US EditionNigel Farage's 'fantasy' policies will lead to Liz Truss-style economic meltdown, Sir Keir Starmer to warn
- On 27 May 2025, Nigel Farage, leader of Reform UK, announced his party's five-year tax and spending plans at a London press conference.
- Farage proposed raising the income tax personal allowance from £12,570 to £20,000 and scrapping net zero projects to fund these policies.
- The party also pledged to abolish the two-child benefit cap, restore winter fuel payments, and introduce a transferable marriage tax allowance targeting Labour voters.
- The Institute for Fiscal Studies estimated the tax allowance plan could cost between £50 and £80 billion annually, while Farage claimed net zero costs exceed £40 billion yearly and could save £225 billion by scrapping projects.
- Opponents, including Sir Keir Starmer and the Shadow Chancellor, warned Farage's proposals resemble Liz Truss’s unfunded tax cuts and could trigger a similar economic meltdown.
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Associated Press News+3 Reposted by 3other sources
UK's Starmer takes aim at Nigel Farage as the Trump ally becomes a growing rival
British Prime Minister Keir Starmer has criticized political rival Nigel Farage, saying the hard-right politician would trash the U.K. economy through reckless spending.
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Leaning Left14Leaning Right8Center3Last UpdatedBias Distribution56% Left
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R 32%
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