Relatively minor tweak to finance bill is part of Labour signals that UK is attractive place to invest

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Rachel Reeves has said she will amend the finance bill to soften planned changes to the tax regime for “the non-dom community” after intense lobbying from wealthy UK residents.

In the latest evidence of the government’s determination to roll out the red carpet for businesses and investors in an effort to kickstart growth, the chancellor said she would tweak tax arrangements announced in her October budget for those claiming non-domiciled status.