This would be available for a one-time payment of 250,000 pound ($336,000). The initiative primarily targets affluent foreigners and entrepreneurs seeking favourable tax conditions.
Reform UK’s Britannia card will bring thousands of wealthy job creators back to the UK and directly benefit working people. ✅ pic.twitter.com/iOgOyNUCJS
— Nigel Farage MP (@Nigel_Farage) June 23, 2025
According to Farage, the new scheme is aimed at drawing back individuals who contribute significantly to the economy.
“We want, as a party, as many entrepreneurs, as many risk takers, as many job creators, as many people paying lots of tax, as many people investing huge sums of money – we want as many of them as possible to be in our country and that is why today we are coming up with this idea of the Britannia card,” Farage said, as per Reuters.
Counter to abolished non-dom tax status
The proposal is in contrast to recent moves by the governing Labour Party, which has tightened rules around the “non-domiciled” residents, individuals who paid little to no extra tax on foreign earnings while residing in the UK, as per Reuters.
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Farage claimed that around 10,800 wealthy individuals, including both non-doms and British nationals, left the UK last year.
Farage argued that the revenue from the 250,000 pounds payments would be redistributed to support lower-income earners. “We are also doing something with a very specific aim, aimed at those in work … So making that gap between being on benefits and going to work bigger, this policy will directly contribute towards that,” he said.
Tax cut for foreign billionaires
The policy has drawn criticism from Labour’s finance minister Rachel Reeves. She said that Reform UK was offering a “tax cut for foreign billionaires”.
“That would mean either taxes on ordinary working people would have to go up to compensate for those lack of revenues, or … Reform would have to cut public services,” Reeves was quoted as saying by Reuters.
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Reform UK has been gaining traction in opinion polls. With national elections expected by mid-2029, the party’s popularity is attributed to growing public dissatisfaction with mainstream political parties and an increased appeal of populist platforms.
A recent Ipsos poll puts Reform UK on 34%, nine points ahead of Labour with 25%, Conservatives a distant third with 15%, which clearly shows that the party not only has a chance to win the next election but also of claiming sufficient majority in the House of Commons, reported Sky News.
