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The Story
The controversial money fuelling Britain
Jan 27, 2025
Robert Watts, a journalist at The Sunday Times and compiler of the annual Tax List, discusses the intriguing world of Britain’s top taxpayers. He reveals a surprising mix of sectors fueling the economy, from gambling families to culture icons. Explore the dark side of wealth disparities and the complexities of tax contributions. Watts delves into the impact of new inheritance tax changes on family businesses, and shares inspiring stories of self-made entrepreneurs transforming modest ventures into global successes.
26:19
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Quick takeaways
- The 2025 Sunday Times Tax List highlights a significant contribution from the gambling industry, revealing its financial power and societal implications.
- Unexpected profitability from asylum sector businesses showcases the evolving landscape of economic contributions amid changing societal needs in the UK.
Deep dives
Introduction of the Sunday Times Tax List
The Sunday Times tax list is an annual rundown that highlights the top taxpayers in the UK, revealing insights into economic trends and individual tax contributions. Sir Chris Hone, a hedge fund manager, tops this year’s list, marking a shift in awareness towards wealthy individuals and their tax responsibilities. The compilation involves analyzing company filings, salary disclosures, and other public financial documents, with many contributors voluntarily sharing their tax payments to gain recognition. This year, 15 individuals paid over £100 million in taxes, indicating a substantial contribution from certain wealthy entrepreneurs.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode