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How much revenue will the employer immigration tax generate by the end of 2025?
4
Resolution / Starting Odds
Less than £10 billion • 33%
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UK government financial reports
Story
Reform UK Announces Employer Immigration Tax to Raise £20 Billion Over One Electoral Cycle
May 30, 2024, 11:11 AM
Reform UK leader Richard Tice has announced a new 'employer immigration tax' policy aimed at addressing what he describes as the UK's 'addiction' to cheap overseas labour. The policy is intended to discourage businesses from employing low-skilled foreign workers by imposing a tax on employers who hire non-British passport holders. Tice argues that the high supply of labour is depressing wages, particularly affecting young British people entering the workforce. He claims the tax would raise over £20 billion over one electoral cycle and push for the recruitment of British workers. The announcement was made ahead of the upcoming election, with Tice and Nigel Farage presenting the policy as a key part of Reform UK's platform.
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