Summary
- Labour’s non-dom policy aimed to raise £1bn a year for funding NHS, dental appointments, and school breakfast clubs
- Chancellor Rachel Reeves pledged to end tax loopholes but may water down crackdown due to revenue concerns
- Treasury committed to ending the non-dom tax arrangement but budget speculation raises doubts on revenue generation
- Experts warn that wealthy non-doms may move abroad, causing potential loss of up to £1bn per annum