Non-doms grab will drive talent from City:

In London Labour's crackdown on non-doms is a massive gamble on the future prosperity and attractiveness of the City of London, argues Anthony HiltonA deputy Governor of the Bank of England once told me that the City was now so dug in as the world's financial centre that it would take a sustained outburst of government stupidity to undermine it and there were only two things which might actually drive business away.One thing it won't do of course is make a blind bit of difference to the seriously wealthy - those like Chelsea owner Roman Abramovich or the Indian steel tycoon Lakshmi Mittal. All they will do is move a brass plate offshore - or rather instruct one of their army of tax-specialist accountants to move it - and the one surely predictable result is that they will go to that trouble only if it means they pay even less UK tax.