Robert Jenrick to announce £40bn of spending cuts in Reform's alternative Budget
Robert Jenrick will unveil his alternative Budget setting out Reform's tax and spend plans
TL;DR
- Reform UK to unveil £40 billion in spending cuts in an alternative Budget.
- Proposed cuts include £20bn from welfare, £8bn from Net Zero, £6bn from foreign aid, £2bn from QUANGOs/civil service, and £3bn from student loans.
- A £1bn increase from the immigration health surcharge is also planned.
- The savings will fund tax cuts, including raising the tax-free personal allowance to £15,000, which Reform claims will benefit average households by £1,000.
- Additional measures include £250 off energy bills and £50 saved by scrapping a fuel duty rise.
- The party asserts that Britain is broke, with national debt exceeding £3 trillion and high borrowing costs.
- Reform criticizes current government policy for high taxes and increasing living costs.
- Specific savings include ending benefits for foreign nationals after one year of unemployment, cutting heat pump/electric car grants and Great British Energy, and capping foreign aid at £1 billion.
- The plan aims to put British workers first.