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New sugar taxes could ‘help get Brits back to work’ by cutting obesity

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New sugar taxes could 'help get Brits back to work' by cutting obesity

SUGAR taxes can help get Brits back to work, a Government adviser claims.

Welfare reform guru Paul Gregg wants high-sugar products treated like ciggies and booze in a bid to cut obesity.

New sugar taxes could 'help get Brits back to work' by cutting obesity

1

New sugar taxes could ‘help get Brits back to work’ by cutting obesity

Stats show 9.4million working-age Brits are not in employment, with 2.8million on long-term sickness.

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Professor Gregg is among experts advising ministers ahead of a “Get Britain Moving” plan due this autumn.

He warned that tackling diet-related obesity requires “far more than public health campaigns”.

He added: “Progress means engaging with food manufacturers.

“However, given past challenges in this regard, regulatory measures such as taxing high-sugar products are needed.”

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Prof Gregg also calls for more protection for ill workers beyond 28 weeks’ sick pay.

He argues for a “clearer right to return to work,” similar to maternity leave, where mums can take off up to 52 weeks.

The Government said there are “plans to strengthen Statutory Sick Pay so it provides a safety net for those who need it most”.

Inside UK’s obesity capital where gorgers order McDonald’s, pizza & kebabs in SAME day from despairing delivery drivers

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Taiwan says device parts not made on island

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Taiwan says device parts not made on island

The Taiwanese government has said components in thousands of pagers used by the armed group Hezbollah that exploded in Lebanon earlier this week were not made on the island.

The comments come after Taiwanese company Gold Apollo said it did not make the devices used in the attack.

The Lebanese government says 12 people, including two children, were killed and nearly 3,000 injured in the explosions on Tuesday.

The incident, along with another attack involving exploding walkie-talkies, was blamed on Israel and set off a geopolitical storm in the Middle East.

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“The components for Hezbollah’s pagers were not produced by us,” Taiwan’s economy minister Kuo Jyh-huei told reporters on Friday.

He added that a judicial investigation is already underway.

“I want to unearth the truth, because Taiwan has never exported this particular pager model,” Taiwan foreign minister, Lin Chia-lung said.

Earlier this week, Gold Apollo boss Hsu Ching-Kuang denied his business had anything to do with the attacks.

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He said he licensed his trade mark to a company in Hungary called BAC Consulting to use the Gold Apollo name on their own pagers.

The BBC’s attempts to contact BAC have so far been unsuccessful. Its CEO Cristiana Bársony-Arcidiacono told the US news outlet NBC that she knew nothing and denied her company made the pagers.

The Hungarian government has said BAC had “no manufacturing or operational site” in the country.

But a New York Times report said that BAC was a shell company that acted as a front for Israel, citing Israeli intelligence officers.

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In another round of blasts on Wednesday, exploding walkie-talkies killed 20 people and injured at least 450, Lebanon’s health ministry said.

Japanese handheld radio manufacturer Icom has distanced itself from the walkie-talkies that bear its logo, saying it discontinued production of the devices a decade ago.

Iran-backed Hezbollah has blamed Israel for what it called “this criminal aggression” and vowed that it would get “just retribution”.

The Israeli military has declined to comment.

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The two sides have been engaged in cross-border warfare since the Gaza conflict erupted last October.

The difficulty in identifying the makers of the devices has highlighted how complicated the global electronics supply chain has become.

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PSNI policy protects criminals, says victim

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PSNI policy protects criminals, says victim
BBC Liz and Catherine McSherry sitting on a sofa - Liz has short red hair - wearing a black top and cream blazer. Catherine has brown hair in a ponytail with a fringe - wearing a black top. BBC

Liz and Catherine McSherry said the PSNI changing its policy is a welcome step

The victim of a man convicted of voyeurism has said criminals are being protected by the Police Service of Northern Ireland (PSNI) not releasing mugshots.

Catherine McSherry welcomed the force’s plans to change its policy on custody images and said it was a “positive step”.

Unlike many police forces in the UK, the PSNI does not routinely issue mugshots of serious offenders after sentencing.

