Jeremy Hunt says axing nom-dom status would be ‘wrong thing’ for UK

Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economy

Autumn statement 2022: what it means for you

Jeremy Hunt has defended resisting moves to force super-rich people who live in the UK but pay no tax on their offshore income to shoulder more of the burden, as he warned of a “challenging” two years ahead for households.

After a frosty reception to his plan in the autumn statement to drag 6 million people into higher tax rates while the UK plunges into recession, the chancellor said the strain could not fall on only “a very small group of very rich people”.

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​Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economyAutumn statement 2022: what it means for youJeremy Hunt has defended resisting moves to force super-rich people who live in the UK but pay no tax on their offshore income to shoulder more of the burden, as he warned of a “challenging” two years ahead for households.After a frosty reception to his plan in the autumn statement to drag 6 million people into higher tax rates while the UK plunges into recession, the chancellor said the strain could not fall on only “a very small group of very rich people”. Continue reading…