David Redshaw and Fernando Quintana respond to reports of a billionaire exodus from Britain

The idea that the departure of the super-rich is a problem ignores a historical fact (Apparent exodus of super-rich suggests UK is no longer billionaires’ playground, 7 October). Capitalism works better without them. The most successful countries today are states where redistributive taxation has empowered the working masses and provided a better and more stable market for business people.

How do today’s complaining uber-rich explain the postwar decades, when the top rate of income tax was commonly 80% or 90%, and yet the period is known as a golden age of capitalism? Then Margaret Thatcher lowered the top rate to 60% and the country tilted into a massive recession. The rich get to a point where they simply become wealth extractors, using their money to buy assets and raising the cost of them for the rest of us – housing being a good example today.

Terry Peach responds to Kemi Badenoch’s conference speech, while Penelope Turton writes on her promise to cut inheritance tax

Kemi Badenoch’s conference speech rehearsed the argument that Andy Burnham’s economic policies were warped by his “nostalgia” for the 1970s, unlike her own forward-looking programme for “a better tomorrow” (Tories accused of prioritising rich voters as Badenoch lays out inheritance tax cut plan, 7 October).

She appears not to see that her preference for a lesser-regulated capitalist market economy, with lower public expenditure, taxes and national debt, coupled with “tough love” welfare policies, is itself harking back to arguments that have circulated for centuries.

Calls for planned fuel duty rise to be scrapped as analysis finds average fuel bill could hit £1,965, up from £1,294

Millions of British van drivers face a combined £2.5bn cost to cover the rising price of diesel this year, according to figures, fuelling calls for the government to scrap its planned fuel duty rise.

The owners of diesel vans and pickups can expect to collectively spend almost £8.5bn at the pump this year, according to analysis for the Guardian, after diesel prices climbed to record highs due to a global fuel shortage caused by disruption to refineries in the Middle East and Russia.

Exclusive: Chancellor urged to reverse Jeremy Hunt’s tax surcharge cuts to claw back billions in lost revenue

• Business live – latest updates

Tax cuts for big banks have deprived the UK government of £6bn in revenues, according to campaigners, who are calling on the chancellor, John Healey, to increase taxes and force lenders to pay their “fair share” in the budget.

Calculations by the Trades Union Congress (TUC), which represents unions with more than 5.3 million members across England and Wales, shows that the public purse is billions of pounds worse off as a result of tax cuts introduced under the Tory chancellor Jeremy Hunt in 2023.

Party hopes to win over affluent middle-class voters as leader rejects calls to ‘unite the right’ in conference speech

Kemi Badenoch has announced that the Conservatives would abolish inheritance tax on family homes if elected, prompting criticism that she is prioritising cutting taxes for the rich.

The Tory leader also said couples would be able to leave an additional tax-free sum of £1m to their families, as the party attempts to shore up its traditional base in southern England.

TaxWatch contradicts claims about David Reuben’s departure and questions stories of super-rich exodus

• Apparent exodus of super-rich suggests UK is no longer billionaires’ playground

When the Sunday Times broke the news that David Reuben, one of the richest men in the UK, had apparently fled to the tax haven of Monaco, there was much pearl clutching. Reuben had moved from his Holland Park house in London to live full-time in the principality.

Labour’s tax regime was blamed and there were said to be fears there would be a cascading effect across the economy, with wealth draining from the UK. It was reported that he had probably left because of potential taxes on wealth in the upcoming budget.

Conservative leader will deliver her keynote speech to Tory conference later

Kevin Hollinrake, the Conservative chair, raised a pint of beer and was joined by his black female Labrador, Zuzu, on stage at the party’s conference in Birmingham, the Press Association reports.

Hollinrake made light of comments by Labour MP Jenny Riddell-Carpenter who said country pubs with “warm beer” and a black Labrador was a “far-right nostalgic vision of Britain”, PA reports.

Everywhere I go, people tell me how much they love Kemi, including in my local pub, that place where I go to drink my far-right fantasy pint. With my far-right fantasy black lab.

As I campaigned to expose the reality of what happened, more and more emerged about life in many of our towns and cities, about police leaders so compromised, so corrupted by the ideology of multiculturalism.

They surrendered their operational independence to those they should have faced down, including many they should have locked up. That is something we should never, ever tolerate.

If recent complaints are believed, London and the UK are no longer welcoming for ultra-high net worth individuals

London was once globally renowned as the “billionaires’ playground”, where the world’s super-rich could relax in the Georgian townhouses of Mayfair undisturbed by the grasping hand of the state.

But if recent complaints by fleeing ultra-high net worth individuals are to be believed, the city is no longer as welcoming for those who consider themselves to be Britain’s most-persecuted minority.