Nigel Farage and Zia Yusuf are in London to announce the launch of Reform’s new “Britannia Card” policy. A fee of £250,000 for each former non-dom to regain the associated tax benefits…
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Reform says it will distribute funds collected from the fee directly to the bank accounts of the 10% lowest paid earners. Deflecting the usual accusations that this is a handout to the rich…
Italy already has such a scheme priced at €200,000 annually. The policy proposals have been pushed by pro-non-dom campaigners who say the solution is “a tiered tax regime that is internationally competitive – raising more revenue but retaining investors.” It’s working for the Italians…
Farage says he believes this will “stop the exodus of people leaving this country.” He adds that Labour will introduce something like a Britannia Card within a year…
Reform’s details:
Every high‑net‑worth newcomer (or returning leaver) pays a £250,000 one-off Entry Contribution in return for a stable, indefinite remittance‑style regime on offshore income and gains and no inheritance tax. Crucially, 100% of the Entry Contribution is distributed to Britain’s lowest earning 10% of full‑time workers, delivered automatically by HMRC as a cash dividend.”
Krishnan Guru-Murthy asked John Healey: “Just finally, I mean Andy Burnham has been very clear he wants Britain back in the European Union in his lifetime. Do you?”
The Chancellor replied: “I’m older than Andy Burnham. I don’t expect to see that.”