Skip to main content
Banner image for The Rt Hon Sir Oliver Dowden KCB CBE MP

The Rt Hon Sir Oliver Dowden KCB CBE MP

Member of Parliament for Hertsmere
Site logo

Main navigation

  • Home
  • About Oliver
  • News
  • Campaigns
  • About Hertsmere
  • Contact
  • Surgeries

Oliver Criticises Government's Hostile Tax Regime

  • Tweet
Tuesday, 4 March, 2025
  • Speeches in Parliament
Sir Oliver in Parliament

Sir Oliver has criticised the government's hostile tax regime. 

Following the United Kingdom seeing an exodus of entrepreneurs, business leaders and investors because of tax changes made by the government, Sir Oliver suggested implementing a scheme similar to America’s $5m ‘Gold Card’ so that these wealthy people stay in this country and contribute to the economy.

At HM Treasury Questions, Sir Oliver asked: 'Attracting high-net-worth individuals to spend more time in the United Kingdom drives jobs, growth and crucially tax revenues but unfortunately, the opposite is happening in the UK right now. Will the Chancellor use the Spring Statement to look at the Statutory Residence Test and in particular the ties rules to see whether we can incentivise people to spend more time in the UK, not the other way round.'

The Minister responded: 'Mr Speaker, as part of the reforms announced at the Autumn Budget, we are modernising the system for people from overseas spending time in the UK with the new Residence Based Test. We are always looking at ways to encourage people from overseas to spend time in the UK, to invest in the UK and help grow our economy.'  

You may also be interested in

Oliver at desk

Oliver's Column for My News - June 2026

Monday, 1 June, 2026
This is a moment of profound anxiety for the Jewish community.

Show only

  • Articles
  • Local News
  • Media
  • Newsletters
  • Reports
  • Speeches
  • Speeches in Parliament
  • Westminster News

The Rt Hon Sir Oliver Dowden KCB CBE MP Member of Parliament for Hertsmere

Footer

  • About RSS
  • Accessibility
  • Cookies
  • Privacy
  • About Hertsmere
  • About Oliver
ConservativesPromoted by Harvey Cohen on behalf of Oliver Dowden at 3 Vision House, Station Road, Borehamwood, Hertfordshire, WD6 1DE
Copyright 2026 The Rt Hon Oliver Dowden KCB CBE MP. All rights reserved.
Powered by Bluetree