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The Guardian - UK
The Guardian - UK
Politics
Aletha Adu and Rowena Mason

‘Billionaires’ bonanza’: Labour derides Reform plan to offer tax exemptions to wealthy

Nigel Farage
Nigel Farage hopes the Britannia Card policy will show voters that Reform UK is on the side of workers. Photograph: Jeff Moore/PA

Nigel Farage has defended his plans to attract wealthy individuals to the UK with a £250,000 fee for 10 years of residency and a special tax regime, as Labour called it a “billionaires’ bonanza”.

In a press conference in London, the leader of Reform UK said he wanted to win back very wealthy people leaving the country, and encourage them to spend and create jobs in the UK.

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