Reform’s ‘Shadow Business, Trade & Energy Secretary’ Richard Tice is in Birmingham to outline his plans for the business and energy sectors, including establishing a British Sovereign Wealth Fund and a “Great Repeal Bill”. Watch live below…
Tice pledges to:
Establish a British Sovereign Wealth Fund: Transform the Local Government Pension Scheme into a single British Sovereign Wealth Fund of up to £575 billion, will be in the top 8 largest funds in the world and own primarily listed shares in the UK and overseas.
Introduce a “Great Repeal Bill” to ditch Labour’s new promotions for renters and employment rights, as well as scrapping net zero policies.
Overhaul housing and planning.
Explore giving trusted planning partners, approved retailers and house builders more trust and latitude, but subject to tougher fines if they breach the government’s trust.
Cut waste by refusing to spend vast sums on pointless projects.
A Reform UK-led trade policy will focus on strategic national industries, such as steel, oil, gas and defence, to ensure resilience and prevent vulnerability at times of stress.
Class sectors such as automotive as “seismic industries”. Calls for heavy tariffs and tight quotas to be imposed on Chinese cars.
Sharply increasing the production of our own oil and gas.
