In last Wednesday's budget, Chancellor Jeremy Hunt committed to cutting the tax status for non-doms
Labour MP Darren Jones has claimed that the opposition found the Conservative idea to scrap non-dom tax "amusing."
In the budget, Chancellor Jeremy Hunt committed to cutting the tax status for non-doms, short for non-domiciled individuals, who live in the UK but whose permanent home is abroad.
Speaking to GB News Breakfast, Labour MP and Shadow Chief Secretary to the Treasury Darren Jones said: "We were not cursing when the Tories took the non-dom status from us. We found it quite amusing, to be honest. We'd been arguing for that for years as an effective way to raise the taxes that are so important for our public services.
"Until about the week before the budget, Jeremy Hunt and the Conservatives were saying that the plan was not effective and that it wouldn't raise any money. [They said] that it would cost the country money.
"Now in the budget, they've taken our policy and said it's going to raise over £3 billion a year. We agree with that assessment. We think that they should have done it years ago.
"We will set out in our manifesto all of our policies being fully funded and fully costed.
"There are still measures that we've announced on this side of the manifesto, for example, closing the VAT loophole on private schools and dealing with private equity taxation for people who buy and sell businesses."
