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UK chancellor drops wealthy-visa plan from next week's Budget

Published Last updated

Chancellor John Healey will not include a new visa route for wealthy overseas people in his Budget next week. Plans for the programme were well advanced under Sir Keir Starmer's administration, according to reports.

A small team is working in secrecy on the chancellor's statement. The visa route would have given wealthy people from overseas a new way to live in the UK.

Commentator Tim Harford has suggested reforms to UK taxes. He said the tax system is "riddled with loopholes that leak revenue, hurt growth and are simply unjust."

Key facts

Who
John Healey (Chancellor); Keir Starmer (former prime minister's administration head (Sir Keir Starmer's administration)); Tim Harford (commentator who suggests reforms to UK taxes)
What
Chancellor John Healey will not include a new visa route for wealthy overseas people in his Budget next week, although plans for such a programme were well advanced under Sir Keir Starmer's administration. The article also describes a small team working in secrecy on the chancellor's statement.
When
21 October 2026
Where
UK
Status
Reported

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