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Listen to Jeremy Huntâs U-turn over abolishing the non-dom tax status across two years. In November 2022, the chancellor told BBC Radio 4âs Today programme that he would rather the super-rich âstayed here and spent their money hereâ. âThe Treasury did not tell me it was going to help the economy to do this, thatâs why I chose not to do it,â he said at the time. However in Wednesdayâs (6 March) Budget, Mr Hunt committed to scrapping the non-dom status for wealthy foreigners, putting the £2.7 billion a year raised as a result towards tax cuts, mirroring a Labour policy.