Tax Favors Wealthy in London's Billionaires Row

Oct. 25 (Bloomberg) -- Billionaires living in London's Kensington pay only 32 pounds ($51) more tax on their mansions than the families living just around the corner in their rented 3-bedroom rowhouses. The disparity prompted the coalition government’s Liberal Democrats to push for a so-called mansion tax of 1 percent a year for homes valued at more than 2 million pounds. Their coalition partners, the Conservative Party, rejected the idea. (Source: Bloomberg)

Outlook for Russian Ruble Isn't Bad: Morgan Stanley
22:28 - Hans Redeker, managing director and head of global FX strategy at Morgan Stanley, discusses the impact of geopolitics on the ruble and the euro. He speaks to Bloomberg's Anna Edwards on "Countdown." (Source: Bloomberg)
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