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Prospect of party closing Tory ‘loopholes’ if elected prompts some wealthy individuals to explore a move overseas“People are jumping on planes right now and leaving,” said Nimesh Shah, the chief executive of Blick Rothenberg, an accountancy firm that specialises in advising very rich “non-doms” on their tax affairs. “I am not being dramatic, they are leaving right now.”Shah said his clients – some of...

Shadow chancellor says Labour would ‘ramp up’ number of HMRC staff to close gap between what is owed and paidUK politics – latest updatesThe shadow chancellor, Rachel Reeves, has said proposals to close the tax gap to fill a hole in her spending plans is not “rocket science”.Reeves was forced to respond after Jeremy Hunt used his budget to adopt some of Labour’s revenue-raising...