Farage Rules Out Tax Cuts Until UK Public Spending Controlled

Nigel Farage, leader of Reform UK, has announced a shift in his party's economic policy, postponing previously promised large tax cuts until public spending is under control. In a series of speeches, Farage criticized both Labour and the Conservative parties for "wrecking the public finances" and emphasized the need to reduce the deficit before implementing tax cuts aimed at stimulating growth. Reform UK had earlier pledged £90 billion in tax cuts, including raising the personal allowance to £20,000 and introducing significant tax exemptions for businesses, but the Institute for Fiscal Studies labeled these plans as unrealistic and problematic. Farage pledged to create "the most pro-business, pro-entrepreneurship government" in modern times by focusing on deregulation and leveraging Brexit freedoms to boost the economy and create well-paid jobs. Despite the policy shift, Reform UK aims to position itself as a party focused on workers and economic responsibility, contrasting itself with what it describes as broken promises from the major parties. Critics from Labour and the Conservatives have dismissed Farage's new approach as austerity and questioned the party's ability to manage the economy effectively based on its local governance record.