A thinktank linked to Nigel Farage’s Reform UK party is preparing to release a policy document reportedly advocating significant tax cuts for wealthy individuals. The Centre for a Better Britain (CFABB) is expected to publish its 200-page report next week, outlining economic and financial policies that may shape Reform UK’s platform ahead of the forthcoming general election.
According to reports citing unnamed sources, the proposals could include abolishing inheritance tax and gradually phasing out capital gains tax. These taxes are currently substantial revenue streams for the UK Treasury, with inheritance tax generating £8.5 billion in the past year and capital gains tax reaching a record £24 billion in the 2024-25 fiscal year.
The thinktank, founded by former Reform UK chief operations officer Jonathan Brown, is also anticipated to recommend deregulating the UK’s financial services sector in a manner described as “big bang 2.0,” alluding to the extensive City deregulations enacted during Margaret Thatcher’s government in the 1980s. In addition, the report reportedly calls for restructuring the Treasury, suggesting that its economic growth responsibilities be transferred to another department.
However, a spokesperson for CFABB contested the accuracy of some of these claims. They stated that Bloomberg, which first reported the tax proposals, was briefed on an early draft that did not fully reflect the content of the final publication. The spokesperson emphasized that the forthcoming report would not propose “unfunded tax cuts” nor a return to pre-2008 regulatory frameworks. They acknowledged that the Bloomberg story contained inaccuracies but declined to specify which details were incorrect.
The timing of the report’s release coincides with scrutiny over large donations to Reform UK from two cryptocurrency billionaires, Ben Delo and Christopher Harborne, who together contributed £72 million in two separate £36 million donations within a 24-hour period last weekend. These contributions have heightened concerns about the influence of significant private donors on UK political parties. Both Delo and Harborne have denied allegations that their donations were intended to secure policy influence.
CFABB operates close to Reform UK’s headquarters in Millbank Tower and was formally established under its current name in September 2025, having raised funds under the previous name Resolute 1850. The thinktank currently employs five staff members. It previously had James Orr, Reform UK’s former head of policy, as chair of its advisory board. Orr was suspended from the party earlier this month following an undercover investigation related to electoral law but denies any wrongdoing. He stepped down from CFABB when he rejoined Reform UK in February.
The forthcoming CFABB report is expected to provide greater clarity on the direction Reform UK intends to take on economic and regulatory issues in the lead-up to the next election.