Scrapping non-dom tax status 'an utter humiliation' for government, Labour claims
Sunday, 10 March 2024 Scrapping the non-dom tax status for wealthy foreign nationals is "an utter humiliation for this government", shadow chancellor Rachel Reeves has said.
Labour Leader Sir Keir Starmer calls the Government’s decision to axe non-dom tax “humiliating”, claiming “we’ve argued for years for them to get rid of non-dom tax status.” He continued saying, “the only decent policy they’ve got is one they’ve lifted from us.”
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The shadow business secretary has called on Chancellor Rachel Reeves to "change course quickly", after new ONS figures show inflation increased to 2.6% in November. Andrew Griffith adds all the major economic metrics, such as inflation and growth, "are going in the wrong direction", and fears what four years of a Labour government will do to the UK economy. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says she can understand why women affected by changes to the state pension age will feel "disappointed", but adds that paying an "expensive compensation bill" was not the best use of taxpayers' money. Campaigners say the government's decision not to compensate women affected by changes to the state pension age, and their communication of these changes, are "bizarre and totally unjustified". But the chancellor says the ombudsman has reported that around 90 percent of women knew the changes were coming. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says the UK's latest inflation figures are "broadly in line with our international peers", despite rising to its highest level since March. The chancellor adds, "I recognise the cost of living crisis continues to bite" but that the government is "taking action" to address its challenges. ONS figures show inflation has risen to 2.6% in November, from 2.3% the previous month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt has cut National Insurance by 2p as he laid out his plans for taxation and spending in the Spring Budget. The chancellor also announced he would be scrapping the non-dom tax status, which..
Jeremy Hunt has abolished the non-domicile tax status and says he will replace it with "a modern, simpler and fairer residency-based system". The chancellor adds the government will put the £2.7..