Nigel Farage Abandons Tax Cuts
Nigel Farage, the Reform leader, has decided to shelve massive tax cuts in favor of slashing public spending to balance the books.
‘substantial tax cuts given the dire state of debt and our finances are not realistic at this current moment’
This move marks a departure from the "back-of-a-fag packet" economics that characterized Reform's election manifesto last year.
- Reform supporters may be disappointed as the tax burden will remain at a post-war high for at least a couple of years.
- The Laffer Curve will not be a focus during the election campaign.
Despite potential disappointment, it is acknowledged that Farage is right to abandon bold tax cutting, which could have led to a repeat of Liz Truss's mistakes.
Author's summary: Farage abandons tax cuts for public spending cuts.
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