Richard Tice pledges ‘Big Reform’ of City regulation Economics Richard Tice has called on City leaders to draw up proposals to radically cut regulation and introduce an overhaul of major financial institutions across the UK as he called for a “Big Reform” of financial services. In an echo of Margaret Thatcher’s Big Bang programme on deregulation, the Reform UK deputy leader set out the [...]
FCA’s diversity requirements go ‘far beyond remit’, report warns Economics The Financial Conduct Authority (FCA) and other public sector diversity initiatives go “far beyond” remits set by legal requirements, a report has warned, prompting Reform UK to vow to reset systems to reward “talent and merit alone”. Analysis in a paper by the Institute of Economic Affairs (IEA) has suggested that diversity policies advanced by [...]
Nigel Farage vows to make savings before tax cuts Politics Reform UK’s Nigel Farage has vowed to make sweeping spending cuts before cutting taxes for Brits while hitting out at “cretins” for imposing too much regulation in the City in comments that reflect his moves to take on economic policy head-on. Farage said the party’s next manifesto would be “fully-costed”, a statement that reflects the [...]
Andrew Bailey’s stablecoin U-turn hailed as ‘positive step’ October 1, 2025 Andrew Bailey has issued a major climb down on stablecoins after previously being accused of “killing” the country’s ambitions with “prescriptive” views. The Bank of England governor – who has been branded a “dinosaur” by Reform’s Nigel Farage for archaic views on crypto assets – has now said the UK should “reap the benefits” of [...]
Reform promise to scrap ‘insane’ Northern Powerhouse Rail September 8, 2025 Reform UK has pledged to scrap Northern Powerhouse Rail (NPR), labelling the project “insane” ahead of a major announcement by the Labour government in the coming weeks. Richard Tice, in a forward to a report by centre-right think tank Policy Exchange, told companies considering bidding for contracts to build NPR that they should “not bother” [...]
Pothole partners: JCB to be official exhibitor at Reform conference September 4, 2025 JCB will be one of the ‘official exhibitors’ at this week’s Reform Party conference, where it will showcase a pothole machine in the latest sign of tightening ties between the poll-topping party and blue-chip UK firms. The yellow-liveried manufacturer, which is owned by longstanding Tory donor Lord Bamford, will be one of the most prominent [...]
Businesses are Reform-curious on eve of Birmingham conference September 4, 2025 Nigel Farage’s poll-topping party has attracted more businesses than ever to its annual conference this week. But, writes Ali Lyon, some corporations and industry bodies are still steering clear of the party, citing its unpredictability and the conference’s unorthodox format. With his party boasting a consistent poll lead, and a general election just weeks away, [...]
Ofgem ups energy price cap August 27, 2025 The energy watchdog has announced that the energy price cap will be raised by a higher than expected two per cent between October and December. Ofgem’s decision is set to push the typical household’s energy spend up to £1,755 per year, despite a fall in wholesale energy prices. This comes following a price dip over [...]
Voters say Nigel Farage’s Reform is the ‘party of UK business’ August 5, 2025 Reform UK is now seen as the most pro-business party in Westminster, fresh polling produced for City AM has found, in one of the first major signs the public is warming to Nigel Farage’s economic policies. Political parties have long battled to present themselves as a pro-business party, with Labour’s Chancellor Rachel Reeves wooing company bosses [...]
Reform UK: Treasury should intervene on Bank interest rates decisions June 18, 2025 Reform UK has suggested the Treasury should be allowed to contribute to the Bank of England’s interest rates decision in what would represent an intervention on its independence for the first time in nearly 30 years. Deputy leader Richard Tice told The Times ministers should have greater power over the Bank’s key decisions while it [...]