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.
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