Revealed: How Farage’s £80bn tax cuts would benefit the richest most
Figures show Farage’s tax plans would benefit the wealthiest
- Analysis by The Independent reveals Reform UK's tax plans would disproportionately benefit the wealthiest 10%, who would gain almost four times as much as the poorest 10%.
- Reform UK leader Nigel Farage has proposed up to £80bn in unfunded welfare and tax handouts, claiming Reform is the 'party of working people'.
- Economists warn Farage's unfunded pledges could cause economic chaos, with the biggest benefits going to top earners, while those on universal credit may see reduced welfare payments.
- The IFS suggests targeting employee national insurance instead of raising the tax-free income allowance, as the latter primarily benefits the upper-middle class and wealthiest.
- Sir Keir Starmer criticised Farage's plans as 'unfunded spending' reminiscent of Liz Truss's policies, while Labour MPs accused Farage of prioritizing the rich and harming working families.