Nigel Farage Abandons Tax Cuts
Nigel Farage has shelved plans for massive tax cuts, opting instead to slash public spending in an effort to balance the budget.
‘Substantial tax cuts given the dire state of debt and our finances are not realistic at this current moment’
The decision marks a shift away from the "back-of-a-fag packet" economics that characterized Reform's election manifesto last year.
- The tax burden will remain at a post-war high for at least a couple of years if Farage wins the next election.
- The Laffer Curve is unlikely to be a major topic during the election campaign.
Despite potential disappointment among Reform supporters, Farage's decision is seen as a prudent move, avoiding a repeat of the economic mistakes of Liz Truss.
Author's summary: Farage ditches tax cuts for spending cuts.