Reform will ensure non-doms contribute to Britain
Over the past 10 years, UK policy toward non-domiciled taxpayers ('non-doms') has lurched from piecemeal tightening under successive Conservative chancellors to outright abolition under the current Labour Government.
The result? A record-breaking and alarming exodus of high-spending, high-tax-paying residents, leaving an estimated £7 billion yearly hole in public finances and inflicting huge collateral damage on London's position as Europe's financial centre.
The social contract between the rich and the poor is at an all-time low. Public trust in the tax system has been eroded by perceptions that elites play by a different set of rules. In the past, your average Briton saw little to no benefit from the wealthy in their midst. If anything, it created greater division and hostility.
Reform UK is determined to change this. We are the party of working people – the party of those with alarm clocks who get up in the morning and work hard, whether they're at the higher end of the financial scale or the lower end. Our approach is different, transparent, and designed to directly benefit the hard-working backbone of this nation.
Unlike the opaque financial mechanisms of the past, where wealth seemed to vanish into hidden pots of money that ordinary people could not see, Reform UK is committed to doing things differently. We will rebuild the social contract by ensuring that every wealthy individual who wishes to move here makes a tangible contribution to Britain's lowest earners.
Our policy is simple: Britain must be a place where success is celebrated, not punished with excessive taxes, crippling energy costs, or punitive inheritance levies.
We will actively encourage the return of wealth and talent to the United Kingdom – on the clear condition that those who come here deliver immediate, visible benefits to our workers.
Here's how it works: every high-net-worth newcomer (or returning leaver) will pay a £250,000 one-off entry contribution in return for a stable, indefinite remittance-style regime on offshore income and a 20-year inheritance-tax shield. Crucially, 100 per cent of this contribution is hypothecated to Britain's lowest-paid full-time workers, delivered automatically by HMRC as a tax-free cash dividend.
This means roughly 2.5 million hard-working Britons – the grafters who keep this country running – will receive an annual cash bonus, sent directly to their bank accounts at the end of the financial year.
Thanks to this policy, in a low-uptake scenario with 6,000 cards issued annually, we'll generate a £1.5 billion fund, resulting in a tax-free annual dividend of £600 per worker. In a high-uptake scenario with 10,000 cards, this could deliver a £2.5 billion fund, providing £1,000 per worker.
This isn't just a number. It's money in the pockets of those who need it most, from cleaners to nurses to small-business owners.
Our policy is not a 'golden visa' or a backdoor to citizenship. It is a one-time flat tax paid by newcomers in exchange for the certainty of a favourable tax status. Individuals will still be liable for all standard UK taxes on UK-sourced income, property, and spending. But they won't be taxed on offshore income and gains for the duration of their agreed status. Pay your quarter million pounds upfront, and enjoy UK residency without worldwide taxation hassles. After all, this is still the best country in the world, and many of the world's wealthy want to move here but are deterred by the economic downsides.
Unlike the old, indefinite non-dom arrangement under the Tories, which lacked transparency and failed to benefit ordinary people, our solution is immediate, visible, and mutually beneficial for both newcomers and the hard-working British worker struggling to make ends meet.
Unlike Labour's punitive approach, which drives wealth away, we incentivise the rich to return to Britain.
Over the past decade, the number of non-dom taxpayers has plummeted from over 120,000 to fewer than 80,000. The failed approaches of both Labour and the Conservatives have cost this country billions annually.
Reform UK's plan will reverse this trend, capturing revenue from global wealth, channelling funds to support the working class, and restoring London as a global powerhouse for business, finance, and investment.
The driving ambition of Reform UK is to put the lives of everyday British citizens first – and this policy does exactly that.
We are the party of working people, and we are building a Britain where wealth and opportunity are shared, not hoarded. By ensuring that every pound contributed by the wealthy goes directly to those who get up early and work hard, we are creating a fairer, stronger, and more prosperous nation for all.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
13 minutes ago
- BBC News
Littlehampton's West Green receives multi-million pound refresh
A multi-million pound West Sussex seafront development including a water play area, beach volleyball courts and a climbing wall has officially West Green in Banjo Road, Littlehampton, has received a refresh as part of plans to boost the local economy and provide modern facilities in the development, which opened on Friday, had been backed by more than £7m in Levelling Up funding, and also includes improved pathways and solar panels, while new toilets will also be opened once the facilities are Lury, leader of Arun District Council, said the project reflected "what local people told us they wanted". He said it was a "place for everyone - families, young people, and older residents - to enjoy throughout the year". The council said four food and drinks kiosks at the site will be operated by local cafe's and ice cream shops to provide planting has also been introduced, it said, adding that some areas would be seeded after the warmer summer Norris, government minister for local growth, said: "The West Green will be a brilliant asset for residents and a real draw for visitors, boosting the local economy whilst creating a space everyone can enjoy."