Chief Constable Jon Boutcher has said the PSNI will begin releasing the images “in line with the custom and practice elsewhere”.

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The PSNI said the “logistics of how we do that are now being worked through”.

Catherine’s step-brother Christopher was found guilty of six charges of voyeurism and one of unauthorised computer access.

The 35-year-old, from Portadown in County Armagh, was sentenced to 100 hours of community service, 18 months’ probation and a sex offences prevention order.

The judge said it was one of the worst cases of voyeurism seen by the court.

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Catherine said victims felt “ignored and not taken seriously” when no mugshot was issued.

“I think it can be very validating for victims to have an actual mugshot taken of their perpetrator rather than just smiling photographs of them in their day-to-day life,” she said.

“I think it stops people being desensitised to the fact that this was a crime that was committed.”

Her sister, Liz, described the lack of custody photos as “a further failure” towards victims.

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“Why are the PSNI protecting the criminal more than the victim? The whole system feels to me set up to protect perpetrators and not victims,” she said.

In April, the PSNI announced it was reviewing its policy.

It came after families whose loved ones were killed by drunk drivers questioned why police would not release photos of the offenders.

Internal emails seen by BBC News NI showed confusion among PSNI staff over the policy.

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PA Media PSNI chief constable Jon Boutcher wearing police uniform - he has white short hair and is looking into the camera as he is speaking at a presser. PA Media

Mr Boutcher said logistics to facilitate publishing mugshots were being looked at

Mr Boutcher was asked for an update on the review at a recent Policing Board meeting.

He he said he had reviewed the policy.

“I have reviewed it. In short, we will be publishing photographs of people convicted of certain serious crimes where there is a policing purpose to do that,” Mr Boutcher said.

Catherine said the change was “definitely positive” and “a long time coming”.

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“I think I speak for many other victims when I say that it would help massively, not just sexual abuse cases – any kind of criminal activity,” she added.

Former senior PSNI officer Jon Burrows also welcomed the move as a “positive, albeit long overdue step”.

He said he hoped the change would bring the PSNI “into line with UK-wide practice”.

“It is vital that justice is seen to be done and releasing the mugshots of those convicted of certain crimes will improve confidence in the justice system, encourage victims to come forward and send a clear message to perpetrators that actions have consequences,” he said.

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“Given the epidemic of violence against women and girls, it is really important that those convicted of such crimes are included in the release of post conviction photographs.”

In a statement a PSNI spokeswoman said that the police “will be publishing photographs of people convicted of certain serious crimes where there is a policing purpose to do that”.

She emphasised logistics were being worked through but there was “no definite timeline for this at present”.

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Europe is failing to protect Ukraine’s energy grid, says IEA head

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This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.

Good morning. A scoop to start: The EU could bar imports of coffee from a number of countries within weeks unless Brussels delays a ban on products from deforested areas, commodity companies and governments have warned.

Today, the head of the International Energy Agency tells our energy correspondent that Europe isn’t doing enough to protect Ukraine’s power infrastructure, and our competition correspondent reveals a demand from 20 EU capitals for the European Commission to cut more red tape than it has already promised.

Have a great weekend.

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Cold comfort

The head of the IEA has accused Europe of being too reticent in its support for Ukraine, calling for more generators and repair equipment for the war-torn country ahead of a difficult winter, writes Alice Hancock.

Context: Ukraine has suffered heavy attacks on its energy infrastructure by Russia, particularly in late August in retaliation for its incursion into Russia’s Kursk region. Half of all Ukraine’s energy infrastructure has been destroyed, roughly equivalent to the capacity of Latvia, Lithuania and Estonia.

In a report published yesterday, the IEA said Ukraine’s electricity deficit this winter could reach as much as 6GW, around a third of anticipated peak demand. The power shortfall this summer was 2.5GW when Kyiv was already enduring long blackouts.

“It’s time for everybody to understand that this winter could be consequential in Ukraine,” Fatih Birol, director-general of the IEA, told the FT. “It is the most pressing energy security issue today in the world.”

