Reform UK Pledges £80 Billion Spending Cuts in 5 Years as Jenrick Courts Markets
Updated
Updated · bbc.co.uk · Sep 3
Reform UK Pledges £80 Billion Spending Cuts in 5 Years as Jenrick Courts Markets
3 articles · Updated · bbc.co.uk · Sep 3
Summary
£80 billion of cuts over five years would come mainly from welfare, with Reform UK also targeting net zero programmes, overseas aid and the civil service.
Robert Jenrick said the party wants tax cuts in its first Budget only after it "earns the trust" of markets, explicitly citing the backlash to Liz Truss's £45 billion package.
£50 billion of the savings are tied to welfare plans already under scrutiny, alongside £10 billion from net zero, £8 billion from civil service cuts and £7.1 billion from capping aid.
Jenrick said Reform would keep the pensions triple lock despite its projected £15.5 billion annual cost by 2030, while writing to gilt investors in London and New York about fiscal rules.
The package lands at Reform's Birmingham conference as the party tries to restore credibility after a turbulent summer of leadership questions, donation scrutiny and slipping momentum.