Reform-linked thinktank proposes scrapping state pension and £75bn tax cuts

The Centre for a Better Britain (CFABB), a think-tank closely linked to Reform UK, unveiled a 183-page proposal titled "Boosting Britain" that calls for abolishing the state pension and implementing £75 bn of tax cuts. The plan would remove capital gains, inheritance, stamp duty on property and shares, digital service tax and air passenger duty, and lower corporation tax from 25 % to 15 % over eight years, effectively stripping up to half of one outlet tax code.

To replace the pension, the report proposes a means-tested safety net plus a "lifetime investment account" that gives each newborn a £1 000 starter pack and allows contributions up to 15 % of earnings. It also recommends softer rules for banks, a sliding-scale bank tax, and the creation of a new Department for Economic Growth, while warning that any tax relief must be matched by public-spending cuts. The think-tank’s funding is opaque; it operates from Millbank Tower near Reform’s headquarters and was founded by former Reform chief operations officer Jonathan Brown.

Former Reform policy head James Orr, who recently faced suspension over an alleged foreign-donation scheme, had chaired its advisory board but stepped down after taking a job at Reform. The report is timed ahead of Prime Minister Andy Burnham’s upcoming budget and is expected to shape Reform UK’s election platform.