From Westminster to Washington… Follow trusted coverage of the stories that are shaping our world Enjoy three months’ free access to The Telegraph. Cancel at any time. | | Income tax revenue is already predicted to increase sharply |  | Szu Ping Chan Economics Editor | The next chapter of Rachel Reeves’s war on wealth has begun.
Pensioners, savers and homeowners are now firmly in the Chancellor’s sights after she declared that those with the “broadest shoulders” should bear the greatest burden of tax rises in the Budget.
Speaking at the International Monetary Fund (IMF) meeting in Washington DC, Ms Reeves signalled that higher earners would not be the main target of her tax raid but suggested those who had already made their money would be targeted instead.
“Wealth is obviously different from income,” she told reporters. “Wealth is not about your annual salary.”
Her remarks will raise fears about a renewed inheritance tax raid, or levies on pensions or landlords. Households with the most wealth tend to be ones where residents are at, or above, retirement age. In households where the head of the family is aged between 65 and 74, wealth averages more than £500,000, according to official data.
By contrast, it is just under £302,000 for households aged 45 to 54, and below £110,000 for those aged 25 to 34. Ms Reeves says she knows she needs to “get the balance right” on tax rises. “Judge me by my record,” she said on Thursday.
That will offer little comfort to anyone with assets, who will be bracing for another costly tax raid or perhaps considering leaving the country altogether.
Read the full story here ➤ | | Omega-3 has huge health benefits. We know that, right? But a recent study found that it actually slows down the ageing process.
Eating oily fish such as salmon and sardines can also reduce your risk of heart disease, stave off dementia and ease joint pain.
It also lowers the risk of clotting, boosts concentration and can reduce inflammation – meaning it could improve many inflammation-related conditions, including rheumatoid arthritis and eczema.
But how do you know if you aren’t getting enough? Some of the signs are:
• Dry, brittle skin – rough skin (keratosis pilaris) around the upper arms is a common early sign
• Dry eyes
• Joint pain – stiffness and slow recovery after exercise
• Low mood
However, there is still no recommended intake, and available supplements have wildly different concentrations. NHS guidelines suggest eating one piece of oily fish per week.
Here is your guide to everything you need to know about omega-3.
Read more here ➤ | | Judith Woods Her tragic posthumous memoir has laid bare the arrogance and moral decay of a pompous man who has stained the House of Windsor Continue reading ➤ Wes Streeting The NHS is hanging by a thread but, I can save it Continue reading ➤ William Sitwell Charlie Bigham’s £30 ready meals are a distasteful cash-grab Continue reading ➤ | Sharpen your talking points Explore incisive opinion from Britain’s leading comment writers Enjoy three months’ free access to The Telegraph. Cancel at any time. | | Israeli supporters of Maccabi Tel Aviv will be barred from watching their team against Aston Villa at Villa Park on Nov 6 after West Midlands Police advised that there were safety concerns. Oliver Brown, our Chief Sports Writer, has written about the decision. Here’s an excerpt, and you can find the full piece below.
What does this say about Britain when pro-Palestine marches go ahead unimpeded? This isn’t policing, it’s capitulation. A no-go zone for Israelis in Birmingham? Keir Starmer and Kemi Badenoch’s outrage is just the beginning, this will ignite a political powder keg.
Read the latest developments here ➤
And the full piece from Oliver Brown here ➤
| |  | | When Amelia* awoke to find her ex-husband standing over her, she believed she was going to die. This was the man who had befriended her, persuaded her to marry him and then held a butcher’s knife to her throat.
She is one of thousands of Britons to marry an Afghan migrant in the UK. Javad*, her ex-husband, was granted asylum a year after their child was born. It soon became apparent that their relationship had been his ploy to do “whatever was necessary to remain in England”.
*Names have been changed to protect identities
Continue reading ➤ | | | Britain’s property market has ground to a halt. There’s a stand-off between sellers who refuse to cut their prices and buyers who are waiting for values to fall. But sometimes you simply have to move, even if you can’t sell your house first. Lizzie Lane couldn’t find a buyer for her flat, despite dropping the price by £25,000. So she has been forced to become a landlord for the first time – at 76. Continue reading ➤ | | | Kim Kardashian's ‘rib-crunching’ corset look exemplifies the tiny waist many women aspire to have | | That women are lining up to undergo this new medical procedure on the basis of free choice and not for the male gaze shows what a topsy-turvy world we are living in, writes Lisa Armstrong. Twinned with the Ozempic effect, all the talk about body diversity in fashion has become as passé as florals. Continue reading ➤ | | | In New York City it’s not uncommon for people to leave a job moments after handing in their notice, writes Helena Kelly. But in Britain, notice periods have been creeping up in recent years, with even relatively junior staff made to work for three months or more. This protects both employee and employer, but can backfire when a leaver’s declining enthusiasm infects remainers. Continue reading ➤ | | | Writer James Foxall says that he is part of the most vilified of minority motoring groups: ‘the BMW driver’ | | The stereotype of a Three Series zooming up behind you and aggressively trying to get past has stuck, with surveys labelling their owners narcissistic and even psychopathic. But are BMW drivers really the worst offenders – or does the fault lie with anyone driving a car with a premium badge? Continue reading ➤ | | | A year on from releasing her first collaboration with M&S, designer Bella Freud is back with her new 35-piece sophomore collection. From homeware to sharply cut tailoring, here are the best pieces to get your hands on, before they sell out.
