Dame Andrea Jenkyns supports tax changes to stop UK millionaire exodus

In a recent interview, Dame Andrea Jenkyns expressed her support for Reform UK's proposal regarding a one-off fee for non-domiciled residents in the UK. Although she identifies as a supporter of Thatcherite ideals, Jenkyns highlighted the necessity of examining the specific details of the policy. She suggested that this measure could help reverse the trend of wealthy individuals leaving the country due to unfavorable tax policies implemented under the Labour government. Jenkyns indicated that this scheme could potentially resonate with voters in traditional Labour constituencies, as it promises to redistribute wealth from affluent non-doms to lower-income earners. This redistribution aligns with her belief that British citizens should come first in political priorities. Furthermore, Jenkyns advocated for the complete abolition of inheritance tax, advocating for a dual approach that would appeal to both wealthy individuals and the working class. She contended that the financial contributions from non-doms could alleviate the financial burdens on less fortunate citizens and suggested this proposition as a reasonable route given the current economic challenges. Jenkyns' remarks highlight the ongoing discourse surrounding taxation policy in the UK and reflect a broader concern regarding economic migration and the retention of high-net-worth individuals within the nation, particularly in the context of political shifts and economic policy changes over recent years. As the Reform UK party gains traction, Jenkyns' position illustrates a strategic maneuver to secure support across the political spectrum by addressing economic inequality effectively while still appealing to traditional conservative values.