A thinktank with close links to Nigel Farage's Reform UK is preparing a major policy document that is expected to propose substantial tax cuts benefiting the wealthiest taxpayers, according to a Bloomberg report. The Centre for a Better Britain (CFABB) is reportedly set to call for the abolition of inheritance tax and the phasing out of capital gains tax, moves that would strip the Treasury of significant revenue and offer insight into the economic platform Reform UK may adopt ahead of the next election. CFABB has disputed the accuracy of the report, saying it does not reflect the final version due for publication next week and insisting there will be no unfunded tax cuts.

The 200-page document is also expected to propose deregulating the financial services sector under the banner "big bang 2.0", echoing Margaret Thatcher's 1980s reforms, alongside calls to break up the Treasury. Inheritance tax raised £8.5bn last year and capital gains tax brought in a record £24bn in 2024-25. CFABB, founded by former Reform chief operations officer Jonathan Brown, operates near Reform's headquarters and previously had Reform's ex-head of policy James Orr, recently suspended over an undercover donations investigation, chairing its advisory board. The report comes as Reform faces scrutiny over £72m in donations from two crypto billionaires, fuelling concerns about wealthy donors' influence on the party.