Finance UK budget: Opportunity for Ireland as Jeremy Hunt mulls non-dom shake-up

📆 3/1/2024 4:35 PM
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UK Budget,Jeremy Hunt,Ireland

Jeremy Hunt is looking to raise revenue in Wednesday’s budget but one mooted move could make Ireland an attractive destination for investors. Jeremy Hunt may try to steal a march on Labour's flagship policy and scrap or scale back tax breaks for non-domiciled individuals, as he faces a fiscal forecast that leaves little room for pre-election tax cuts.

Jeremy Hunt is considering scrapping or scaling back tax breaks for non-domiciled individuals in the UK budget. This move could make Ireland an attractive destination for investors. The measure has been a key revenue-raiser for the Tories, but it would also cause a headache for Labour and shadow chancellor Rachel Reeves.

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