The FT's editorial today rubbishes the claims of those who say that non-doms are queueing up to leave the UK. It says

Tax advisers are warning the measure will provoke an exodus as well as damage to inward investment and to London's property and art markets. This is scaremongering.

The UK government should approach all tax changes carefully. In the case of non-doms, its rationale is sound. For those who do not like it, there is always Panama.

Quite right.

And a more restrained riposte to the follwoing from the FT last week than I would have given:

Jonathan Ivinson of Hogan & Hartson, a law firm with offices in Geneva, reported that two hedge funds that he would have expected to base themselves in London had opted for Switzerland.

"I have detected a real change in attitude to London," he said. "The climate of uncertainty scares people. The tide seems to have turned towards higher taxation and less tolerance."

I was going to call that something very rude.

Suffice to say that 40% is not high taxation and the only intolerance we're seeing is of those who wish to cheat. Most of us call that justice. You have to be a friend of Leona Helmsley to think otherwise.