The policy paper, released by the think tank, proposes that the state pension be abolished outright, arguing that the measure would free up public funds for other priorities.
It also recommends that the remuneration of the Bank of England’s senior executives be directly linked to the achievement of the 2% inflation target, with pay docked should the goal be missed. The proposal explicitly names Governor Andrew Bailey as subject to the same incentive structure.
According to the report, any tax changes required to fund these reforms would have to be offset by cuts in public spending, although it does not detail how those savings would be achieved or which programmes would be reduced.
The think tank frames the proposals as part of a broader “radical reform” of Britain’s financial system and tax code, claiming the changes would boost productivity, raise living standards, create better‑paid jobs, increase retirement incomes, and stimulate business investment.
While the document is linked to Reform UK, its authors say it has not yet been reviewed by the party. The report’s political connections are underscored by recent developments involving Nigel Farage, who left Reform UK to join the Reform party in February and was suspended earlier this month after an undercover investigation suggested he was discussing ways to circumvent UK electoral law to obtain foreign donations.