
Labour U-turns on non-doms after millionaires flee
Well, well, well. It seems that Sir Keir Starmer’s Labour government is looking to row back on its non-dom rules after Britain suffered an exodus of millionaires after the introduction of the policy. Talk about a quick turnaround… Speaking at a fringe event in Davos with the editor of the Wall Street Journal, Rachel Reeves announced the Labour government is planning to table an amendment to the Finance Bill. The Chancellor said that: We have been listening to the concerns that have been raised by the non-dom community. The government amendment will increase the temporary repatriation facility, which enables non-doms to bring money instantly to the UK without paying significant
