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Labour must be 'a lot more energetic' tackling billionaire wealth after Sunday Times Rich List blip
King Charles III reading the King's Speech in the House of Lords Chamber during the State Opening of Parliament in the House of Lords at the Palace of Westminster in London, July 17, 2024

THE Treasury must not be distracted from tackling Britain’s huge economic inequalities by a blip in this year’s Sunday Times Rich List, experts said today.

Researchers revealed the sharpest decline in billionaires residing in Britain in the list’s 37-year history — from 165 in 2024 to 156 this year.

The Labour government abolished non-dom tax status in April, which applied to residents of this country whose permanent home or domicile for tax purposes is outside Britain.

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