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A lack of energy supplies meant a knock-on impact on the operation of hospitals, schools, water supplies and other “major implications”, Birol added.

European Commission president Ursula von der Leyen will meet Ukrainian President Volodymyr Zelenskyy in Kyiv today to discuss the situation. They will also talk about where to direct €100mn the EU has given Ukraine for repairs and renewable energy, which came from the profits from immobilised Russian assets in the EU.

The EU will also provide €60mn in humanitarian aid for shelters and heaters. Average winter temperatures in Ukraine vary between -4.8C and 2C, according to World Bank figures.

Birol said there were “major shortages” of many crucial parts, including transformers, grid equipment and diesel generators. He said Europe had been too “conservative” in sending electricity to Ukraine and could step up exports without jeopardising European supply.

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European consumers could help by cutting their own electricity demand, allowing more power to go to their eastern neighbour. This would be a “very decent way of showing solidarity”, Birol said.

Ukraine should have enough gas to see it through early winter, but the IEA said that once current contracts expire at the end of the year, there could be a need to increase west-to-east gas flows to Ukraine from central and eastern European neighbours.

Chart du jour: Rising tide

The Alternative for Germany looks set to win another state election in Brandenburg on Sunday, just weeks after the far-right party won its first regional poll in Germany’s postwar history. But the Social Democrats are closing in.

Cut it

If Europe wants to be globally competitive, it needs to go further than what Brussels plans to boost the single market, says a paper co-authored by 20 member states, including the Netherlands and Germany, writes Javier Espinoza.

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Context: Two recent landmark reports — by former Italian leaders Mario Draghi and Enrico Letta — spelt out the stark risks of failing to reform the single market. They highlighted the need to reduce regulatory pressure on companies and to make it easier for businesses to access funding in order for the bloc to compete with the US and China.

Ursula von der Leyen’s second term at the head of the European Commission had to “continue to cut red tape . . . going beyond the announced 25 per cent reduction of reporting requirements”, the joint document states, referring to an existing promise.

She should also back “specific digital tools” that would allow companies to focus less on regulatory reporting.

The signatories, which also include Luxembourg and the Czech Republic, called on the commission to provide “an enabling and transparent regulatory environment” — technical language for forcing capitals to align their rules.

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Lex Delles, Luxembourg’s economy minister, pointed to persistent barriers within the single market where “retailers cannot pick their suppliers in the country of their choice because of territorial supply constraints imposed by wholesalers”.

He added: “By prohibiting such practices, we would show businesses and consumers that the EU can deliver concrete results for them.”

What to watch today

  1. European Commission president Ursula von der Leyen travels to Kyiv.

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Firm linked to exploding pagers in Lebanon linked to shabby, anonymous apartment block in Gulgaria

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Firm linked to exploding pagers in Lebanon linked to shabby, anonymous apartment block in Gulgaria

BY James Halpin, Foreign News Reporter

ISRAEL’S pager plot could be inspired by a spy film and the country is goading Hezbollah into starting a war, an ex-Mossad agent says.

Nearly 3,000 people were injured on Tuesday and 12 were killed in the sabotage attack leaving Lebanon in chaos and hospitals full of bloodied and injured.

Avner Avraham claims Israel is directly challenging Hezbollah to start a war in retaliation, so it can then invade Lebanon and wipe them out.

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Avraham says the chess move attack was Israel saying: “Don’t mess with us”.

He said: “The attack on Tuesday was so strong and wide if they [Hezbollah] do start a limited war, they will lose immediately.  

“In the north, we have to start a limited war and we prefer that Hezbollah would make the first mistake.

“The response would be a huge damage to Lebanon, it would go 100 years back.”

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But, the 28-year spy veteran says Hezbollah has been left weak with so many people injured and Lebanon plunged into chaos.

“Now they don’t have a different kind of communication system, all their hospitals are full with injured people, this is the best time to attack them.”

Avraham said he believed Israel needed to attack Lebanon and create a “dead zone” inside the country where nobody lived.

That buffer would provide safety for the Israelis living in the north of the country – tens of thousands of whom have been displaced since fighting began last year.

