Budget 2011: Osborne goes easy on non-doms

Osborne says the moves announced today will raise more than £200m for the public purse, but they fall short of expectations. The Chancellor has increased the existing annual charge for non-doms who have lived in the UK for 12 years or more to £50,000, up from £30,000. However, early forecasts had expected the charge to rise to as much as £100,000. Those who have been resident for seven years and up to the eleven year limit will see no rise at all.  In addition, non-doms who use the income they bring into the UK to invest in British businesses will be exempt from paying a £30,000...