Fury Over Nigel Farage's Austerity Plans
Nigel Farage and his party, Reform UK, have been sharply criticized as "vultures" accused of betraying pensioners and introducing a harsh new era of austerity. This backlash followed a significant speech in the City of London, where Farage abandoned previous tax proposals.
Abandonment of Tax Pledges and Welfare Cuts
During his speech, Farage withdrew billions of pounds in promised tax measures but vowed to implement welfare cuts and drastically reduce public spending if his party gains power. He argued economic instability would likely trigger a general election in 2027, lamenting that Brexit opportunities had been "squandered."
Controversial Positions on Pensions and Wages
Farage refused to guarantee maintaining the pensions triple lock and even suggested lowering the minimum wage for young workers. His plan also included a heavily criticized tax scheme aimed at helping wealthy foreign tycoons avoid taxation.
Criticism of Farage's Budget
Critics labeled his proposals as an "incoherent saloon bar budget" favoring hedge funds and financial speculators over ordinary workers. When questioned about the pension triple lock, Farage responded:
"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 predict."
This suggests he foresees severe economic difficulties that may impact pension increases and the overall welfare system.
Author’s summary: Nigel Farage's latest speech signals deep public spending cuts and controversial tax breaks, igniting fears he will harm pensioners and widen economic inequality if elected.