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“To bring back the families to the north, you cannot bring them to the world without destroying and pushing all the Hezbollah from the border.”

Avraham also said it is possible that the attack could have been inspired by gadgets used in spy films, something he did as an agent.

“Sometimes we use examples ideas from James Bond films, we took ideas, I can tell you this for sure.

He said: “No one could write the script for Tuesday. This is the real example of thinking outside the box… All the world saw what happened Tuesday, this is the money time.

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“If Mossad is doing something and wants to declare it, they will declare it… In all cases they just do it and disappear.

“That’s the whole idea, you don’t know who is responsible for this, you don’t have any idea.”

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Britain’s ultra-wealthy exit ahead of proposed non-dom tax changes

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Britain's ultra-wealthy exit ahead of proposed non-dom tax changes

Street scene in Old Bond Street, Mayfair, London, United Kingdom.

Pawel Libera | The Image Bank | Getty Images

LONDON — Monaco, Italy, Switzerland, Dubai. They’re just a few of the destinations trying to lure away the U.K.’s uber wealthy ahead of proposed changes to the country’s divisive non-dom tax regime.

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Almost two-thirds (63%) of wealthy investors said they plan to leave the U.K. within two years or “shortly” if the Labour government moves ahead with plans to ax the colonial-era tax concession, while 67% said they would not have emigrated to Britain in the first place, according to a new study from Oxford Economics, which assesses the implications of the plans.

The U.K.’s non-dom regime is a 200-year-old tax rule, which permits people living in the U.K. but who are domiciled elsewhere to avoid paying tax on income and capital gains earnings overseas for up to 15 years. As of 2023, an estimated 74,000 people enjoyed the status, up from 68,900 the previous year.

Labour last month set out plans to abolish the status, expanding on a pledge set out in its election manifesto and stepping up earlier proposals by the previous Conservative government to phase out the regime over time. It comes as Prime Minister Keir Starmer had pledged to improve fairness and shore up the public finances, with further announcements expected in the Oct. 30 Autumn budget statement.

Finance Minister Rachel Reeves has said that scrapping the program could generate £2.6 billion ($3.45 billion) over the course of the next government. However, Oxford Economics’ research, which was produced earlier this month in collaboration with lobby group Foreign Investors for Britain, estimates the changes will instead cost taxpayers £1 billion by 2029/30.

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“We are ringing out the alarm bell that this is a perilous time,” Macleod-Miller, CEO of Foreign Investors for Britain, told CNBC over the phone. “If the government doesn’t listen they’ll put at risk revenues for generations.”

Other countries are smelling the fear and actively promoting their jurisdictions.

Leslie Macleod-Miller

CEO at Foreign Investors for Britain

Under the proposals, the concept of “domicile” will be eliminated and replaced with a resident-based system, while the number of years in which money earned abroad goes untaxed in the U.K. will be cut from 15 to four.

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Individuals will also have to pay inheritance tax after 10 years of U.K. residency and would remain liable for 10 years after leaving the country. They will also be prevented from avoiding inheritance tax on assets held in trust.

However, Macleod-Miller, a private wealth practitioner who launched the lobby group in response to the proposals, said the changes would stymy wealth generation and is instead calling for a tiered tax regime.

According to the Oxford Economics research, which surveyed 72 non-doms and 42 tax advisors representing a further 952 non-dom clients, virtually all (98%) said they would emigrate from the U.K. sooner than previously planned if the reforms were implemented. The 72 non-doms surveyed were said to have invested £118 million each into the U.K. economy.

The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax.

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Where the wealthy are moving

It comes as other countries are shaking up their tax regimes to incentivize wealthy investors.

Switzerland, Monaco, Italy, Greece, Malta, Dubai and the Caribbean island of the Bahamas are among the various destinations proving most attractive to wealthy investors, according to industry experts and agents CNBC spoke to.

“Wealthy investors have a lot of choices now and a lot of domiciles are fighting for them,” Helena Moyas de Forton, managing director and head of EMEA and APAC at Christie’s International Real Estate, told CNBC.

