It may also surprise you that taxation of non-doms was not the one and only reason I came to the UK in the first place three years ago.

If you have been buying the various ‘research’ gush that has been splashed everywhere recently, you would probably think that I am the only non-dom in Britain who is not booking a plane ticket to Switzerland.

I suspect, however, that I am not alone in planning to happily stay on in the UK, irrespective of the changes.

What so many commentators and experts have failed to recognise is that the UK has so much more to offer foreign professionals and businessmen other than generous tax breaks.

Yes, the special tax treatment for non-doms may be an added bonus for some foreign workers, but well-developed infrastructure, a skilled workforce, excellent location, rich heritage and fantastic lifestyle almost certainly play a much bigger role in attracting people to the UK than esoteric tax issues.

I accept that the way Alistair Darling introduced the non-dom changes, especially the rushed nature of the reforms and retrospective move on money held in off-shore trusts, could have been handled much better.

But although the execution was botched, the policy itself does make for a fairer tax system.

Finally, despite what the scaremongers say, I am confident that the UK economy will be just fine under the new non-dom regime.

Nicholas Neveling is a reporter on Accountancy Age