Nigel Farage’s Reform policies ‘fantasy’ economics

In United Kingdom
May 29, 2025

Prime Minister Sir Keir Starmer accused Nigel Farage of the economy of “fantasy” after the leader of the United Kingdom reform established a series of policies earlier this week.

In a speech, Sir Keir compared Farage with former Prime Minister Liz Truss and said the reform policies would lead to an increase in mortgage costs.

The reform achieved great profits in the local English elections earlier this month, consolidating it as a main challenge for the traditional main festivities of Great Britain.

A spokesman for the reform dismissed Prime Minister’s comments as a “desperate attack” of a party “behind in the polls.”

Speaking in a business in the northwest of England, Sir Keir accused the leader of the reform of promising non -financed tax cuts that, he warned, could trigger and collapse economically.

“In opposition we said [Liz Truss] He would cook the economy and leave you to collect the bill, “he said.” We were right. And we were chosen to fix that disaster.

“Now in the government, we are once fighting against the same fantasy, this time from Farage.”

He said that Farage was “exactly the same” as the armor “, which can spend tens of billions in tax cuts without a clean way of paying it.”

Sir Keir accused Farage of “using his family’s finances, his mortgage, his invoices as a game chip in his crazy experiment,” he added: “The result will be the same.”

The mini Truss budget in 2022, which includes £ 45 billion or tax cuts financed by loans, caused agitation in financial markets and contributed to the increase in mortgage rates.

Thursday’s speech is additional evidence that at this time the prime minister sees Farage as his main political adversary.

On Tuesday, Farage promised more generous tax exemptions for married couples and to restore winter fuel payments for all pensioners.

Hello, he also said that the reform discarded the benefits limit of two shild, which some job parliamentarians want to see abolished. The limit prevents most families from claiming benefits proven by the media for any third or additional of children born after April 2017.

However, it was an existing commitment to raise the threshold in which some begin to pay the income tax of £ 12,570 to £ 20,000 in particular that made some economists question if their sums joined.

The thought of the Institute of Fiscal Studies said that the policy could cost between £ 50 billion and £ 80 billion a year, and that reform had not explained how they would pay the payment for this.

“Or the course still does not have to do that, we are not in the general elections,” said IFS Stuart Adam economist. “But at some point, if they are going to be a government party, they would have to invent that number.”

The reform has said that its policies would be financed by discarding the net climate measures of zero, stopping the form formation of the hotel for asylum seekers, ending the initiatives of diversity and equality in the public sector, and reducing the number of quangs: the bodies are bodies that are awarded bodies of the alliance of the bodies. Byeed.

In Farage’s speech, the former UKIP leader said that conservatives become an “irrelevance”, adding: “They have had about 200 years.”

May’s elections saw that the reform achieved great profits at the expense of labor and mayor careers won by conservatives and two mayor’s careers, as well as earnings winning new councilors.

The game won most of the votes, most seats and general control or most councils.

But, as the politics professor Sir John Curtice stood out, the parties share the votes in all the advice where the place of the elections was no more than 31%, so despite working well, he made sure of most votes.

A spokesman for the reform said: “We will not take economic conferences from Keir Starmer.

“The work manifesto promised £ 10 billion per year of greater expense.

“Its first budget increased spending by £ 70 billion and have added other £ 30 billion since then for Chagos.”

The Prime Minister faces pressure from his own parliamentarians in government spending decisions, including cuts to disability benefits.