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Reform UK pledges to raise personal tax allowance to £15,000

The party aims to fund the tax reduction through £80bn in proposed public spending cuts.

Updated Sep 5, 2026 · 06:18 UTC1 reports

The short version

  • Reform UK announced an election pledge to increase the tax-free personal allowance threshold to £15,000 within 100 days of taking office.[BBC News]
  • The party estimates the change would save most taxpayers £500 annually and lift 2.9 million people out of paying income tax altogether.[BBC News]
  • Reform projects the measure will cost £17.7bn in its initial year, to be financed through £80bn in broad public spending reductions.[BBC News]

Key facts

  • Reform UK pledged to increase the tax-free personal allowance to £15,000 if it forms the next government.[BBC News]
  • Economic spokesman Robert Jenrick plans to implement the policy within the first 100 days as chancellor.[BBC News]
  • Reform projects the tax cut will cost £17.7bn in the first year and increase to £21bn by year five.[BBC News]
  • The party plans to fund the threshold increase through £80bn in public spending cuts, including £50bn from welfare while protecting the state pension.[BBC News]

What remains uncertain

  • The viability and economic impact of Reform UK's proposed £80bn in public spending reductions remain unverified.[BBC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.