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Scottish tax hikes backfire as high-earners flee

Jul 28, 2026
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City AM

The Scottish government’s decision to hike the top rate of income tax may have backfired. That’s according to analysis from the lawyer Dan Neidle, who suggests raising rates north of the border actually led to lower receipts. Chief Reporter, Ali Lyon has the story. Meanwhile, Waitrose is asking the Great British public for suggestions of potential future stores, as part of a one billion pound investment and expansion plan. Plus: City AM's Life and Style Editor, Steve Dinneen gives us his tip on the one West-End show you should give a miss this week. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam
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