Reform UK Chair Dismisses Worries About Cost of Tax, Spend Plans

The chair of Reform UK dismissed concerns that its plans to cut taxes and increase welfare benefits would rattle the bond market, casting the moves as part of a broader plan to “modernize the economy and get it growing again.”

In interviews with Bloomberg TV and radio on Friday, Zia Yusuf said the costs would be covered by the reduced spending that would come from scrapping the net-zero emissions target, eliminating housing for asylum seekers, and broader budget cuts. His party is also throwing its support behind the crypto industry, which he said will help London’s finance industry retain its edge.