Moyas de Forton, whose team advises clients on international relocation, said Labour’s plans were the latest in a string of political developments which have shaken the U.K.’s reputation as a safe haven over recent years.

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Monte Carlo skyline surrounded by sea and mountains, Monaco.

Alexander Spatari | Moment | Getty Images

“It’s just another hit,” she said. “I’m not sure if they’re all leaving but definitely they’re questioning and taking their time to see what’s changing.”

A record number of millionaires are expected to leave the U.K. this year, according to a June report from migration consultancy Henley & Partners, which cited the July general election as adding to a period of post-Brexit political flux. It is estimated that Britain will record a net loss of 9,500 high-net-worth individuals in 2024, more than double last year’s 4,200.

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“It is definitely a danger. The markets are so fungible nowadays. It’s easy for people to move home. It’s easy for people to move their businesses,” Marcus Meijer, CEO of real estate investor Mark, told CNBC’s “Squawk Box Europe” of the non-dom changes last week from Monaco.

A lot of people are worried. They would rather get out now before it’s too late

James Myers

director at Oliver James

Among the alternative offerings available to the ultra wealthy are indefinite inheritance tax exemptions in Monaco, Malta and Gibraltar, and an absence of income, capital gains and inheritance tax in Dubai. In Italy and Greece, flat tax regimes allow the wealthy to avoid paying tax on their worldwide assets for an annual fee of 100,000 euros for up to 15 years.

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Italy last month doubled its fee for new arrivals to 200,000 euros ($223,283) in a move its economy minister said was designed to avoid “fiscal favors” for the wealthy. However, Macleod-Miller said the regime would likely remain appealing to the top 1% even at a slightly higher rate.

“Other countries are smelling the fear and actively promoting their jurisdictions and attracting their investment and their families,” Macleod-Miller said.

“Italy is one of those countries which is courting the wealthy and seems to think if you treat them well they will contribute,” he added.

UK prime real estate faces a hit

That is also impacting the U.K.’s prime real estate market. James Myers, director at London-based luxury real estate agency Oliver James, saw an uptick in sales activity in anticipation of Labour’s election in July. But now, around 30% to 40% of clients are lowering asking prices to generate a quicker sale.

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“A lot of people are worried. They would rather get out now before it’s too late,” Myers told CNBC over the phone. Many of Myers’ multimillionaire and multibillionaire clients have already started to put down roots in Monaco and Dubai, with Italy “becoming a thing” more recently, too, he said.

Transactions in London’s super-prime residential market, which covers homes valued at £10 million and above, fell 22% in the year to July compared to the previous 12 months, according to whole market data published Wednesday by property agency Knight Frank.

Elegant townhouses in South Kensington, London, England, UK.

Benedek | Istock | Getty Images

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The decline was most pronounced in properties valued above £30 million, with just 10 sales generated compared to 38 the previous year, which the report attributed to higher buyer discretion.

Stuart Bailey, Knight Frank’s head of super-prime sales for London, noted that Autumn Statement uncertainty had now replaced election uncertainty, with non-doms not the only group being spooked by Labour’s anticipated tax changes.

Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in “wait and see” mode ahead of possible changes to capital gains and inheritance tax. It follows previously announced VAT (tax levy) charges for private schools.

“Non doms are a sector of that super-prime market, but they’re not the be all and end all,” Bailey said over the phone.

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That is, however, creating opportunities for other investors, Bailey noted. U.S. citizens, who are already subject to U.S. tax on their worldwide assets, and so-called 90 dayers, whose annual stay in the U.K. falls below the tax threshold, could ultimately benefit from reduced competition.

“U.S. buyers, especially those sitting on a lot of cash, would be crazy not to think it’s a good time to buy right now,” he said.

The rise of the Robin Hood tax

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London Broncos argument riddled in contradictions as pleas for help highlight shortcomings

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London Broncos argument riddled in contradictions as pleas for help highlight shortcomings


The Broncos will bow out of Super League at the end of the season, and the club faces an uncertain future.

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