FARAGE ABANDONS PLANS FOR TAX CUTS – Reform UK leader says focus must shift to fixing the economy before lowering rates
Nigel Farage has abandoned plans for tax cuts from the previous Reform UK manifesto, declaring that “substantial tax cuts given the dire state of debt and our finances are not realistic at this current moment”.
He argued the priority should be rebuilding growth and controlling inflation first. Farage’s reversal marks a significant shift from his populist economic promises last year. The Reform leader said the party would still immediately abolish inheritance tax on family farms and family-run businesses.
He also expressed the ambition to raise income tax thresholds, and said it was an “aspiration” to raise the income tax starting rate to £20,000.
Mr Farage reiterated his party’s plans to abolish all net zero subsidies and “get rid of the insane North Sea taxes”.
Party insiders say the decision reflects pressure from advisers warning of Fiscal risks.
Opponents accused him of backtracking under scrutiny over spending plans.
Farage insisted the move showed “realism, not retreat,” pledging cuts only once recovery takes hold.
