TREASURY BORROWING SURGES AS NON-DOMS FLEE BRITAIN
https://s.yimg.com/ny/api/res/1.2/K3VgyD7Sw1uB84YiGtwkSA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/77550e4e463ef52bafc020f012bfd463
✍️ The UK Treasury borrowed £14.6bn more than expected last year due to a decline in tax receipts from non-doms and a weak growth in financial services bonuses.
👉 The UK Treasury borrowed £14.6bn more than expected last year 👉 The decline in tax receipts was due to a decrease in income from non-doms and a weak growth in financial services bonuses 👉 The OBR had forecasted a lower borrowing figure, but the actual figure was higher 👉 The abolition of the non-dom status and the introduction of a new residence-based system has led to a decrease in tax revenues
-- #RachelReeves #MaxwellMarlow #AndrewGriffith #GrantFitzner #NickRidpath #RuthGregory #politics
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