Chancellor Jeremy Hunt is preparing to potentially dismantle a half-century-old tax arrangement for non-domiciled individuals in the UK, a move expected to generate billions in revenue for the government. Simultaneously, former England football captain David Beckham is widely tipped to receive a knighthood in the upcoming honours list, according to reports surfacing November 5, 2025.
The potential overhaul of the ”non-dom” tax status, last significantly reformed in 2008, would impact wealthy foreign residents who currently do not pay UK tax on their overseas income. Hunt’s plan, reportedly under consideration ahead of the Autumn Statement later this month, aims to replace the current system with a new one that could see these individuals taxed on their global income after a period of 10 years of UK residency. The change is projected to yield an estimated £3.7 billion annually for the Treasury, funds the government hopes to allocate towards public services and tax cuts. The existing rules have long been a subject of debate,criticized by some as benefiting a privileged few while placing a greater tax burden on ordinary citizens.
Alongside the fiscal policy shift, sources indicate that David Beckham, 49, is expected to be elevated to a Knight Grand Cross of the Order of the british Empire (GBE), an honor reserved for individuals who have made extraordinary contributions to national life. Beckham’s illustrious football career, coupled with his subsequent work promoting the UK on the global stage – including a key role in the accomplished bid to host the 2012 London Olympics and his current position as a global ambassador – are cited as key factors in the anticipated recognition. The honours list is expected to be released before the end of November.
