Reform-linked think tank calls for sweeping City deregulation and tax cuts
A Reform UK-linked think tank has called for sweeping tax cuts for investors and an overhaul of regulation in a report that was described by Richard Tice and Robert Jenrick as a “serious contribution” to the UK’s growth debate. The Centre for a Better Britain has called for the abolition of capital gains taxes and [...]
A Reform UK-aligned think tank has proposed significant deregulation and tax cuts to boost the UK's economy, according to a new report. The Centre for a Better Britain (CABB) suggests abolishing capital gains taxes and reducing national insurance contributions, arguing these measures are "essential for stronger growth." The report, which includes input from numerous City investors and economists, argues that capital gains tax is one of Britain's "most destructive taxes" and contends that maintaining it hampers productivity growth.
The think tank also recommends an eight-year transition period to gradually lower corporation tax from 25% to 15%. While specific figures for the proposed tax cuts are not provided, the report asserts that tax reform must be part of a broader effort to shrink the state. Reform UK's deputy leader, Richard Tice, and economic spokesman Robert Jenrick commended the think tank for offering insights on "how to get our economy growing faster," stating they will review the recommendations carefully.
Over 150 policy suggestions are contained within the report, with more than 30 highlighted in a summary.
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