Nigel Farage chose a run-down Welsh town for the launch of Reform UK's manifesto. He said Merthyr Tydfil symbolised a country that was "broken".

In the headlines. Reform wants to freeze "non-essential" immigration and take Britain out of the European Convention on Human Rights. It would abandon the net zeroWhen the gases going into the atmosphere are balanced by those being taken out of it. target.

Economy. No income tax for people earning less than £20,000 a year. £40bn to be saved by reducing the interest paid on Bank of England reserves. Foreign aid to be cut by 50%.

Education. Tax breaks for parents to choose independent schools. Troublesome students to be permanently excluded. No interest on student loans.

Immigration. Illegal immigrants to be deported. Those coming in small boats "to be picked up and taken back to France. Higher national insuranceIn the UK, a tax on money you earn, either from your job or by being self-employed. for foreign workers and less social housingHomes available to rent through local authorities or housing associations.. Stricter visaAn official document permitting someone to legally enter and stay in a country. rules for international students.

Health and social care. Reduce taxes for NHS and social care workers. Cut waiting times and encourage private health care. Fines for patients who fail to turn up for appointments.

Society. A referendum on proportional representation. The House of Lords to be replaced. The Civil Service to be headed by political appointeesPeople chosen to do a job by ruling politicians.. Police to pursue mass stop-and-search policies. Tax benefits for businesses which take on apprentices. Benefits withdrawn from people who do not accept a job after two offers.

According to the deputy head of the Institute for Fiscal StudiesAn independent economic research organisation., Carl Emmerson,¹ the proposed tax cuts would cost "tens of billions of pounds a year" more than Reform admits. Cuts in spending would save less than it claims.

But The Economist believes that Reform does have real hope of persuading large numbers of Tories to defect: "Plenty of Conservative MPs, though by no means all, agree with every letter of that agenda."

Do you agree?

Yes: However sympathetic you feel towards asylum-seekers and would-be migrants, Britain has limited resources and should have control of its borders. Scrapping interest on student loans is a great idea.

No: Reform's disregard for human rights and the environment is shocking. Its immigration policies are designed to appeal to racists. It has no grasp of economics. Cutting foreign aid is short-sighted.

Or... What Farage really wants is to become leader of the Conservatives. If Reform get a respectable share of the vote, right-wing Tories will see him as a winner and welcome him into their party.