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Farage Pivots to Deregulation, Drops £90bn Tax-Cut Pledge Ahead of City Speech

The Reform UK leader seeks to restore credibility by making tax cuts conditional on deficit reduction.

Overview

  • Farage is set to use a London address on Monday to make sweeping business deregulation the centerpiece of Reform UK’s economic platform.
  • He plans to say that tax cuts will only follow once public spending is curbed and borrowing costs fall, reversing his earlier £90bn commitment.
  • Farage will argue Britain has failed to exploit post‑Brexit freedoms and will pitch London as a leading hub for digital assets, stablecoins and cryptocurrencies.
  • He will frame Reform as both pro‑business and pro‑worker, adopting the “alarm clock Britain” mantra to claim that business success benefits employees.
  • Independent economists, including the IFS, have challenged Reform’s prior savings claims, while Labour and Conservative critics say the party’s shifting promises lack credibility.