Business Live with Ian King: ‘Non-dom’ tax breaks for rich people may be scrapped by Jeremy Hunt

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Business Live with Ian King: 'Non-dom' tax breaks for rich people may be scrapped by Jeremy Hunt

Join Sky’s Ian King for the latest business stories and stock market updates.

Jeremy Hunt is considering ending or reducing "non-dom" tax breaks that allow wealthy individuals to live in the UK while their wealth is considered as residing overseas.

Sky News understands the measure is on a list of potential revenue raising measures being assessed ahead of next week’s budget, and could be enacted to give the chancellor room to cut universal taxes – https://trib.al/LGmS487

Also in business news, Labour will inherit the ‘worst economic situation since Second World War’, shadow chancellor warns https://trib.al/59IfcKK

Joining Ian on the show today:
🔴Partner at Killik & Co, Rachel Winter
🔴Senior Economist at Lloyds Banking Group, Hann-Ju Ho
🔴 Economist at PwC UK, Tara Shrestha-Carney

Latest business news 👉 https://trib.al/unXvp4J
Money advice blog 👉 https://trib.al/wEeVvFT

#Business #Economy #Sales #CostOfLiving #Banking #Ireland #Food

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Date: February 29, 2024