Bearly Newsworthy: Nigel Farage's Broken Billionaire Loyalty Scheme
Reform UK's 'Britannia Card' is not just sloppy arithmetic, but outright theft, reports The Bear
If there were a prize for Most Transparent Metaphor in British Politics, the Britannia Card would win by a landslide. A platinum-plated loyalty card for the ultra-rich, handed out by a party that claims to speak for the "left behind." Reform UK has finally given up pretending that they're here to fix Britain. Instead, they're offering to sell it – £250,000 a pop, tax-free returns included.
Under their shiny new scheme, the mega-rich can pay a one-off fee of £250,000 for a ten-year stay in the UK with zero tax on foreign income, capital gains, or inheritance. Think of it as non-dom status reimagined – with cashback. Reform's big idea is to "lure back" the wealthy that have apparently been fleeing these shores (they haven’t been) by offering them exactly what the rest of us will never get: a tax holiday and a red carpet.
And just in case that didn't feel quite dystopian enough, here's the supposed social contract being peddled: the money raised – up to £2.5 billion a year, they claim – will be redistributed to 2.5 million low-paid workers in the form of tax-free bonuses. A billionaire wealth raffle, with £600 prizes for the lucky poor and it all feels like trickle-down economics masquerading as a scratchcard.
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