{
  "id": 7800861,
  "title": "Reform-linked thinktank ‘to call for big tax cuts for the rich’",
  "url": "https://urgent.news/2026/09/16/reform-linked-thinktank-to-call-for-big-tax-cuts-for-the-rich",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-16T13:40:59.000Z",
  "source": {
    "name": "Guardian Business",
    "slug": "guardian-business",
    "url": "https://www.theguardian.com/politics/2026/sep/16/reform-thinktank-tax-cuts-rich-centre-for-a-better-britain"
  },
  "original_language": "en",
  "account": "The Centre for a Better Britain (CFABB), a thinktank affiliated with Nigel Farage's Reform UK, is reportedly preparing an extensive policy plan that advocates for significant tax reductions for high-income earners. The 200-page document, set to be published next week, outlines economic and financial policies that may feature prominently in Reform UK's election platform. According to Bloomberg, the proposals include abolishing inheritance tax and phasing out capital gains tax, which would reduce government revenue by eliminating these sources of funding. Inheritance tax generated £8.5 billion in the previous year, while capital gains tax generated a record £24 billion in 2024-25. Additionally, CFABB is expected to propose regulatory reforms, including breaking up the Treasury and transferring economic growth responsibilities to another department, a move compared to Margaret Thatcher's deregulation efforts in the 1980s. CFABB, founded by Jonathan Brown, also plans to reduce financial services sector regulation, a strategy dubbed \"big bang 2.0\". The thinktank's spokesperson clarified to Bloomberg that the early draft circulated by the outlet did not accurately represent the final report that will be released next week. The spokesperson reiterated that the report would not contain unfunded tax cuts or radical shifts in regulatory reforms. The announcement of these prospective tax proposals coincides with Reform UK's scrutiny over recent donations of £72 million from crypto billionaires Ben Delo and Christopher Harborne, raising concerns about the influence of large donors on political policies. Harborne and Delo have denied attempting to exert undue influence over Reform UK's policies. CFABB shares a close relationship with Reform UK, operating from Millbank Tower, adjacent to the party's headquarters. Established in September last year, it was previously known as Resolute 1850, named after the ship HMS Resolute, whose wood was repurposed for the US President's desk. Former Reform UK head of policy James Orr, who is now an advisor to CFABB, previously chaired its advisory board. Orr was suspended from Reform UK this month after being involved in an undercover investigation that allegedly circumvented foreign donation laws; he denies any wrongdoing.",
  "summary": "Centre for a Better Britain will urge abolishing inheritance tax and phasing out capital gains tax, report says A thinktank linked to Nigel Farage’s Reform UK is preparing an influential policy plan that is reportedly going to call for substantial tax cuts for the rich. The Centre for a Better Britain (CFABB) is due to publish the 200-page document next week, giving insight into the economic and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}