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Jeremy Hunt ‘made mistake’ with non dom reforms

Summary by City AM
Former Chancellor Jeremy Hunt was wrong to target non doms as part of efforts to raise more government revenue from tax, shadow business secretary Andrew Griffith has said.  Hunt abolished a special tax status for non-domiciled residents in his last Budget, then raising £2.7bn, before Rachel Reeves went further by removing a carve-out that allowed assets held in a foreign trust to be free from inheritance tax.  Griffith, a former City minister, …

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City AM broke the news in London, United Kingdom on Friday, June 27, 2025.
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