Nigel Farage will pledge to form “the most pro-business” government in British history if Reform UK comes to power as he sets out his economic plans on Monday.
The Reform leader is expected to use a speech in London to promise sweeping deregulation, arguing the UK has not made the most of Brexit.
But Farage will also row back from his party’s 2024 promise to cut £90 billion of taxes, saying Labour and the Tories have “wrecked the public finances” and Reform would need to get public spending under control first.
Reform’s manifesto committed the party to tax cuts worth around a third of the NHS budget, including raising the personal allowance to £20,000, introducing a £100,000 tax-free allowance for companies and exempting some high street firms from business rates.
He may also backtrack on his pledge to lift the two-child benefit cap, according to Politico. A senior official told the website that Farage will “clarify” that the cap will only be lifted for full-time working British parents.
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Farage to unveil Reform UK’s economic plans in major speech Sort: Newest first Oldest first November 3, 2025 9:07 amFarage to unveil Reform UK’s economic plans in major speech
The Reform leader is expected to use a speech in London to promise sweeping deregulation, arguing the UK has not made the most of Brexit.
Reform’s manifesto committed the party to tax cuts worth around a third of the NHS budget, including raising the personal allowance to £20,000, introducing a £100,000 tax-free allowance for companies and exempting some high street firms from business rates.
A senior official told the outlet that Farage will “clarify” that the cap will only be lifted for full-time working British parents.
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