Nigel Farage will announce a Robin Hood-style tax tomorrow on rich foreigners up to £250,000. The Reform UK leader plans to impose a one-off payment on newcomers or those hoping to return to the UK.

Labelled as an “entry contribution”, the law would target non-dom foreigners who live in the UK but pay no tax on foreign income. Reform has consistently attempted to place itself as the party of the working class, with Farage stipulating that he aims to represent the people who “set their alarm clocks” in the morning. But Labour and Conservative critics have slammed the plan as lacking substance and “ruinously irresponsible.”

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Pensioners can make ‘magic’ move to nearly half tax bill

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All the state pensioners who’ll get Winter Fuel Payment taken back by HMRC

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Martin Lewis winter fuel payment warning to state pensioners earning £500 in savings

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State pensioner couples under 80 to get £100 payment from DWP

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New state pensioners earning £23,027 and 1p set to lose winter fuel payment

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Rachel Reeves’s winter fuel U-turn descends into madness – can you work out what you get?

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Little-known inheritance tax rule to slash overall tax rate by 4%

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DWP winter fuel payment clawback ‘could hit people on certain benefits’

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State pensioners living together can get weekly £346 payment from DWP

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UK households issued urgent alert over council tax payments

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DWP minister statement as he is pushed to make ‘additional’ Winter Fuel Payments

Comments

Rachel Reeves tax raid kicks in as Brits forced to hand over £8bn

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Pensioners urged to check their savings as many face missing out on £300

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Rachel Reeves plots huge inheritance tax U-turn as thousands flee UK but she’s too late

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Rachel Reeves major tax U-turn possible as she faces huge pressure

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Thousands of Brits call for State Pension payments to be exempt from income tax

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Pensioners can make ‘magic’ move to nearly half tax bill

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Keir Starmer needs £5bn to stop Labour civil war – but Rachel Reeves just spent it!

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All the state pensioners who’ll get Winter Fuel Payment taken back by HMRC

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Winter fuel payment ‘issue’ could see millionaires eligible for up to £300

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Martin Lewis says one winter fuel payments group ‘best to opt out’ of cash

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Reform fury as council ‘spends taxpayers’ money on TV licences for migrants’

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Martin Lewis winter fuel payment warning to state pensioners earning £500 in savings

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State pensioner couples under 80 to get £100 payment from DWP

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New state pensioners earning £23,027 and 1p set to lose winter fuel payment

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Rachel Reeves’s winter fuel U-turn descends into madness – can you work out what you get?

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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.”

A Labour spokesperson added: “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.”

Shadow Chancellor Mel Stride said: “The British public needs a real plan for putting more money in their pockets.

“Reform’s promises are ruinously irresponsible.”

Reform UK believes that the scheme could raise as much as £1.5 billion a year for the UK coffers, which would allow them to give £600 to 2.5 million low-paid workers annually.

Under the scheme, those entering the UK would be given a “Britannia card” which would grant them a range of tax exemptions and would prevent them from having to pay tax on income earned outside of the UK.

Britannia cardholders would still be liable to pay tax on income earned in the UK, and the levy would be renewed every ten years.

Rachel Reeves announced measures in October’s budget aimed at targeting the earnings of non-doms who are able to avoid paying tax in the UK.

However, after serious pressure, the Chancellor is understood to be considering watering down her non-dom policy by easing rules surrounding inheritance tax.