𝓤𝓷𝓲𝓽𝓮𝓭 𝓝𝓮𝔀𝓼

Robert Jenrick has assured entrepreneurs that Reform UK is on their side at packed events ahead as their annual conference kicks off in Birmingham.

It comes as he announced plans to free up billions of pounds in the budget for vital projects should the party sweep to power at the next election.

Mr Jenrick, who serves as the party’s Shadow Chancellor, announced that as Chancellor he would clear out £70billion from the welfare bill and other departmental spending.

They’ll also seek to reassure bond markets – which currently hold hundreds of billions in government debt – to bring down interest rates and save a further £30billion.

That windfall will be used to fund relief for hard working British taxpayers and entrepreneurs, with Mr Jenrick having already declared he would end the “jobs tax”.

“We are the party for entrepreneurs and workers,” Mr Jenrick told attendees as he reaffirmed his support for removing the increase to national insurance contributions brought in by Rachel Reeves.

Mr Jenrick also intends to bring down other taxes, such as the VAT threshold for sole traders in what Reform UK believe would bring much needed relief to workers.

“If Burnham won’t cut wasteful spending, a Reform government will,” the Reform Shadow Chancellor wrote online.

He added: “Lowering borrowing costs to France’s levels would save taxpayers roughly £30 billion A YEAR in debt interest payments.”

Mr Jenrick is expected to use his conference speech on Saturday to announce which other taxes he would take a swing at.

It has been reported that he could be considering an increase to the personal allowance, the level at which people are paying income tax.

The party will spend the next few days in Birmingham as senior MPs lay out what they would do in the first 100 days of a Reform Government.

Reform UK also believes that forcing those out of work for 12 months or more should have to work for the benefits, with the cost savings passed to British households.

Mr Jenrick told the Daily Telegraph: “You might be living next door to someone living on benefits whose curtains are closed, maybe has a Motability car on the drive and has Just Eat bringing a takeaway to them.

That can’t be right and, under Reform, there will be no more something for nothing.”