Chancellor’s non-dom call

JEREMY Hunt told MPS he has ordered officials to examine how much could be raised by closing the non-dom tax loophole.

The controversial status allows wealthy UK residents to avoid paying tax on their overseas income.

But the Chancellor disputed claims getting rid of it could raise £3billion a year. He said he would rather the rich “stayed and spent their money here”.

He said: “I want to make sure we don’t do anything that loses us money.”