Experts said the tax changes contributed to a growing exodus of millionaires from the UK - and the chancellor should find ways to attract them back to help the economy.

Rachel Reeves is planning to water down her tax raid on ultra-wealthy non-doms after an exodus of millionaires from Britain.

Chancellor Rachel Reeves has indicated the Labour Government will be making an U-turn on one of her controversial tax decisions which was announced during the Autumn Budget. Specifically, Reeves has asserted she is open to relaxing the rules impacting the "non dom community" in a move to stop wealthy taxpayers fleeing the UK while appearing at the