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Experts warn Farage’s Reform tax plan would cost UK tens of billions of pounds

Reform UK leader Nigel Farage said he would axe the two-child benefit cap if Reform UK got into power at the next general election (Ben Whitley/PA) — Reform UK leader Nigel Farage said he would axe the two-child benefit cap if Reform UK got into power at the next general election (Ben Whitley/PA) (PA Wire)

Nigel Farage, leader of Reform UK, has pledged billions in tax cuts, positioning his party as the true 'party of workers'.
Farage's plans include raising the income tax threshold and restoring winter fuel payments for pensioners.
The Institute for Fiscal Studies (IFS) warns that Reform UK's plans would cost tens of billions of pounds, with unclear funding sources.
Senior economist Stuart Adam estimates the tax threshold plan alone could cost between £50bn and £80bn.
Farage claims savings from cutting the net-zero agenda, reducing asylum seeker housing costs, and slashing spending on government bodies would fund the tax cuts, but Labour has attacked these promises as 'fantasy'.

Farage’s pledges to slash taxes don’t add up, top economists warn — In full