Chancellor considers unexpected tax rises such as abolishing non-dom status after latest forecast
Jeremy Hunt’s scope to make tax cuts in next week’s budget has been reduced further this week, according to Treasury insiders, leaving the chancellor considering emergency measures to raise revenue.
Recent forecasts from the Office for Budget Responsibility (OBR) are said to have given the chancellor less fiscal headroom than hoped, pushing him to consider unexpected tax rises such as abolishing the non-dom tax status.
