Reform UK pledges £80bn in savings by 2030 through 64 measures
Reform UK has promised to make £80 billion in savings by 2030, presenting 64 measures in what it called an alternative budget. Economics spokesperson Robert Jenrick said the party would cut £40 billion in its first year in government and £80 billion by its fifth, arguing the plans would support growth and jobs as the UK’s debt passed £3 trillion.
The proposals include approving Rosebank oil field drilling, reviewing AI regulation, fast-tracking reservoirs and ending taxpayer support for the lowest-performing fifth of degree courses by economic contribution. Reform also restated plans for a permanent 5p fuel duty cut, £250 energy bill reductions, repeal of Labour’s Employment Rights Act and a £150,000 VAT threshold; Labour and the Conservatives criticised the event’s low attendance and challenged the party’s credibility.
In short
- Reform promises £80 billion in savings by 2030.
- Its plan includes energy, tax and public spending changes.
- Labour and the Conservatives questioned the party’s credibility.
Steelman: both sides, in good faith
The strongest fair case each way — we don't pick a winner.
The case for
Supporters could argue that reducing public spending and regulatory burdens would leave more room for private investment, job creation and growth, while easing pressure on households and businesses through lower fuel duties and energy bills. They may see faster energy and infrastructure projects, a higher VAT threshold and a review of low-return degree courses as ways to improve productivity and direct public resources towards stronger outcomes.
The case against
Critics could argue that the scale and timing of the promised savings are uncertain, and that deep cuts may weaken public services or remove support that benefits people and communities in ways not captured by economic returns. They may also question whether the proposed tax cuts, energy-bill reductions and regulatory changes can be delivered alongside the savings, and whether measures such as expanding oil drilling or repealing employment protections would bring wider social or environmental costs.
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Originally published by Daily Mail as “Reform vows £80billion of savings by 2030 in its ‘alternative’ budget”.