Hard Labour offshore
After the Tory economic debacle last autumn, Labour’s hostile political rhetoric about offshore centres continues. But will it translate into legislative substance?
Constitutionally, for so many reasons, what happens in Britain is important for offshore jurisdictions,” says Christian Luthi, chairman of Conyers. The trauma and chaos of last autumn’s budget certainly resonated far beyond Westminster. The Truss premiership may have lasted only 49 days – from 6th September to 25th October 2022 – but its impact on the UK, and by extension offshore centres, made headlines for all the wrong reasons. Longer term, what an incoming Labour government might do could have more enduring consequences, particularly offshore.