Labour says Farage would revive austerity as he prepares to set out economic vision in speech UK politics live
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Labour says Farage would revive austerity as he prepares to set out economic vision in speech  UK politics live
"One of them is that immigration is the only potential winning issue it has got, because on all almost other subjects its policy offer is flimsy and its credibility is minimal. And nowhere is this more obvious than on the economy, where the party has already had to admit that the 90bn tax cuts it was proposing in its manifesto last year are now being ditched because they are unachievable."
"As Kiran Stacey reports in his preview, Farage will commit the party to wholesale deregulation. Farage will also say that, under Reform, spending cuts would happen before tax cuts. Reform will get public spending under control, so that the nation's borrowing costs come down. Then, and only then, will I cut taxes to stimulate growth. We must get the economy growing."
"A Labour spokesperson said: Nigel Farage says he is offering something new but for all his talk, his plan would take us back to austerity. We've seen from the councils Reform run that they've failed to deliver the savings they already promised and are cutting services and raising taxes as a result. They've said themselves that those councils are a shop window for what a Reform government would do nationally we know that this is more empty promises and no real plan."
Reform UK has led opinion polls for much of the year but retains significant vulnerabilities, relying mainly on immigration as its only potential winning issue. The party's policy offer on most subjects is weak and its credibility is limited, especially on the economy, where proposed 90bn tax cuts have been abandoned as unachievable. Nigel Farage will set out an economic vision centered on wholesale deregulation and a pledge to implement spending cuts before any tax reductions, aiming to lower borrowing costs and stimulate growth. Labour and the Conservatives have preemptively criticized the plan, warning of a return to austerity and empty promises.
Read at www.theguardian.com
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