Reform UK leader Nigel Farage has unveiled a policy to charge “high-net-worth” newcomers and returners £250,000, with proceeds to be returned to Britain’s “lowest-paid” full-time workers.
Writing in The Telegraph on Sunday (22 June), Farage outlined the Britannia Card policy, which would see contributors rewarded with an indefinite remittance-style regime on offshore income in addition to a 20-year inheritance tax (IHT) "shield". Farage set out that under the plans "roughly" 2.5 million Britons could receive an annual cash bonus of between £600 and £1,000. A "low-uptake" scenario of 6,000 cards issued a year could see a £1.5bn fund generated, while a "high-uptake" scenario of 10,000 could provide a £2.5bn fund, Farage said. In his piece for The Telegraph, Farage insist...
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