"Nigel Farage loves a gamble. In his 2015 memoir, The Purple Revolution, a whole chapter is dedicated to the then Ukip leader's appetite for risk, how he indulged it in the City and how that prepared him for a career in politics. He boasts of the time he lost a seven-figure sum of money in the course of a morning on the zinc market before breezing off to the pub."
"He observed that Britain's sluggish growth and high debt demand sober management of public finances. He hinted that Treasury savings could one day be made by unpicking the sacred triple lock that guarantees perpetual real-terms rises in the state pension. Liz Truss was not named, but the new, parsimonious Farageonomics has been formulated to silence comparisons between Reform's agenda and the budget misadventure of the Tory prime minister whose unfunded tax giveaway incinerated the nation's financial credibility."
Nigel Farage cultivated a reputation for risk-taking from his days as a commodities trader, recounting a seven-figure loss on the zinc market and nostalgia for deregulated finance. He is not meticulous with details, and the political stakes now require a calmer image. Farage publicly renounced Reform UK's 2024 manifesto tax-cut pledge of £90bn as fiscally unrealistic, citing sluggish growth and high debt that demand sober fiscal management. He suggested Treasury savings might come from unwinding the pension triple lock. He framed these moves to distance Reform from Liz Truss-style unfunded giveaways and to show policy range beyond immigration.
Read at www.theguardian.com
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