Reform UK today said it could cut £350 from annual council tax bills by shaking up local authority pension rules.
Deputy leader Richard Tice used a press conference this morning to unveil plans to improve the performance of pension funds, claiming it is costing taxpayers up to £10billion a year.
He said that Reform's analysis of 13 councils' pension funds found they controlled around £66billion, pointing out that this was more than the UK's defence budget in the same period, which was £53.9billion.
He and the party's waste chief, Zia Yusuf, argue that environmental, social, and governance (ESG) goals have reduced returns and should be removed.
Under-performing fund managers would also be sacked as schemes are told to prioritise maximising returns and investing in local projects like housing.
