Farage is a racist ConservativeReform UK's economic policy focuses on significant tax cuts, deregulation, and spending reductions, particularly by slashing "wasteful" government expenditure, scrapping net-zero targets, and reforming welfare to fund lower income tax, corporation tax, and stamp duty, though leader
Nigel Farage has recently scaled back immediate promises due to fiscal concerns, prioritizing fiscal responsibility and "performance-related" tax cuts after achieving spending cuts. Key proposals include higher tax-free allowances, abolishing business rates for SMEs, and leveraging Bank of England debt interest savings, aiming to boost business and individual incentives.
Key Economic Pillars

    Taxation:
       Lower Income Tax: Raise the personal allowance to £20,000, aiming to take millions out of income tax.
       Business Tax Cuts: Reduce corporation tax, raise the VAT threshold to £150k, and scrap business rates for small firms.
       Inheritance Tax: Scrap it for family farms and businesses.
       Funding: Finance these partly by taxing large multinationals and redirecting Bank of England debt interest payments.
    Spending & Savings:
       Spending Cuts: Target £50bn+ in savings from government waste, including scrapping HS2 and cutting foreign aid.
       Welfare Reform: Tighten Personal Independence Payment (PIP) eligibility to focus on work, saving billions.
       Net Zero: Scrap net-zero targets to save £30bn annually, viewing them as costly.
    Regulation & Business:
       Deregulation: Implement a "bonfire of business regulation" post-Brexit to boost competitiveness.
       Pro-Business Stance: Foster a culture of hard work and entrepreneurship, bringing business expertise into government.

Recent Shifts

    Scale-Back: Farage has moderated promises, stating major tax cuts aren't currently feasible due to the national debt, shifting focus to spending cuts first.
    Focus on Fiscal Responsibility: Emphasis is now on proving savings before enacting large tax cuts, reassuring markets.