Thinktank linked to Reform UK calls for abolition of state pension

A thinktank linked to the Reform UK party has released a report calling for the abolition of the state pension, which would affect millions of people in the UK. This proposal is part of a broader set of radical ideas, including the abolition of inheritance and capital gains taxes. The report's suggestions are likely to influence the party's platform for the next election, which could have significant implications for the UK's social and economic policies.

Why it matters

The proposed tax changes could boost economic growth, but the impact on the state pension is uncertain. The thinktank's report may influence Reform UK's platform, but its effects on the broader market are unclear.

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