Labour’s tax policy is “driving the golden geese out of Britain”, non-domiciled residents have warned following reports that one of Britain’s richest men is preparing to leave the country.
Foreign Investors for Britain (FIB), a group representing more than 400 non-doms, has launched a last-ditch effort to persuade the government to abandon its tax crackdown on non-doms after the news that Lakshmi Mittal, the steel tycoon, is planning to move overseas.
It issued a “stark and final warning” to ministers, calling for dialogue on how to stem the exodus of wealthy people after Labour’s decision to abolish the centuries-old non-dom tax regime.
A stream of millionaires have left Britain since Sir Keir Starmer came to power, with the latest figures showing the UK lost a
