Reform-linked thinktank proposes ending UK state pension and major tax cuts
The Centre for a Better Britain, a thinktank linked to Reform UK, has proposed abolishing the state pension alongside £75bn in tax cuts. Its report also calls for ending inheritance and capital gains taxes, easing rules for banks and creating investment accounts for newborns, The Guardian reported.
A thinktank linked to Reform UK has called for the abolition of the UK state pension and a package of tax cuts worth £75bn, The Guardian reported. The proposals appear in a report by the Centre for a Better Britain, which the newspaper described as “radical”. The report also advocates abolishing inheritance tax and capital gains tax.
Other recommendations include weaker rules for UK banks and investment accounts modelled on those associated with Donald Trump, with £1,000 provided to newborns. The report is expected to influence Reform UK’s platform for the next election, according to The Guardian. The document was due to be formally launched at a private event with City executives on Wednesday.
The supplied material does not say whether Reform UK has formally adopted any of the proposals or explain how the suggested tax reductions would be funded. It also provides no details about the proposed replacement for the state pension, the eligibility rules for the newborn accounts or the specific banking regulations the thinktank wants changed. The report’s recommendations therefore represent the position described in the source, not a confirmed government policy.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.