Rachel Reeves has been accused of a “Davos deal for millionaires” after announcing she was watering down moves to make wealthy foreigners pay more tax. The chancellor said she had been “listening to the concerns” of “non-doms” living in the UK.

Rachel Reeves unveils an amendment to ease non-dom tax rules amid a surge in UK millionaire departures, aiming to keep Britain attractive to global wealth.

She is losing control of the public finances and pressure is now building for yet more tax rises or spending cuts. She needs to come back to the UK and get our finances on a sustainable footing'

Chancellor Rachel Reeves has indicated the Labour Government will be making an U-turn on one of her controversial tax decisions which was announced during the Autumn Budget. Specifically, Reeves has asserted she is open to relaxing the rules impacting the "non dom community" in a move to stop wealthy taxpayers fleeing the UK while appearing at the