The Guardian
· collected 2026-09-16 · by Kalyeena Makortoff Banking correspondent
A thinktank linked to Nigel Farage’s Reform UK, called the Centre for a Better Britain (CFABB), is preparing a 200-page policy document set to propose significant tax cuts for wealthy individuals in the UK. The plan includes abolishing inheritance tax and phasing out capital gains tax, which currently raise £8.5 billion and £24 billion annually respectively. Bloomberg reported that CFABB also aims to ease financial regulations, potentially described as “Big Bang 2.0,” but a spokesperson denied these claims and insisted there would be no unfunded tax cuts in the final report.
Written by the local model on 2026-09-16,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
A thinktank linked to Nigel Farage's Reform UK, called Centre for a Better Britain (CFABB), is preparing a policy plan that reportedly advocates significant tax cuts for the wealthy. The 200-page document, due to be published next week, includes proposals to abolish inheritance tax and phase out capital gains tax, which would reduce vital funding sources for the Treasury. Inheritance tax raised £8.5 billion last year, while capital gains tax brought in a record £24 billion in 2024-25. Additionally, CFABB is expected to propose deregulating financial services and restructuring the Treasury's responsibilities, mirroring Margaret Thatcher’s "Big Bang" reforms of the 1980s. These moves are seen as part of Reform UK’s platform ahead of the next election.
Written for “Tax Cuts For Wealthy Debated” on 2026-09-17,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted
verbatim and was checked against the article text before being
stored, so you can find it in the original.
-
The Centre for a Better Britain (CFABB) is due to publish the 200-page document next week, giving insight into the economic and financial policies that are likely to form part of Reform UK’s platform before the next election.
right frames tax cuts as beneficial policy
-
The thinktank proposals are said to benefit some of the UK’s wealthiest taxpayers, by abolishing inheritance tax and phasing out capital gains tax, according to Bloomberg, which cited unnamed sources.
right describes tax cuts as benefiting wealthy
-
That would mean depriving the Treasury of a lucrative source of funding. The UK’s inheritance tax raised £8.5bn last year, while capital gains tax brought in a record £24bn in 2024-25, for public and government operations.
left emphasizes loss to public funding
Leaning score +0.30 for article 13577 (high confidence, 3 verified quotes) · logged 2026-09-16
A thinktank linked to Nigel Farage’s Reform UK is preparing an influential policy plan that is reportedly going to call for substantial tax cuts for the rich.
uncertain
that → link → rich
The Centre for a Better Britain (CFABB) is due to publish the 200-page document next week, giving insight into the economic and financial policies that are likely to form part of Reform UK’s platform before the next election.
asserted
that → publish → election
The thinktank proposals are said to benefit some of the UK’s wealthiest taxpayers, by abolishing inheritance tax and phasing out capital gains tax, according to Bloomberg, which cited unnamed sources.
uncertain
which → say → sources
That would mean depriving the Treasury of a lucrative source of funding.
asserted
That → mean → funding
The UK’s inheritance tax raised £8.5bn last year, while capital gains tax brought in a record £24bn in 2024-25, for public and government operations.
asserted
tax → raise → operations
The CFABB – founded by the former Reform chief operations officer Jonathan Brown – is also expected to propose cutting rules and regulation for the UK’s financial services sector, in what is being dubbed “Big Bang 2.0”, a reference to Margaret Thatcher’s City deregulation drive in the 1980s.
asserted
what → found → 1980s
That is on top of calls to break up the Treasury and move its economic growth responsibilities to a different department, the news outlet reported.
asserted
outlet → break → department
A spokesperson for the CFABB said Bloomberg appeared to have been briefed on an “early draft of the report” that did not reflect what would be released next week.
asserted
what → say → report
They also insisted that there would be “no unfunded tax cuts” proposed in the report, and “no suggestions that we go pre-2008” in terms of regulatory reforms.
asserted
we → insist → reforms
The spokesperson said the Bloomberg story included inaccuracies, but said they would not be drawn into discussing which points were incorrect.
asserted
points → say → inaccuracies
The prospective tax proposals come as Reform UK faces questions over the motivation of two crypto billionaires – Ben Delo and Christopher Harborne – who each donated £36m to the party within 24 hours last weekend.
asserted
who → come → hours
The donations, totalling a combined £72m, amplified concerns about the influence of “mega donors” on British politics.
asserted
donations → total → politics
Harborne and Delo have both denied seeking to buy influence over the party’s policies.
asserted
Harborne → deny → policies
The CFABB has notable ties with Farage’s party, with its operations based in Millbank Tower near Reform’s headquarters.
asserted
operations → have → headquarters
It formally launched as CFABB in September last year, after raising fresh funds under its previous guise, Resolute 1850.
asserted
It → launch → guise
The original name is said to have been reference to the Royal Navy ship, HMS Resolute, whose timbers were used to make the US president’s desk in the Oval Office.
asserted
timbers → say → Office
In an interview with the Financial Times last autumn, Brown – the thinktank’s founder – said he planned to look at ways to weaken the authority of Britain’s courts and civil service, in what some said echoed “Project 2025”, the US project drawn up in the run-up to Donald Trump’s second presidency to help him deliver radical conservative policies with greater political power.
asserted
him → say → power
CFABB currently has five staff, and previously counted James Orr – Reform UK’s former head of policy – as chair of its advisory board.
asserted
CFABB → have → board
Orr was suspended from Reform UK earlier this month after being filmed in an undercover investigation appearing to help orchestrate a plot to get around electoral laws on foreign donations.
asserted
Orr → suspend → donations
Orr denies wrongdoing.
asserted
Orr → deny → wrongdoing
A spokesperson for CFABB said Orr stepped down from the thinktank role when he took a job at Reform in February, and was not replaced.
asserted
he → say → February
The Aporia
