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Reform UK believes the plans for a Britannia card will make the UK ‘incredibly attractive’ to the wealthy, but tax expert Dan Neidle has warned it will leave a massive black hole

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Nigel Farage’s plans to introduce a ‘Robin Hood tax’ to attract the wealthy back to the UK would cost the economy £34bn a year, a leading tax expert has warned.

Dan Neidle of Tax Policy Associates has hit out at the Britannia card scheme proposal, which would allow wealthy people to pay a one-off fee of £250,000 and replace the former non-dom scheme scrapped by Tory chancellor Jeremy Hunt and current Labour chancellor Rachel Reeves.