
Gibson Dunn snaps up Weil’s private funds team in City expansion
By Marcus Chen
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John Healey s energy bills support package was meant to be targeted. But a City AM analysis has found homes worth millions are in line for a handout, while others in poorer areas will get nothing. John Healey s maiden fiscal event was nothing if not targeted. Painful tax rises be they on banks or gambling firms were targeted at industries the Chancellor deemed ripe for a raid. The word “targeted” appeared as many as 30 times in the Budget document published to mark Healey’s big day, as officials sought to play down fiscal significance of their measures. The biggest of those changes a £2.4bn promise to bung £100 to households to help them with their higher energy bills claimed to be focused on poorer households. But a City AM analysis of council tax data revealed Healey’s reliance on the outdated property tax means his payment will land in the bank accounts of moneyed professionals and retirees in London and the South East. Meanwhile other, less affluent household