Fury as Nigel Farage 'to betray pensioners and unleash austerity'

Fury Over Nigel Farage's Austerity Plans

Nigel Farage and Reform UK faced sharp criticism, being labeled "vultures" for plans seen as a betrayal of pensioners and a precursor to severe austerity measures. This backlash followed a significant speech in the City of London where previous tax promises were abandoned.

Abandoning Tax Promises and Cutting Public Services

In his speech, Farage dropped billions in tax pledges but insisted he would implement welfare cuts and drastically reduce public spending if elected. Critics warned that public services would face deeper cuts than under the Conservative government, harming pensioners and vulnerable groups.

Economic Outlook and Election Timing

Farage predicted economic turmoil would trigger a general election in 2027. He lamented the lost opportunities from Brexit, describing them as "squandered."

Pensions and Minimum Wage Controversies

He refused to commit to maintaining the pension triple lock—a mechanism ensuring pensions rise with average earnings, inflation (CPI), or 2.5%—and even hinted at lowering the minimum wage for young workers.

Tax Scheme for Wealthy Overseas Individuals

Farage also doubled down on a contentious proposal to create a scheme assisting wealthy foreign tycoons in avoiding taxes, provoking further outrage.

He was accused of presenting an "incoherent saloon bar budget" favoring hedge funds and financial speculators over workers.

On the pension triple lock, Farage stated: "If I'm right and that election comes in 2027, then the economy will be in an even worse state than any of us in this room could even predict."

Author's summary: Nigel Farage’s recent speech signals deep cuts to public services, controversial economic plans, and a rejection of pension protections, sparking widespread condemnation.

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The Mirror The Mirror — 2025-11-04

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