Treasury civil servants are beginning to brief in earnest against Reeves’ abolition of the non-dom status. That’s when you know things have got really bad…
One official said Labour’s decision to levy inheritance tax on worldwide assets is “causing most heartburn” and another that the Treasury would change the IHT rules if it found it had to: “there will most likely be some tweaks to inheritance tax to stop the non-dom exodus.” The decision is being reviewed. Won’t be enough…
City figures report they are regularly lobbying No 10 business SpAd Varun Chandra and BizSec Jonathan Reynolds on the non-dom exodus – it is set to lose the Treasury money after all. Reynolds has got more time to listen now he’s failed to get the promised steel tariff exemption for the UK…
The Treasury’s official line does not deny a review: “The government will continue to work with stakeholders to ensure the new regime is internationally competitive and continues to focus on attracting the best talent and investment to the UK.” This is a government by the Civil Service after all…
That would be another U-turn. Have fun with the Labour backbenchers Rachel…
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.”