Retiring: Lord Cavendish of Furness Picture: MILTON HAWORTH. A CUMBRIAN peer has retired from the House of Lords after choosing the final vote on the Brexit trade deal on Wednesday to make his farewell speech. Lord Cavendish of Furness had been a member of the Lords for 30 years, having been nominated by prime minister Margaret Thatcher in 1990. The life peer, who owns Holker Hall and its 17,000 acre estate, supported the Government’s trade deal, saying: “In campaigning to leave the European Union, I was guided by two overriding principles: first, to preserve and protect the very ancient settlement under which the people of these islands are governed by consent, and secondly, to defend this country from the horrors of unaccountable power. I believe the conduct of the EU’s institutions run counter to those principles and promise in future to diverge further still.”
Opposition mounts to ‘unfair’ tax increases targeting the wealthy
Campaigners fear tax increases will “pour cold water over Britain’s entrepreneurialism just when we need it most”
10 December 2020 • 1:43pm
A proposed wealth tax on hundreds of thousands of homeowners would wreck Britain s recovery and punish wealth creation, accountants and a leading business group have warned.
Plans from the Wealth Tax Commission for a raid on property savings and investments were dismissed as blunt and inefficient by experts at audit firm RSM.
Meanwhile the Institute of Directors (IoD) said the plan could ruin efforts to rebuild after Covid and destroy entrepreneurship.