The Chancellor of the Exchequer will not make further significant concessions on either the taxation of 'non-doms' or capital-gains tax, Whitehall sources say. Sunday Times

He is also set to press ahead with tax changes that leading accountants say will leave small businesses with a tax bill running into hundreds of millions and a huge increase in red tape.

The chancellor, despite proposing a lifetime 'entrepreneurs' relief' of £1m to soften the blow of the abolition of CGT taper relief and an increase in its minimum rate from 10% to 18%, has been under pressure to make further changes.

Business groups have also urged him to delay for a year the £30,000 annual levy on non-doms until disclosure and other issues are sorted out. But the new levy, which will apply to non-doms only after seven years in the UK, will go ahead.