Reform UK Unveils New Investor-Visa Plan to Attract Wealthy Returnees

Reform UK’s Treasury spokesman Robert Jenrick announced that the party intends to improve its Britannia Card scheme, which would let affluent foreign nationals purchase a ten-year renewable residence permit for £250,000. Successful applicants would be exempt from UK inheritance tax and from tax on foreign wealth, income and gains. Jenrick framed the offer as a way to reverse recent high-profile departures of billionaires after tax changes by the current Labour government and the preceding Conservative administration. Bloomberg reported that hedge-fund founder Chris Rokos is set to switch his residency to Greece, underscoring the competitive pressure Reform seeks to counter.

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The party also pledged to raise the personal-income tax-free threshold for ordinary Britons from £12,570 to £15,000, a measure Jenrick said could cost £20 billion or more annually. While Reform will not cut National Insurance contributions beyond its existing proposal, it plans to offset any inflationary pressure from a modest online delivery tax (1-2 %) by cutting business rates for physical shops in town centres.

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Jenrick emphasized a “very hawkish” stance on inflation, noting that reforms to energy policy, the repeal of Labour’s Employment Rights Act, and a reversal of recent National Insurance hikes would help contain price growth.

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Richard Tice, Reform’s business and energy spokesman, argued that a small delivery tax would rebalance e-commerce and brick-and-mortar retail, and that cutting business rates would keep consumer prices low. He warned that without such measures, town centres risk “a cycle of decline.”

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• “There will be difficult decisions on things like public sector pay, for example, where it will be important for me to hold the line and not see costs spiral, which are ultimately inflationary,” — Robert Jenrick

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• “When we explain what’s happening — ultimately, it’s in nobody’s interest for our town centers to be in a cycle of decline,” — Richard Tice, Reform’s business and energy spokesman, faces a similar balancing act

Bloomberg