A future Reform government could promise lower taxes for workers, homeowners and families passing on wealth.
The party has repeatedly backed lower taxes, with its latest promise being to scrap VAT on energy bills.
Other previous proposals including raising the threshold at which people start paying income tax to £20,000, increasing the higher-rate threshold – at which people start paying 40 per cent income tax – to £70,000 and cutting inheritance tax (IHT).
Shorts
But experts warn the bigger question is whether those cuts could be delivered without triggering higher borrowing costs – and economic instability – or significant spending cuts in other areas.
