With the vote of no confidence in Prime Minister Theresa May pushing the Government closer to collapsing, Geoffrey Todd, partner in the private wealth team at private client law firm Boodle Hatfield explained three concerns for high net worth individuals (HNWI) should a Labour government led by Jeremy Corbyn come into power.

- A 50 percent income tax rate- encourages shift to investing for capital gains, allowing investors to “wait out” high tax rates The 2017 Labour manifesto committed to re-introducing the 50 percent income tax rate, which would equate to an extra £2,700...