Chancellor set to ‘tweak’ non-dom clampdown amid UK wealth exodus

Non-dom status is set to be scrapped but the transition period may be extended to bring more wealth to the UK

Rachel Reeves
(Image credit: Shutterstock)

The government is set to scale-back its crackdown on non-dom status amid fears of a wealth exodus from the UK.

The end of non-dom status in the UK was first announced under the previous Tory government but chancellor Rachel Reeves confirmed in her Autumn Budget that the new Labour government will continued with the policy.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.