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

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Finance Nouvelles

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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