Isn’t this just the outcome of the late 2023 Fuel Finder regulations finally coming into effect, following the CMA investigation? Outcome was that petrol stations have to report changes in pump prices within 30 minutes a central database.
That programme was set up under Rishi Sunak’s government.
@GMHikaru@alexandr_wang Muse really does seem pretty special. I’ve been following the reviews on FinTwit but wasn’t expecting to see it making waves in the chess world. @demishassabis chess and AI is literally your neighbourhood, you just gonna take this bro? 😂😂😂
@MerrynSW To be fair, while you called this one well, it is probably also fair to say that you had some help from local and national government along the way.
You are assuming that the majority of capital moving into gilts is coming from individuals who are not already doing something far more complex (and costly) to reduce or eliminate IHT.
Reality is that capital sitting in families with very large estates significantly outweighs the capital that is available to your average family that gets caught by the government’s death tax.
It is 20 years since I’ve looked at the rules, but at one point non-doms used to benefit from a full IHT tax exemption on gilt holdings precisely because they though incremental demand into the gilt market.