The inevitable question that will arise in the right wing press will, however, be about whether this will result in three things. The first is an exodus of wealthy non-doms. The second is a collapse in London house prices as a result. And the third is a collapse in tax revenues. Let me deal with these issues...
The plan won the support of Former Dragons' Den star Duncan Bannatyne, despite the fact he recently signed a letter to the
I had dinner with Boris Berezhovsky in 2007. He said to me, "Your socialist Gordon Brown has turned your country into Monaco
The majority of non-doms are not super wealthy globetrotters, but talented and high-flying individuals working within UK companies, or entrepreneurs building businesses and creating jobs in the UK. We can ill-afford to lose these people at the best of times, let alone in the current climate of economic upheaval and financial strain.