Jeremy Hunt says axing nom-dom status would be ‘wrong thing’ for UK

Chancellor defends keeping tax status as he warns of challenging times' and suggests Brexit has affected economy

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Jeremy Hunt has defended resisting moves to force super-rich people who live in the UK but pay no tax on their offshore income to shoulder more of the burden, as he warned of a challenging" two years ahead for households.

After a frosty reception to his plan in the autumn statement to drag 6 million people into higher tax rates while the UK plunges into recession, the chancellor said the strain could not fall on only a very small group of very rich people".