Non-dom tax status abolished in Jeremy Hunt's 2024 Budget

Contributing sentiments towards policy:

57% : The chancellor Jeremy Hunt confirmed he will abolish the system that lets foreign nationals avoid paying UK tax on money made overseas, replacing it with a "modern, simpler and fairer residency-based system".
55% : With the UK in the grips of a technical recession, Britain's sluggish economy and consequent reduction in predicted tax revenues will have impacted upon Mr Hunt's Budget, with forecasts having become gloomier in recent weeks.
52% : Click here for live updates from the budget Sir Keir Starmer's party has been relying on closing the loophole - which allows foreign nationals living in Britain to avoid paying tax on overseas earnings - to raise an estimated £2bn to fund many of the party's spending pledges if it wins victory in this year's general election.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.