Wednesday 21 February 2018

Ed Miliband announces Labour government would end controversial nom-dom status

Press Association

Ed Miliband will today announce that a Labour government would end the controversial non-dom status which allows some of the country's wealthiest individuals to avoid paying UK taxes on their worldwide incomes.

The Labour leader will say in a speech in Warwickshire that the 200-year-old rule, which applies to about 116,000 people, makes Britain an "offshore tax haven for a few" and can "no longer be justified".

But the Tories have warned that it would lead to a "flight of talent and a flight of cash" from the UK.

Speaking to Newsnight yesterday, Tory Chief Whip Michael Gove said it was unclear whether the plan would raise any more money for the Treasury and warned that it could drive people out of the country.

Elsewhere on the campaign trail, Prime Minister David Cameron is unveiling plans for pupils who do not achieve a good pass in English and maths tests at 11 to take a resit in their first year of secondary school.

The Conservatives say it will ensure that 100,000 pupils who leave primary school each year unable to read, write or add up properly will have caught up by the time they are 12.

Liberal Democrat leader Nick Clegg will campaign on green business measures in Wiltshire.

And comedian and budding MP Al Murray will hand in his nomination papers as he bids to stand against Ukip leader Nigel Farage in South Thanet.

Entrepreneur and ex-Dragons' Den star Duncan Bannatyne has backed Ed Miliband over the Labour leader's plan to scrap non-dom tax status.

It comes after the hotelier signed a letter sent to the Daily Telegraph from more than 100 business leaders stating the "Conservative-led Government has been good for business" and backing the cut in corporation tax to 20%.

He tweeted: "Ed Milliband says he will abolish non-dom status in UK. This gets my vote I never thought any party would have courage to do this."

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