Workers would keep more of their overtime pay, small firms would get breathing room to grow and British industry would benefit from cheaper energy under Reform’s Economic Rescue Plan.
Unveiling 64 proposals today, Reform UK Shadow Chancellor Robert Jenrick challenged Andy Burnham’s government to adopt the package as an alternative Budget.
“So here is what Reform would do at that despatch box on Wednesday”, he said. “Every number checked, every measure costed. The most detailed Budget any opposition has ever put before the country.”
Addressing Chancellor John Healey directly, he added: “If you’re watching, you’re welcome to borrow it.”
Among the flagship measures is a pledge to scrap income tax on overtime for people earning under £75,000 – allowing workers who put in extra hours to keep more of what they earn.
Jenrick said a worker in the North East doing six additional hours a week would take home £700 more a year.
“His money. He earns it. He keeps it under a Reform government”, he declared.
Unveiling 64 proposals today, Reform UK Shadow Chancellor Robert Jenrick challenged Andy Burnham’s government to adopt the package as an alternative Budget.
“So here is what Reform would do at that despatch box on Wednesday”, he said. “Every number checked, every measure costed. The most detailed Budget any opposition has ever put before the country.”
Addressing Chancellor John Healey directly, he added: “If you’re watching, you’re welcome to borrow it.”
Among the flagship measures is a pledge to scrap income tax on overtime for people earning under £75,000 – allowing workers who put in extra hours to keep more of what they earn.
Jenrick said a worker in the North East doing six additional hours a week would take home £700 more a year.
“His money. He earns it. He keeps it under a Reform government”, he declared.
Reform UK leader Nigel Farage said the policy would send “a big, strong message” about whose side the party was on.
“We very much are a party for working people”, Farage said. “The harder you work, the more you earn, you will not get penalised excessively by the government.”
Farage also singled out plans to raise the VAT registration threshold to £150,000, giving smaller businesses more room to increase their turnover before having to register.
He contrasted that ambition with Jeremy Hunt’s decision as Chancellor to raise the threshold by what he called “a derisory £5,000”.
For Jenrick, helping those businesses expand is essential to creating better-paid work.
“Most of those jobs, they come from small firms. So we at Reform will get right out of the way”, he said.
“We very much are a party for working people”, Farage said. “The harder you work, the more you earn, you will not get penalised excessively by the government.”
Farage also singled out plans to raise the VAT registration threshold to £150,000, giving smaller businesses more room to increase their turnover before having to register.
He contrasted that ambition with Jeremy Hunt’s decision as Chancellor to raise the threshold by what he called “a derisory £5,000”.
For Jenrick, helping those businesses expand is essential to creating better-paid work.
“Most of those jobs, they come from small firms. So we at Reform will get right out of the way”, he said.
Britain is broke, but Britain isn’t beaten
Alongside the VAT proposal, he promised to scrap GDPR and bin rules dictating where cafés can put their tables – examples of the everyday restrictions Reform wants to remove.
But businesses also need affordable power. Jenrick warned that a British factory pays almost twice as much for electricity as a French competitor.
“That’s why the chemical industry is a third smaller”, he said. “Why steel, ceramics, glass, cars – they’re all on their last legs right now.”
Reform would approve Rosebank, restart North Sea licensing and scrap the oil and gas windfall tax, which Jenrick accused of “driving the rigs to Norway”.
He also pledged a different approach to nuclear construction: “We build nuclear the way the French and the Koreans do – safe, but fast and cheap.”
These are just a handful of the 64 growth proposals unveiled as part of Reform’s Economic Rescue Plan.
“Rule one in economics: you have to grow your way to prosperity,” Jenrick said. “Hope is not a growth strategy.”
“Britain is broke, but Britain isn’t beaten,” Jenrick declared. “Britain needs Reform.”
But businesses also need affordable power. Jenrick warned that a British factory pays almost twice as much for electricity as a French competitor.
“That’s why the chemical industry is a third smaller”, he said. “Why steel, ceramics, glass, cars – they’re all on their last legs right now.”
Reform would approve Rosebank, restart North Sea licensing and scrap the oil and gas windfall tax, which Jenrick accused of “driving the rigs to Norway”.
He also pledged a different approach to nuclear construction: “We build nuclear the way the French and the Koreans do – safe, but fast and cheap.”
These are just a handful of the 64 growth proposals unveiled as part of Reform’s Economic Rescue Plan.
“Rule one in economics: you have to grow your way to prosperity,” Jenrick said. “Hope is not a growth strategy.”
“Britain is broke, but Britain isn’t beaten,” Jenrick declared. “Britain needs Reform.”
