Reform has pledged to increase the tax-free personal allowance to £15,000, setting out a tax-cutting proposal that it says would be funded through major reductions in public spending.
The party says the measure would allow people to earn up to £15,000 before paying income tax. It has presented the proposal as a tax cut, with the stated funding source being a reduction in public spending of £80bn.
No further detail was provided in the supplied material on which areas of spending would be reduced, how the £80bn figure would be achieved, or over what period the savings would be made.
The announcement places tax and public spending at the centre of Reform’s policy offer. The scale of the proposed spending reduction would be a central issue in assessing how the party intends to finance the change.
The latest stated position is that Reform is promising to raise the personal allowance to £15,000, with the party saying the cost would be met by cutting public spending by £80bn.
