GovernmentPolicy

Former Reform MP Rupert Lowe Appointed to Influential UK Spending Watchdog Committee

Former Reform UK MP Rupert Lowe has been appointed to the influential Public Accounts Committee by the Conservative Party. The Great Yarmouth MP will occupy one of three Tory seats on the committee that oversees government spending and identifies areas of waste.

Cross-Party Appointment to Spending Watchdog

The Conservative Party has appointed former Reform UK MP Rupert Lowe to a seat on the influential Public Accounts Committee, according to reports from Westminster sources. The move represents a significant cross-party arrangement that analysts suggest reflects the Tories’ strategy of collaborating with politicians who share their fiscal priorities.

EconomyPolicy

Italy Proposes 50% Increase to Flat Tax for Wealthy Foreign Residents

Italy’s government is reportedly planning a significant increase to its flat tax scheme for wealthy foreign residents. The proposed 50% hike would raise the annual payment to €300,000 for those declaring foreign income while residing in Italy.

Italy’s Proposed Tax Increase for Wealthy Foreign Residents

The Italian government under Prime Minister Giorgia Meloni is reportedly planning to increase the flat tax on foreign income for wealthy individuals relocating to Italy by 50%, according to recent reports. Sources indicate the proposed change would raise the annual payment from €200,000 to €300,000 for those opting into the special tax regime.