Lammy’s raid on law firms puts thousands of jobs at risk
Yahoo Finance·2026-02-02 18:00
David Lammy, the Justice Secretary, argues that interest earned on money in client accounts is ‘unearned income’ - Jordan Pettitt/PA David Lammy’s plans to launch a £100m tax raid on law firms risk triggering thousands of job losses, experts have warned. The Justice Secretary’s proposals to seize interest paid on client accounts would have a severe impact on Britain’s largest law firms that could put up to 6,500 jobs at risk, according to legal experts Taha & Watmough. Analysis of Britain’s top 200 law ...