Osborne’s Non-Dom Policy Now Worse Than Darling’s Policy

Polly Toynbee is wailing in her column this morning about the Chancellor’s U-turn. She reckons it is the “FT Wot Won It” and that Digby is Jones is the Thatcherite vetoing policy in Brown’s Big Tent. On one point Guido is in agreement with her; Labour claim they will take £650 million from non-doms, while the Tories claim they will squeeze them for £3.5 billion. Labour will tax them only after they have lived in Britain for seven years, whereas the Tories will tax them from day one.

So won’t the Tory policy drive more globally mobile wealth creators out of London? Isn’t Osborne’s policy worse for the City and more punitive?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

David Mundell tells The Times…

“I expect Christmas to take place.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.