Reform UK Proposes £25 Billion Savings Plan to Avoid Tax Hikes

The UK's Reform party has proposed a new plan to save £25 billion from the national budget. The party claims this would allow Chancellor Rachel Reeves to avoid raising taxes in the upcoming Budget. Reform suggests achieving these savings through two primary measures. The party proposes ending the UK's contributions to the European Union's innovation program, Horizon Europe. It also recommends cutting the UK's foreign aid spending. These proposed changes are part of the party's broader economic strategy. Reform states that the £25 billion in savings would prevent the government from needing to increase taxes on British citizens.