The Centre for a Better Britain (CFABB), a thinktank linked to Nigel Farage's Reform UK, is reportedly set to propose significant tax cuts for the wealthy. The organisation is due to publish a 200-page policy document next week, which is expected to offer insight into potential economic and financial policies for Reform UK.
According to Bloomberg, citing unnamed sources, the thinktank's proposals include abolishing inheritance tax and phasing out capital gains tax. Inheritance tax raised £8.5bn last year, while capital gains tax brought in £24bn in 2024-25 for public and government operations.
The CFABB is also anticipated to propose reducing rules and regulations for the UK's financial services sector, a move reportedly being referred to as "Big Bang 2.0". Additionally, the news outlet reported calls to break up the Treasury and transfer its economic growth responsibilities to a different department.
A spokesperson for the CFABB stated that Bloomberg's report appeared to be based on an "early draft of the report" that does not reflect the final version. They insisted that the report would contain "no unfunded tax cuts" and "no suggestions that we go pre-2008" in terms of regulatory reforms, adding that the Bloomberg story included inaccuracies without specifying which points.
The CFABB, founded by former Reform chief operations officer Jonathan Brown, has ties to Reform UK, with its operations based near the party's headquarters. The thinktank formally launched as CFABB in September last year, having previously operated as Resolute 1850.