The U.K. is to soften some planned changes to its controversial non-dom tax rule following concerns of a millionaire exodus, the Treasury has confirmed.

Chancellor of the Exchequer Rachel Reeves said she will relax some of her changes to the UK’s tax regime for wealthy foreigners, known as “non-doms,” amid concerns the Labour government’s policies are pushing millionaires to leave the country.

The UK government plans to amend its non-domiciled ("non-dom") tax regime in response to concerns over an exodus of wealthy individuals, Treasury officials have confirmed.

CNBC reports that the United Kingdom plans to ease the proposed changes to the controversial tax rules for non-residents. The American broadcaster notes that nearly 11,000 millionaires left the country last year.