UK budget: Opportunity for Ireland as Jeremy Hunt mulls non-dom shake-up

Jeremy Hunt is looking to raise revenue in Wednesday’s budget but one mooted move could make Ireland an attractive destination for investors

UK Prime Minister Rishi Sunak alongside Chancellor Jeremy Hunt, ahead of next week’s Budget. Picture: Getty Images

Jeremy Hunt may try to steal a march on Labour's flagship policy and scrap or scale back tax breaks for non-domiciled individuals, as he faces a fiscal forecast that leaves little room for pre-election tax cuts.

While such a move would be a major reversal for the Tories, it would also cause a headache for Labour and shadow chancellor Rachel Reeves ahead of the next general election.

The measure has been a key revenue-raiser for Sir Keir Starmer's party, as well as a not-so-subtle dig at Rishi Sunak whose wife has in the past benefited from the tax status.