Speaking today at Church House in Westminster, Nigel Farage announced that Reform will introduce a ‘Britannia card’ that will let wealthy foreigners pay a £250,000 fee to move to the UK, and live here exempt from all tax on their foreign assets. The move is an attempt to win over ‘non-doms’ alienated by Labour and Conservative governments and bring their wealth back into the country.

The party says the policy will raise between £1.5 and £2.5 billion annually. Our analysis of the data suggests it is more likely to cost around £34 billion over five years.

Reform’s ‘Britannia cards’ will cost £34 billion, www.spectator.co.uk