Reform promises to increase tax-free personal allowance to £15,000

Reform UK is promising to increase the tax-free personal allowance to £15,000, if it wins the next general election.

Robert Jenrick, Reform's economic spokesman, will tell the party conference in Birmingham he will introduce the tax cut within the first 100 days of becoming chancellor.

It is seen by Reform insiders as the flagship policy announcement of this conference and perhaps their biggest tax policy between now and the next general election.

Reform estimates that increasing the threshold by £2,430 would save most taxpayers £500 a year and 2.9 million people would stop paying income tax altogether.

It says the policy would cost £17.7bn in the first year, rising to £21bn by the fifth year and could be paid for through £80bn of public spending cuts the party plans to make.

"As chancellor, I will wake each morning with one purpose. To make Britain a better place to be a worker than it was the day before," Jenrick is expected to say in his speech later on the final day of conference.

He is expected to add: "1.3 million were dragged into paying tax last year alone. Why? Because the tax-free allowance has been stuck at 12 and a half grand since 2021. And Labour has frozen it until 2031.

"That betrayal costs a full-time worker on the minimum wage more than £750 a year. And now for the first time, the freeze means they're going to be taxing the state pension. What a disgrace."