Reform promises to increase tax-free personal allowance to £15,000
Reform UK has pledged to raise the tax-free personal allowance to £15,000 if they win the next general election. The party claims this policy would save most taxpayers £500 annually and would be funded by significant public spending cuts.
Why it matters
Highlights a major economic policy proposal from a political party that could impact national fiscal strategy and household income.
Image source, PA Media Image caption, Robert Jenrick will announce the proposal on the final day of Reform UK's conference in Birmingham
Reform UK is promising to increase the tax-free personal allowance to £15,000, if it wins the next general election.
Robert Jenrick, Reform's economic spokesman, will tell the party conference in Birmingham he will introduce the tax cut within the first 100 days of becoming chancellor.
It is seen by Reform insiders as the flagship policy announcement of this conference and perhaps their biggest tax policy between now and the next general election.
Reform estimates that increasing the threshold by £2,430 would save most taxpayers £500 a year and 2.9 million people would stop paying income tax altogether.
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