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CEBR forecasts £1bn drop in GDP if quarter of non-doms leave UK
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CEBR forecasts £1bn drop in GDP if quarter of non-doms leave UK
UK GDP will be over £1bn lower by the end of the current parliament if 25% of non-domiciled taxpayers leave the UK, as predicted by the CEBR. The CEBR used OBR modelling to assess the macroeconomic impacts of non-domiciled taxpayers leaving the UK. Under its central scenario of 25% emigration, output will be 0.04% (£1.1bn) lower relative to the OBR’s baseline, by the end of the current parliament, while cumulatively economic activity will be £3.…
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