The UK government's introduction of a new investment visa for wealthy foreigners aiming to enhance key sectors seems promising but clashes significantly with recent tax policy changes. The abolition of the non-domiciled tax regime threatens to deter existing investors, who have played a vital role in the nation's economy. Experts warn that the attempt to attract global capital might backfire, as it alienates established wealth-creators while trying to attract new, temporary investors, creating a contradictory and economically reckless policy environment.
"On the one hand, ministers are asking for billions in backing for AI and clean energy. On the other, they're pulling the rug from under the very investors who've been quietly building Britain's economy for decades."
"The proposed visa targets a small, tightly defined subset of foreign investors - while the tax change risks alienating an entire class of globally mobile wealth-creators already living, spending, and investing in Britain."
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