TaxPersonal TaxNon-dom billionaire vows to bankroll Brown

Non-dom billionaire vows to bankroll Brown

Lord Paul says he will fund prime minister if a snap election is called

Non-domiciled steel billionaire
Swaraj
Paul
has pledged to finance the election campaign of Gordon Brown
if the prime minister calls a snap election.

Lord Paul, who has said that although he is non-domiciled he still pays big
sums to the Treasury, told Channel 4 in an interview that ‘if there is an
election, whatever I can pay I will pay. I am a believer in Gordon Brown’.

The pledge from Lord Paul could smooth the way for an autumn election, but
the fact that he is a non-dom could be awkward for Brown.

The non-dom issue has heated up over the summer and Brown’s chancellor,
Alistair Darling, is in the process of conducting a sensitive and controversial
review of the rules.

Further reading:

Non-doms are good for the UK

Non-doms bolster Treasury coffers by
£3bn

MPs to hone in on non-doms

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