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CHANCELLOR RACHEL REEVES IS BEING CALLED TO INTRODUCE POLICIES FLOATED BY REFORM UK LEADER NIGEL FARAGE MP. 10:40, 30 May 2025 HMRC could tweak a policy to save UK households £4,000 - if the

Labour Party governemnt bows to demands and adopts a Reform UK stance. Chancellor Rachel Reeves is being called to introduce policies floated by Reform UK leader Nigel Farage MP. Mr Farage

suggested a fully transferable marriage allowance should be introduced to the tax system which would allow one spouse to transfer their unused personal tax allowance to the other. Current

rules mean households with two earners are losing almost £4,000 in hard-earned cash to the tax man compared to single-earners. Daniel Herring, a tax and fiscal researcher at CPS, said:

"Families often function as integrated economic units, pooling resources and making collective decisions about earning, spending and caring responsibilities. READ MORE LLOYDS BANK

BRINGS IN BIG CHANGE AND ANYONE WHO IS IN A 'COUPLE' WILL BENEFIT "The tax system should reflect this reality rather than treating each individual in isolation, as if family

financial decisions happen in separate bubbles. In terms of fairness and moving the tax system towards neutrality, Reform’s proposals are excellent policy." Article continues below

While Farage promised up to £80bn worth of new spending – including scrapping the two-child benefit cap and increasing winter fuel payments – he did not explain exactly how they could be

paid for. Helen Miller, the deputy director of the Institute for Fiscal Studies, said: “The risk is that we hear much more about sizeable giveaways on tax and benefits while getting nothing

like the same amount of specificity about the big cuts to spending on public services that would be needed for the plan to be implementable.” Tim Montgomerie, a political commentator and

Reform supporter, told the BBC : “I wouldn’t say the numbers do add up yet, I readily concede that.” He said it was too far away from the election to demand the party deliver a fully costed

policy platform. Article continues below Farage himself admitted his sums might not add up, but insisted they gave “an idea of direction, policy, of priorities, of what we think is

important, of what we think it is going to cost”. “We believe lifting the two-child cap is the best thing to do, not because we support a benefits culture but because we believe for

lower-paid workers this actually makes having children just a little bit easier for them,” he said. “I think it’s ludicrous, absolutely ludicrous, that we can allow abortion up to 24 weeks,

and yet, if a child is born prematurely at 22 weeks, your local hospital will move heaven and earth and probably succeed in that child surviving and going on and living a normal life,” he

said.