The first major survey of non-doms since the election is in. It’s not good news for Reeves’ ‘drive for growth’…
Consultancy Oxford Economics asked non-doms and their tax advisers what their plans were now that Labour will push ahead with its scrappage of the two-century-old scheme: 63% say they are planning on leaving within two years. Taking their £118 million of investment each with them…
Eight-in-ten of them blame the plans to levy inheritance tax on worldwide assets as the final nail in the coffin. 67% meanwhile say they wouldn’t have immigrated to the UK if the scheme was in place at the time. Millionaires are already heading for the door in droves…
HMRC raked in £9 billion from the UK’s 74,000 non-doms last year. Bye bye to that revenue…
Former leader of the SNP in Westminster Ian Blackford told Times Radio why he believes Nicola Sturgeon’s claim that she spent no time in the kitchen and therefore didn’t see any of her husband’s purchases:
“She doesn’t have a passion for cooking.”