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The Financial Secretary to the Treasury (Lord Livermore) (Lab)

Speaking in the House of Lords on 29 April 2025

Debate

Tax: Changes

Contribution

My Lords, the OBR has certified that the non-dom reforms the Government have implemented will raise £33.8 billion in total revenue over the five-year forecast period. That figure accounts for some non-doms who are ineligible for the new regime choosing to leave the UK in response to these reforms. The Government will continue to work with stakeholders to ensure that the new regime is internationally competitive and focused on attracting the best talent and investment to the UK.

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