The news out of Davos, where the chancellor has been on a winter charm offensive with the global elite, would appear to be another concession to those who, it could reasonably be argued, need it least.
The changes Rachel Reeves is proposing to the bill on the taxation of non-doms – those considered not domiciled in the UK – may be more of a tweak than a U-turn. But the message that any softening of her proposals in this particular area risks sending to voters and taxpayers at home is that, if you have the money, or the clout, then this government will heed your concerns. And if not – pensioners, farmers and others – it won’t.