Daily Mail
13 minutes ago
- Daily Mail
British winemakers celebrating a bumper crop - after boiling weather sparks grape growth
British winemakers are celebrating a bumper crop this year thanks to the heatwaves blasting the UK. Little Waddon Vineyard, a small boutique vineyard on the Dorset Downs, was left reeling last year after the wet conditions wiped out most of its crop. But it has bounced back with a flourish in the baking heat of 2025 with impressive yields for its Seyval Blanc, Regent and Phoenix grape varieties. Simon and Karen Priestman bought the vineyard in 2018 after he had spent 40 years as a cameraman. They had no wine growing experience but now make award-winning English sparkling and red wine from their two acres of vines, with bottles that go for up to £42 each. When they do tours at their vineyard near Weymouth, visitors tell them it is like being in the south of France. Simon, 64, said: 'It's been such a cracking year right from the off and we had a really good flowering. 'It was warm and we didn't have any rain and prior to that didn't have a frost so we had good fruit set. 'The result was a uniform array of berries as we have had consistently strong sunshine. 'We are not bothered about the lack of rain as our vines punch their way down to find water where they want it. 'Visitors to the farm say it is like the south of France but we proudly say 'this is Dorset'. 'Last year was a disaster as it was so wet and we don't use herbicides or pesticides to control mildew, so it is a complete turnaround. 'Karen and I bought the vineyard in 2018 having never grown a grape before and now we make award-winning wine.' It comes as the UK has been experiencing hotter summers than ever, with Brits battling temperatures as high as 35C. And it seems the fourth heatwave of summer could last for a week as temperatures make the country hotter than Ibiza - as UK health authorities warn of a rise in deaths. A yellow heat alert has been extended until Monday, with temperatures expected to hit 30C over the weekend. The UK Health Security Agency (UKHSA) said warnings will now be in place for Yorkshire and Humber, the East and West Midlands, London and the South East, South West and east of England until 6pm on August 18. And if the hot weather continues, British vineyards could become the norm across the country. According to a new report, higher temperatures will provide perfect conditions for Cabernet Sauvignon further north including in Yorkshire. In the UK, Cabernet Sauv could be grown as far as Hull in Yorkshire by 2100, as well as all over the Midlands, East Anglia, south Wales and south England, and over more of northern Europe too. Scientists think that as the climate warms, more of the UK will offer ideal growing conditions for the grape, which thrives in hot, sunny climates. However, Scotland will still be too cold for Cabernet Sauv even by 2100, while much of Mediterranean Europe will be too hot.
Telegraph
13 minutes ago
- Telegraph
Anyone with a brain is jumping off HMS Britain
A piece was recently published about five Oxford graduates. All of them are struggling to find work more than a year after getting good degrees. The article provoked a spate of online mockery about the young people's supposed sense of entitlement. Not for the first time, social media reminded us that we are what GK Chesterton called 'veneered vandals', savages under the thinnest of layers. In fact, the five Oxonians came across as ambitious and determined. They were making ends meet through temping, tutoring and working summer jobs while firing off hundreds of application letters. They were simply finding out, like so many people of their age, that three years of study and tens of thousands of pounds in student debt no longer get you onto the first rung of a career ladder. This discovery shocked them, as well it might. Theirs was the generation that was yanked out of school in March 2020, thinking that they would be back to take their A-levels after three or four weeks of lockdown. In fact, it wasn't just their schools that they never went back to; it was the way of life of pre-pandemic Britain. Before lockdown, the UK budget was on its way to surplus. Now, the Government is borrowing nearly £150 billion a year, two thirds of which must go to pay interest on past borrowing. No one has a plan to undo the supposedly emergency spending of 2020. The only debate is over whether taxes must rise to meet the new commitments, or whether we carry on borrowing. Did we imagine that we could pay people to stay home for the better part of two years without suffering an economic hit? As a matter of fact, I think a lot of us did. The same people who spent lockdown howling down attempts to loosen restrictions as 'putting the economy before lives' are now angry and bewildered because prices, taxes and unemployment have risen. Britain has reached the end of a long run of structurally high employment. For more than 30 years, our jobs market was the envy of Europe. Yes, we could be hit by external events, notably the global financial crisis. But we bounced back quickly, because we understood that the best way to encourage employers to hire people was to make it easy to fire them. A moment's thought reveals why. In a country with light employment regulations, firms take on staff during upswings, knowing that they can always drop them if things go wrong. But in a