Financial services industry depends on non-doms - BBA

In its response to the Government’s consultation on foreign workers launched last December, the BBA says the UK must remain open for business for the continued success of the economy as non-doms pay income tax on their UK earnings. Angela Knight, chief executive of the BBA, says the financial services industry, which contributes more than £100bn to UK economic growth, has concerns that hitting workers with extra taxes would reduce the country’s appeal to quality workers. She says it also fears it would deter foreign investment in the UK economy. The BBA says the treasury’s proposals to...