Wealthy non-doms are rushing to leave the UK before April thanks to Reeves’ new measures, say tax advisers. Taking their £118 million of investment each with them…
Lawyer Philip Munro from Withers says the budget has “crystallised” decisions to leave after Reeves confirmed the 15-year-old regime will be scrapped, instead imposing IHT on people’s UK assets for their first 10 years of residence. Leaving a huge hole in the Treasury’s coffers as non-doms head for the exit…
The Treasury hopes to rake in £12.7 billion over five years from the changes – a figure the OBR flagged as “highly uncertain” – and now Alexandra Britton-Davis, partner at accountancy firm Saffery, has warned the exodus coming will create a major dent in the government’s projected gains. In September, 63% of non-doms said they’re planning on leaving within two years, and now they’ve started packing their bags. HMRC raked in £9 billion from the UK’s 74,000 non-doms last year. So long to that revenue…
Starmer spoke to Nick Robinson for the Today Programme on Polanski’s criticism of the Golders Green police officers:
“I want everybody just to imagine what it might be like. You’re trying to arrest someone who has already attacked two people and has no regard for life. We know that tasers were fired. I know from my own experience with the police, that there are only two shots in a taser, and once you’ve shot them, there’s nothing left. There’s a guy on the ground, he’s got a rucksack on. And I don’t know what was going through the mind of those officers, but if I was there, I’d be thinking, he’s going to detonate something. He’s going to blow me up and everybody around here. In those circumstances, I think you can quite see why what could have gone through their mind is, we need to do whatever we can to disable this guy…
Now, when I then see Zack Polanski come out and retweet or support a criticism of that, I think it’s disgraceful… He’s not fit to lead any political party.”