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Labour poll lead narrows versus Tories

Labour poll lead narrows versus Tories

THE Conservative Party has recovered some of its lost lead against the opposition Labour Party, an opinion poll showed, but prime minister Boris Johnson's personal ratings remain deeply negative as he faces ongoing ethics questions.

Polling company Opinium said Labour's poll rating held at 39 per cent in a January 5-7 survey, unchanged from late December, while support for the Conservatives rose 2 percentage points to 34 per cent. The Liberal Democrats were on 11 per cent and the Green Party was on five per cent.


Britain is not due to hold a national election until 2024. But Johnson, who in December 2019 won the Conservatives' biggest parliamentary majority since 1987, faces an electoral test in May when municipal elections will be held across much of the country.

Backed by Tory MPs for his campaigning skills, Johnson has suffered a loss of popularity in recent months due to investigations into donations to refurbish his official apartment and his officials' apparent breaches of Covid-19 rules.

Last week, a letter was published in which Johnson apologised to a government ethics advisor for failing to provide text messages exchanged with a party donor who was fund-raising for the renovation of Johnson's apartment.

Johnson's own net approval rating in the Opinium poll was minus 24 per cent, up from minus 31 per cent before Christmas but well behind Labour Party leader Keir Starmer at plus 3 per cent.

Soaring inflation was also souring the public mood, with 86 per cent of people saying their living costs had risen, the polling company said.

"If the phrase 'it's the economy, stupid' means anything, then the government will be thinking very seriously how to alleviate the pain households are bracing themselves for this year," Opinium research manager James Crouch said.

The Bank of England forecasts inflation will hit a 30-year high of around 6 per cent in April when regulated household energy bills are due to rise sharply.

(Reuters)

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Lakshmi Mittal

Mittal's exit comes as Rachel Reeves prepares a fresh tax raising budget aimed at balancing the government's finances

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Lakshmi Mittal quits Britain for Switzerland and Dubai over inheritance tax concerns

Highlights

  • Lakshmi Mittal, worth over £15 bn, has moved his tax residence from UK to Switzerland with plans to spend most time in Dubai.
  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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