Continue reading ➤ Below are two more articles I hope you find helpful: - Pink is the fashionable new colour for your kitchen. Here’s how to get it right.
- Experts are warning of a stock market bubble. This is how you can still invest wisely.
| | Andrew Garfield and Julia Roberts in After The Hunt | Film After the Hunt ★★★★★ In Steel Magnolias, Pretty Woman and beyond, it was Julia Roberts’s bright, generous smile that made her a star. So it is all the more notable that in her latest film – a nastily exhilarating moral thriller from Luca Guadagnino – I can barely recall seeing it at all. After the Hunt, which portrays the havoc that follows an accusation of sexual assault at a US university, delves into an ethical quagmire from which there is no apparent escape. Roberts is magnetic, giving her best performance in years, writes Robbie Collin.
In cinemas now
TV Mr Scorsese ★★★★★ A five-hour documentary series about director Martin Scorsese runs the obvious risk of being everything a Scorsese movie is not: reverential, indulgent and direly in need of a few extra Rolling Stones songs. But director Rebecca Miller skilfully sidesteps these pitfalls by essentially getting out of the way and letting Scorsese and his films speak for themselves. The result is a gripping hagiography that doesn’t so much proclaim Scorsese a genius as let us bask in his brilliance. Read Ed Power’s review here.
On Apple TV now Books Up in the Air by Holly Smith ★★★★☆ In her meticulous and compelling debut, Holly Smith argues that, during the latter half of the 20th century, the tower block became a “crucible for reimagining the welfare state”. She writes lucidly about high-rise living as a feat of modernist architecture, but her main concern is how this bold vision soon became a story of neglect and atrocity. Up in the Air is a superb history of the tower block – and an urgent reminder of the housing inequality it failed to solve, writes Hannah Sullivan. | Songs of praise Every weekday, Orlando Bird, our loyal Reader Correspondent, shares an off-piste topic that has brought out the best of your opinions and stories. Orlando writes...
I come from a family of mixed lapsed faiths, and didn’t have a religious upbringing. Still, I am deeply susceptible to a stirring hymn. Should you ever wish to embarrass me in public, just play a recording of Abide With Me, fire up the incense and watch as my usually steely demeanour crumbles under the weight of emotion.
What counts as a hymn, though? In a recent letter, Edward Howell took aim at churches that consider Shine, Jesus, Shine – Graham Kendrick’s jaunty 1987 composition – to make the cut. I must say I’m with him on this one: I vaguely remember singing it at primary school and finding it annoying even then.
Other readers felt the same. For Jane Moth, “it always sounds like an advertising jingle for a brand of furniture polish”.
For Derek Cheeseman, however, this reflected “quite a narrow definition of what constitutes a hymn. Are other popular compositions by Mr Kendrick – such as Meekness And Majesty, Beauty For Brokenness, or Oh Lord, The Clouds Are Gathering – to be excluded as well?”
Yes, came the firm reply from G S Pilcher: “Mr Kendrick may be admired by many – but not this busy church organist, whose Sundays are often blighted by his works. They are not suited to the organ.”
But Philip Roy made the case for a more inclusive approach: “Surely the point of a hymn must be that it evokes an emotion towards God, Christ, creation or the church.
“My father-in-law told me that, in the dark days of 1939 when the soldiers of the British Expeditionary Force were gathered on the clifftops at Dover, waiting to embark for France, in the still of the evening a rich tenor began to sing the hymn by Cardinal Newman: ‘Lead, kindly light, amidst th’encircling gloom,/ Lead thou me on!/ The night is dark, and I am far from home…’
“The amazing fact is that many men knew it by heart, and joined in.”
Where do you draw the line? Send us your nature notes here, or head to our Your Say page on the Telegraph app. | Plan your day with the telegraph | Set your alarm to catch up with journalists on the Your Say page and listen to their analysis on our latest podcasts.
- At 10am, David Frost will be responding to comments under his piece on the depth of our economic problems.
- Sherelle Jacobs will be replying to comments under her piece on our national cowardice towards China at 3pm.
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The solution to yesterday’s clue was INTERPRET. Come back tomorrow for the answer to today’s puzzle. | | Thank you for reading. Have a fulfilling day and I hope to see you tomorrow.
Chris Evans, Editor
P.S. I’d love to hear what you think of this newsletter. You can email me your feedback here. | |
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