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Richard Tice is set to unveil Reform UK’s proposals for a new “super department” encompassing business, trade, energy, and housing, during a speech on Tuesday.
This initiative follows his recent appointment by Nigel Farage as the party’s business, trade, and energy spokesperson.
The proposed governmental body would aim to boost economic growth to 4 per cent.
Mr Tice will also detail plans to abolish what he terms “daft regulations,” including current net zero commitments, should Reform UK be voted into government.
He will say: “This new Great Office of State covering Business, Trade & Energy – including housing – will be a joined up, comprehensive department including the British Sovereign Fund.
“Speed and action will be the order of the day. It will be a first for the UK and is the sort of coordinated, strategic, long term structure that has served other entrepreneurial high growth nations so well.”
Mr Tice will set out plans to overhaul housing and planning and cut waste on “pointless projects” as well as ditching current government policies including its zero emission vehicle (Zev) mandate and flagship strengthening of employment rights.
“Let’s have a Great Repeal Bill that ditches daft regulations: scrap net zero, scrap Zev mandates, scrap new employment rights rules, scrap new property rental rules – all well intentioned but kill jobs, hinder growth, investment and prosperity.
“This will all help lower inflation and bring down bills for consumers,” he will say.
Instead, Reform UK would increase domestic oil and gas production and maximise the UK’s “energy treasure” both on and offshore.
Mr Tice will also call for heavy tariffs and tight quotas on Chinese cars as he pledges to class the automotive sector and certain others as “seismic industries” under a Reform UK trade policy.
He will speak of plans to create a new British sovereign wealth fund to back British companies and buy British products, comparing it to similar funds in Norway and Singapore.
