From the Guardian · · 1m 30s
Reform-linked thinktank plans big tax cuts for the rich
A thinktank close to Nigel Farage is preparing proposals to abolish inheritance tax and phase out capital gains tax.
In brief
A thinktank close to Nigel Farage is preparing proposals to abolish inheritance tax and phase out capital gains tax. The Centre for a Better Britain's upcoming policy plan would eliminate two major sources of government revenue while benefiting wealthy taxpayers, raising questions about the influence of mega-donors on…
Reform thinktank plans major tax cuts
The Centre for a Better Britain, linked to Nigel Farage's Reform UK, is preparing a 200-page policy document calling for abolishing inheritance tax and phasing out capital gains tax.
Massive revenue loss for the Treasury
Abolishing these taxes would cost the government £8.5bn from inheritance tax and £24bn from capital gains tax annually, depriving public services of crucial funding.
Financial deregulation on the agenda
The thinktank also plans to propose cutting rules for the UK's financial services sector, calling it 'big bang 2.0' after Margaret Thatcher's 1980s City deregulation.
Thinktank denies leaked details
A CFABB spokesperson said Bloomberg reported on an early draft and insisted there would be 'no unfunded tax cuts' and no pre-2008 regulatory rollbacks in the final report.
“no unfunded tax cuts”
Mega-donor concerns shadow the party
Two crypto billionaires, Ben Delo and Christopher Harborne, each donated £36m to Reform UK within 24 hours, totalling £72m and raising questions about wealthy donors' influence on policy.
Thinktank founder eyes radical reforms
Jonathan Brown, CFABB's founder and former Reform chief operations officer, has discussed weakening Britain's courts and civil service, drawing comparisons to Trump's Project 2025.
Here's the gist
The Centre for a Better Britain's upcoming policy plan would eliminate two major sources of government revenue while benefiting wealthy taxpayers, raising questions about the influence of mega-donors on Reform UK's platform.
