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Peers quit for non-dom status
Four members of the House of Lords have quit in protest at new “non-dom” rules. The Conservative Lords quitting are Lord Laidlaw, based in Monaco, Lord McAlpine, a former party treasurer and Lord Bagri – former London Metal Exchange chair. Baroness Dunn, former deputy chair of HSBC bank, has also resigned her right to sit in the Lords. She has been living and working in Hong Kong since getting her peerage. New rules force Lords to choose between membership of the upper house and retaining their non-dom status, which allows them to pay no UK tax on worldwide income. They will retain their titles.