Oral Answers to Questions

Debate between Rushanara Ali and Nigel Huddleston

Tuesday 6th February 2024 Commons Chamber

[Nigel Huddleston]

Non-doms contributed about £8.5 billion in taxes in 2022, and have contributed to investment to the tune of £7 billion since 2012. The hon. Gentleman will be well aware that scrapping their status would not be risk-free in a world in which people can be quite mobile, and could damage the UK’s competitiveness. As for the need for other support, that is exactly why we have been reducing national insurance rates, for example.

[Rushanara Ali (Bethnal Green and Bow) (Lab)]

10. What recent assessment he has made of the potential impact of changes in mortgage interest rates during this Parliament on household disposable income.