country with restrictive regulations, every employee is a potential liability, and companies hang back warily. In such countries, unemployment is structurally high, especially among young people. That has been southern Europe's tragedy for decades. British governments used to understand this. Neither Tony Blair nor Gordon Brown tried to undo the labour reforms of the 1980s. Both knew that, if they wanted revenue for public services, they needed a buoyant economy. Keir Starmer and Rachel Reeves, by contrast, seem to struggle with the concept of cause and effect. Never mind their tax-and-spend policies. They appear not to grasp that raising the costs of employing people leads to fewer people being employed. Four months ago, they hit businesses with a double tax. Employer National Insurance contributions rose from 13.8 per cent to 15 per cent, and at the same time kicked in on earnings above £5,000 instead of £9,100. What did they think would happen, for heaven's sake? If tobacco taxes reduce smoking and carbon taxes reduce emissions, what did they suppose jobs taxes would do? Sure enough, the number of employees on payroll plunged by 109,000 the following month, and has declined further in every month since. Britain's overall unemployment rate is now at its highest since lockdown. The really striking figure, though, is youth unemployment. Among 16- to 24-year-olds, the jobless rate has reached Mediterranean levels: over 14 per cent in recent months. Why? Again, because of our refusal to acknowledge that actions have consequences. Pushing up the minimum wage (which applies from age 16) and the national living wage (which applies from 21) makes MPs feel righteous. They have voted to raise minimum remuneration for 20-year-olds by 55 per cent since 2020. The trouble is that these repeated hikes end up punishing young people, not helping them, by closing off job opportunities and condemning many to welfare. Around 60,000 students a year go straight from university onto long-term sickness benefits. MPs with a basic knowledge of economics tend to keep quiet, because they are terrified of being asked how they would like to live on £10 an hour. It is an irrelevant question, but it nonetheless terrifies them. I was, I think, the only parliamentarian to speak out against an above-inflation hike in the minimum wage during the pandemic, at a time when wages were falling across the private sector. Everyone else wanted an even bigger rise. Ignorant voters, self-righteous journalists and cowardly politicians make a potent combination. This year, the minimum wage rose by 18 per cent for 16- and 17-year-olds and by 16.3 per cent for 18-, 19- and 20-year olds. Result? Fewer jobs for young people. Openings in the hospitality sector are down by 22,000 since last year, and graduate postings have fallen by an almost unbelievable 33 per cent. To repeat, policies have consequences. I sometimes think that the readiness to acknowledge trade-offs is the real dividing-line in politics. And I don't just mean among politicians. Among voters, too, there are those who look at the costs of policies, and those who go to the polling station humming 'I'm just a soul whose intentions are good'. Hikes in the minimum wage are the least of it. The open-ended extension of equalities laws is an even greater deterrent. When retail workers can be compensated for being paid less than warehouse workers on supposedly sex discrimination grounds, even though the retail workers were refusing to be redeployed to warehouses, employers can hardly be blamed for being reluctant to hire. And that is before we get to Angela Rayner's package of employment laws, the most far-reaching since the mid-1970s. The Employment Rights Bill, currently before the House of Lords, is a regulatory omnibill that covers sick pay, paternity leave, bereavement, privileges for new employees, a right to demand flexible working, new holiday entitlements and extra powers for trade unions. As Tony Blair put it, early in his premiership: 'There is almost always a case that can be made for each specific instrument. The problem is cumulative. All these good intentions can add up to a large expense, with suffocating effects.' Quite so, and it is more than a little scary that we are governed by people who can't see it. Here is a paradox. Labour – the clue is in the name – is meant to be the party of the worker. Yet every single Labour-majority government has left office with unemployment higher than when it began. Every. Single. One. This one, unlike some of its predecessors, has wasted no time. Already we can see where it is going: more and more workers' rights, fewer and fewer workers. We are in a vicious circle. Higher unemployment means fewer people paying taxes into the system and more drawing benefits from it. Since Labour has already proven that it cannot cut spending – not even mildly to slow the rise in benefits claims – that can only mean even higher taxes, prompting more disinvestment, slower growth, higher unemployment and lower revenue. According to a survey by the British Council, 72 per cent of Brits under 30 are thinking of working abroad, and who can blame them? We are pulling off the extraordinary double of simultaneous emigration and immigration crises, exporting our entrepreneurs and replacing them with people who go onto benefits. And, God help us, we have another four years of it to come.
