A thinktank associated with the Reform UK party has published a wide-ranging report that calls for the abolition of the state pension and roughly £75 billion of tax reductions.
The Centre for a Better Britain (CFABB) sets out a suite of proposals it describes as "radical", including eliminating inheritance tax and capital gains tax, loosening regulatory requirements for UK banks, and creating Trump-style investment accounts that would provide £1,000 for each newborn child.
The report is due to be formally launched at a private event with City executives on Wednesday. Organisers have positioned the document as a blueprint for significant economic and welfare reform, and it is expected to feature prominently in policy discussions as Reform UK prepares for the next general election.
Analysts say the thinktank's recommendations could influence the party's platform, though they represent a substantial departure from current government policy and the existing social security framework. The proposals would require major legislative change and would likely prompt debate among politicians, economists and consumer groups about the fiscal and social consequences.
CFABB describes itself as focused on promoting market-oriented reforms; the report's authors argue the measures would stimulate investment and simplify the tax system. Critics, however, are likely to highlight the potential impacts on pensioners and public finances if the state pension were removed and sizeable tax revenues eliminated.
Reform UK has previously advocated for significant changes to taxation and welfare, and the new report appears designed to crystallise those ideas into a coherent set of policy options for voters and party strategists ahead of the next election cycle.