – private equity fund managers’ portion of profits on asset sales – are being looked at again after internal Treasury analysis showed they too could end up costing the Exchequer money.Warnings that the tax on carried interest could be raised to 45 per cent from the current level of 28 per cent spooked many top financiers across the city.
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