Nigel Farage Plans Tax Raid on Wealthy Foreigners to Give £600 Boost to UK Workers

Nigel Farage wants to hit rich foreigners with a £250k “entry fee” to fund £600 payments for UK workers. Critics say it’s reckless and full of holes.

Nigel Farage is gearing up to unveil a bold – and controversial – new tax plan aimed squarely at rich foreigners living in the UK. The Reform UK leader wants to charge up to £250,000 in a one-off payment from wealthy newcomers or those returning to the country, in a move he’s calling an “entry contribution”.

It’s being pitched as a kind of Robin Hood tax – take from the rich, give to the hard-up. According to Reform UK, the idea is to raise as much as £1.5 billion a year and hand out £600 payments to around 2.5 million low-paid workers.

A party source told The Sun: “Since the 2008 crash, the Bank of England pumped billions into the economy — but the working class didn’t see a penny. This is about repairing the social contract. For once, the working class should be getting the bonus.”

This “entry contribution” would specifically target non-domiciled individuals, or non-doms – people who live in the UK but don’t pay tax on earnings made overseas. Under the new plan, foreign nationals moving to Britain would be issued a so-called Britannia card. That card would come with tax perks, including a break on foreign income taxes, but only after they’ve paid the upfront levy.

The card would last ten years before needing renewal, and cardholders would still have to pay UK tax on any income made inside the country. Reform UK says it’s all about fairness and plugging the gap left by years of economic policies that haven’t helped everyday workers.

Farage, who’s been leaning heavily into populist messaging, says the tax is designed to reward “people who set their alarm clocks” – a reference to Britain’s working classes, whom he claims have been sidelined for far too long.

But not everyone’s buying it.

Labour and the Conservatives have both come out swinging, branding the policy unrealistic and potentially damaging. A Labour spokesperson warned:
“As ever with Reform, the devil is in the detail. This giveaway would reduce revenues raised from the rich that would have to be made up elsewhere, through tax hikes on working families or through Farage’s promise to charge them to use the NHS.”

And Shadow Chancellor Mel Stride didn’t hold back either, saying:
“The British public needs a real plan for putting more money in their pockets. Reform’s promises are ruinously irresponsible.”

The timing is interesting. Labour has also been taking aim at non-doms, with Shadow Chancellor Rachel Reeves pushing for tougher measures back in October. But there’s now talk that Labour might water down its plans – especially around inheritance tax – after facing mounting pressure.

Farage’s announcement, expected Monday, is clearly intended to put pressure on both main parties and bolster Reform’s “party of the people” image. Whether it sticks – or backfires – remains to be seen.

If you’re curious to dig deeper, check out the full reports from The Sun, The Guardian, and BBC News for more context.

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