黑洞社区

Nigel Farage would abolish IR35 rules, scrap net zero targets and limit immigration only to 鈥渆ssential skills鈥� such as healthcare if his Reform party wins power on 4 July.

Announcing a 鈥渃ontract鈥� with voters this afternoon in Merthyr Tydfil, South Wales, Farage unveiled a series of hardline policies aiming to win over disenchanted Tory voters.

The slim 28-page manifesto proposes sweeping tax cuts including raising the threshold for stamp duty on properties from 拢250,000 to 拢750,000, cutting corporation tax from 25% to 15% and raising the VAT threshold for businesses from 拢90,000 to 拢120,000.

The IR35 off-payroll tax rules would be scrapped, reversing current chancellor Jeremy Hunt鈥檚 decision to cancel former prime minister Liz Truss鈥� plans to scrap the rules in 2022, and anyone earning less than 拢20,000 would pay no income tax.

Reform is currently ranked third place in the BBC鈥檚 poll tracker with an estimated vote share of 15%, ahead of the Liberal Democrats on 11% and behind the Conservatives on 21% and Labour鈥檚 42%.

The tax cuts would be partly paid by raising national insurance paid by businesses to 20% for foreign workers from the current 13.8%, except for those working in healthcare and care workers and for businesses which employ five people or less.

Reform said this could raise 拢20bn over five years, which would be used to pay for apprenticeships and training for British people.

The party also claims it could find 拢50bn a year by cutting government waste, save 拢6bn by more than halving the foreign aid budget and raise 拢35bn by stopping interest payments on some Bank of England bonds.

But the biggest revenue raiser would be the abolition of net zero targets and green energy subsidies, which the party said would save 拢30bn a year and save households 拢500 in annual bills.

The proposals were strongly criticised by UK Green 黑洞社区 Council head of policy Louise Hutchins, who said 鈥渟crapping climate action isn鈥檛 a cost saver鈥�.

鈥淚t would pull the rug out from communities and businesses across the country for whom this is their best hope for an injection of investment to revive their hollowed out high streets, public buildings and public spaces and to protect them from the misery of flooding,鈥� she said.

Hutchins argued that cutting net zero targets would 鈥渒eep us hooked on sky-high gas prices鈥�, adding that Reform 鈥渙ffers no hope to the millions stuck in cold damp homes in desperate need of insulation - which is a sure-fire method to bring down bills鈥�.

But the party鈥檚 proposal to scrap IR35 was welcomed by Dave Chaplin, chief executive of Contractor Calculator, who said Reform鈥檚 policies 鈥渕ake a refreshing change鈥�.

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>>See also: Labour criticised over omission of 40% affordable housing target from manifesto

>>See also: Industry reacts to Conservative Party鈥檚 鈥榰nbalanced鈥� and 鈥榝rustrating鈥� manifesto

鈥淥ver the years Parliament has increasingly attracted career politicians resulting in Government suffering from a dearth of experienced business people who truly understand what is happening on the ground,鈥� Chaplin said. 

鈥淭he lack of firsthand experience may go some way to explaining why the Conservatives enacted the most damaging policies to small business and the self-employed in a decade in the shape of the off-payroll working rules - simply because they were out of touch.鈥� 

The document also includes policies shared with the other main parties, including prioritising development on brownfield land and fast-tracking nuclear projects such as small modular reactors.