The article discusses recent statements made by Nigel Farage regarding his tax plans, which include raising the income tax threshold and restoring winter fuel payments for pensioners. The Institute for Fiscal Studies (IFS) has labeled these proposals as financially unfeasible, estimating their total cost could reach up to £80 billion without a clear explanation of how they would be funded. Senior economist Stuart Adam emphasized that such significant promises must have corresponding financial strategies if Farage aims to position himself as a potential government leader.
Nigel Farage's promise to slash taxes if he wins the next general election does not add up, Britain's top economic think tank, the IFS, warns.
The tax threshold plan would cost between 50bn and 80bn, indicating that the Reform UK leader's proposals lack a clear funding strategy.
Collection
[
|
...
]