Think tank linked to Reform UK calls for abolition of state pension
The report also advocates for abolishing inheritance tax and capital gains tax and slashing corporation tax
The Centre for a Better Britain, a think tank linked to Reform UK, has released a new report which calls for the state pension to be scrapped and for several key taxes to be abolished.
The think tank has said that the state pension, which everyone receives as long as they have paid national insurance contributions, should be replaced with an income and asset-based system.
This means people’s retirement income would come more from their savings than from government support.
The CFABB, formerly known as Resolute 1850, was founded by Jonathan Brown, the former chief operating officer of Reform UK.
The paper also calls for the Local Government Pension Scheme, which guarantees a secure retirement income for public sector workers based on their income and years of service, to be closed to all new entrants.
Alongside its pension proposals, Centre for a Better Britain (CFABB) also advocates for several tax-cutting measures that would disproportionately benefit those with wealth contained in assets.
The report calls for the abolition of inheritance tax and capital gains tax, the tax paid when an asset is sold.
The Office for Budget Responsibility projects that revenues from inheritance tax will climb to nearly £11.7 billion by 2027-28.
Capital gains tax receipts generated over £22 billion for the public purse in 2025/26.
CFABB also calls for corporation tax to be slashed from 25% to 15%. The report claims that the tax rate makes Britain “uncompetitive”. However, the UK’s corporation tax rate is comparable with corporate tax rates in other Western European economies including France and Germany.
Reform has pledged to end the generous defined benefit pension schemes currently available to public sector workers for all new entrants if it wins power.
The party has said it would replace the Local Government Pension Scheme with a defined contribution scheme after 2030.
In their 2024 manifesto, Reform said it would raise the inheritance tax threshold to £2 million and reduce corporation tax to 15% as part of a raft of £90 billion in tax cuts.
In November last year, Reform U-turned on the tax cut proposals, stating that the “substantial tax cuts” were “not realistic” citing “the dire state of debt and our finances” in the UK.
Olivia Barber is a reporter at Left Foot Forward
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