Sir Peter Lampl responds to Jim O’Neill in the Financial Times.

Sir, Jim O’Neill (“London unites the world but splits the UK”, February 9) identifies London’s strengths as a global city and the problems caused by the high property prices highlighted by the FT recently. He is right to suggest that non-doms should contribute more to the city where they live, and his proposed education levy would undoubtedly be an improvement on the current situation where non-doms pay a simple flat-rate £30,000 a year regardless of income.

However, it would be fairer if, as in other advanced countries such as France, Germany and the US, non-doms declared and paid tax on worldwide income as British people do. More to the point, it would reduce the over-inflated property prices in the capital, making it affordable for people of all incomes to live and work in London.

Read the letter here