"Nigel Farage has rowed back from his party's election promise to cut 90bn of taxes, accusing Labour and the Tories of wrecking the public finances and saying Reform UK would need to get public spending under control first. The Reform leader rejected suggestions he had been forced to break manifesto promises in order to gain economic credibility, suggesting the proposal had only ever been an aspiration."
"I cannot tell you what the state of the economy will be as the next general election approaches. If I'm right, and that election comes in 2027 then the economy will be in an even worse state than any of us in this room could even relate. So how can anybody project on pensions or thresholds or any of those things between now and then They were only ever aspirations."
Reform UK has distanced itself from a manifesto pledge to cut £90bn in taxes and to raise tax-free thresholds to £20,000, citing worsening public finances and the need to control public spending first. The party leader described earlier promises as aspirations rather than firm commitments and refused to guarantee continuation of the pensions triple lock expected to cost £15.5bn by 2030. Economists judged the manifesto’s tax and spending figures as problematic and undercosted. Reform has signalled large spending reductions across welfare, net zero policies, asylum support, foreign aid and the civil service but has not published detailed cut plans.
Read at www.theguardian.com
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