George Osborne’s tax policies have cost Britain billions, because the super-rich are fleeing the country and taking their wealth with them, statistics have revealed.
The number of non-doms – those not legally domiciled in the UK but who obtain tax advantages here – fell to a record low of 78,300 last year, from 98,500 in the previous year, figures from HM Revenue and Customs show.
The amount of tax directly contributed by non-doms fell from £9.5 billion to £7.5 billion over the same period. Experts said that a string of tax policies introduced under the former chancellor were principally to blame.
Because of course people don’t move for tax reasons and even if they do it’s a very small number of people and they’re the sort who only increase inequality so it’s good they go. So there.