Listen to Jeremy Hunt’s U-turn over abolishing the non-dom tax status across two years.
In November 2022, the chancellor told BBC Radio 4’s Today programme that he would rather the super-rich “stayed here and spent their money here”.
“The Treasury did not tell me it was going to help the economy to do this, that’s why I chose not to do it,” he said at the time.
However in Wednesday’s (6 March) Budget, Mr Hunt committed to scrapping the non-dom status for wealthy foreigners, putting the £2.7 billion a year raised as a result towards tax cuts, mirroring a Labour policy.
