Reform UK today said it could cut £350 from annual council tax bills by shaking up local authority pension rules.
The Party’s deputy leader Richard Tice plans to “slash council tax bills” by overhauling council-controlled pension funds.
He said “more is spent on pensions in our 13 councils than is spent on defence”.
Mr Tice told the press conference that money was being poured into climate-related investment funds that were not producing returns, saying: “This is a meaningful cause of under-performance – not the only cause but a meaningful one … we are absolutely determined to stop the rip-off.”
On 1 May 2025, local elections were held in 23 of England’s councils. Reform UK won the largest number of seats with 677, amounting to 41% of all seats up for election.
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