Ed Balls on tape admitting his non-dom policy will ‘cost Britain money’

Oh dear – it looks like Labour’s new non-dom policy is unravelling already. Everyone knows that Ed Balls did not abolish non-dom status while in government because he knew that people would scarper. So it would lead to less revenue, less money from the rich – and, ergo, a greater share of the burden to be paid by the poor. So it sounds progressive, but is actually regressive.

Balls now denies ever holding such a belief. But Mr S has come across an interview he gave to BBC Radio Leeds just 13 weeks ago:-

Q: 'Would you close that loophole of non-dom status so that we can have these people taxed properly?

Ed Balls: 'I think that it is important that you make sure the non-dom rules work in a fair way.