Nigel Farage slaps down fears over tax break misuse after vowing to back those who 'get up early and go to work'
The Reform UK leader unveiled plans for a £250,000 'Britannia Card' at a press conference this morning
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Nigel Farage has dismissed concerns that his new non-dom tax policy could be misused, insisting it is specifically designed for "working people" and not criminals.
The Reform UK leader was responding to questions about whether the scheme could be exploited or lead to double payments within households.
"This is for working people," Farage emphasised when challenged by GB News Political Editor Christopher Hope about potential misappropriation.
"We're doing everything we can.
"We've said from the start that we are the party of working people."
The Reform leader stressed the policy targets those "who get up early in the morning and go to work" and want to maintain their pride through employment rather than relying on benefits.
Nigel Farage said that the move is "for working people"
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He said: "This is, rather like our child tax credits, for working people.
"We're doing everything we can. We've said from the start that we are the party of working people. We are the party of those that get up early in the morning and go to work.
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"We're the party of people who don't want to go on benefits.
"They want, for their own sense of pride, to keep on working, but find themselves, in many situations, very little better off than the couple that live next door and choose not to work as a lifestyle choice.
"Once again, we're doing something here aimed at working people. The idea that criminals are going to get it etc. just is not going to be the case.
"All right. How did we reach the figure? It's about finding a figure that we think lots of people will pay, because what we want are lots and lots of job creators, lots and lots of risk takers, lots and lots of entrepreneurs to come into our country.
WATCH: Nigel Farage announces non-dom status plans
"We believe we've got this figure right, and I am certain, absolutely certain, this would have a big uptake in the first few years."
The Reform UK leader unveiled plans for a £250,000 "Britannia Card" that would allow non-domiciled individuals to avoid taxes on offshore income and inheritance in exchange for a one-off payment.
The entire sum would be distributed directly to Britain's lowest-paid workers through HMRC.
Under the scheme announced this morning, wealthy individuals would pay the "Entry Contribution" for a stable tax regime on offshore income and a 20-year inheritance tax shield. The payments would go to approximately 2.5 million full-time workers earning less than £23,000 annually.
Christopher Hope questioned the Reform UK leader
GB NEWS
The policy comes amid a significant exodus of wealthy individuals from the UK, with 10,800 people leaving in the last year.
The number of non-doms has plummeted from approximately 150,000 a decade ago to an estimated 60,000-70,000 today.
Labour abolished non-dom status in April, accelerating plans initially revealed by former Conservative chancellor Jeremy Hunt.
The changes mean all UK residents are now taxed on their worldwide income and gains.