Reform leader Mr Farage said: “We are the party of working people, and we’re building a Britain where wealth and opportunity are shared, not hoarded.

“By ensuring that every pound contributed by the wealthy goes directly to those who get up early and work hard, we’re creating a fairer, stronger and more prosperous nation for all.”

It follows the Labour government’s abolition of non-domiciled tax status in April. This allowed people whose permanent home was outside the UK to avoid paying tax on money made elsewhere in the world.

Reform would re-introduce the status for those buying the Britannia Card, said Mr Farage. He insisted the measure would mean the UK received more tax because it would reverse an exodus of the world’s ultra-wealthy, who are abandoning the UK to live in places such as Dubai.

As well as paying for the card, they would pay income tax on UK earnings as well as taxes such as VAT and Stamp Duty, Mr Farage said.

The proposal was attacked as “a bonanza for billionaires” by Labour chair Ellie Reeves. She said:“Not only is this a golden giveaway to the rich, but experts warn this will leave a massive black hole in the country’s finances that working people will be left to pick up the bill for.”

But Mr Farage said the average income tax from a non-dom was £120,000-a-year, in addition to other taxes.

Launching the policy, he said: “Many talented people are leaving, and we want as a party as many entrepreneurs, as many risk-takers, as many job creators, as many people paying lots of tax, as many people investing huge sums of money – we want as many of them as possible to be in our country.”

He added: “If we’re successful with this then over the course of a few years tens of thousands of people will come to the United Kingdom on this ticket, and if the British economy turns around from its current dismal state, they’ll keep on coming.

“And even if after lots have come, we’re going to get a trickle, not a flood. Provided they’re still paying their average £120,000-a-year income tax, provided they’re still investing the billions that they do in business, in job creation, in risk, we’ll be in a much better place than we are right now.”

He stressed that the policy was about supporting working people, and warned that while people with property and assets had grown richer since the 2008 banking crisis, people who worked hard but did not own assets felt they had been unfairly treated.

Reform UK’s Zia Yusuf, the former party chair who helped develop the policy, said he was “confident” the Britannia Card would be taken up by a large number of wealthy foreigners.

However tax expert Dan Neidle claimed the policy could cost £34 billion by slashing taxes paid by some people already living in the UK.

Labour voters slam Keir Starmer as migration chaos grows – ‘Doesn’t give a toss about us’

Labour voters believe that immigration is the biggest burden on the NHS, according to new polling. Analysis by Merlin Strategy who asked 2,000 people, immigration was the biggest factor behind the crisis in the NHS ahead of issues such as lack of social care, obesity and junk food.

The poll also found that 20% of those who voted for Labour in last year’s general election would now consider casting their ballot for Reform UK. Scarlett Maguire, the director of Merlin Strategy, said: “Labour voters are clear that they want to see action on cost of living, healthcare, and immigration. The Government needs to show that it is in tune with these priorities and that it understands what matters to their core voters.”

A Flourish chart

The research, conducted in May, found that one in four of those asked blamed immigration for the current state of the NHS, with 22% attributing it to a mental health crisis, 13% to lack of social care provisions with 12% blaming junk food and obesity.

Sir Keir Starmer has hardened his stance on immigration in recent months, warning in a landmark speech last month that the nation risks becoming an “island of strangers” as he set out his plans for how the government would end what he called “a squalid chapter for our politics, our economy, and our country.”

This is despite him stating on the record on multiple occasions as leader of the opposition that he believes that the benefits of immigration outweighed the negatives.

Maxwell Marlow, the director of public affairs at the Adam Smith Institute, which commissioned the poll, said: “It is clear that the British people have felt the impact of mass immigration on healthcare.

“Unless the Government moves quickly, urging immigrants to purchase private health care as a requirement for any visa other than tourism, then they will continue to hold the Government accountable for the very rapid deterioration in their access to healthcare.”

Last month, Starmer said that the country risks becoming “an island of strangers” (Image: Getty)

The polling comes as Reform UK continue to lead in many polls having recently won a Labour held parliamentary seat in Runcorn and Helsby following a by-election.

The seat had previously been one of the safest Labour seats in the country, with the party winning it with a majority of over 14,000 in July’s general election.

But it fell to Nigel Farage’s party following the conviction of Mike Amesbury for assault and a focus group held by Merlin Strategy in the area gives some indication as to why that might be.

One member of the focus group remarked: “I don’t think they give a toss about us.”

Of Starmer’s plans to clamp down on the sale of tobacco and vapes, another commented: “How is that really relatable to the working person?” Claiming that it was simply “just something shiny to put in the media”.