Nigel Farage and his party, Reform UK, have been criticized harshly for plans that many say would hurt pensioners and deepen austerity measures. Following a major speech in the City of London, where previous tax promises were dropped, critics labeled Farage and Reform UK as "vultures."
During his speech, the Reform UK leader scrapped billions in tax pledges but pledged significant welfare cuts and a sharp reduction in public spending if elected. He warned that economic instability would trigger a general election by 2027, lamenting that Brexit opportunities had been "squandered."
Farage declined to guarantee the continuation of the pensions triple lock, which raises pensions based on the highest of earnings growth, inflation, or 2.5%. He also proposed lowering the minimum wage for young workers.
"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."
He reaffirmed his widely criticized plan to establish a scheme helping wealthy overseas tycoons avoid taxes. Critics accused him of delivering an "incoherent saloon bar budget" favoring hedge funds and financial speculators over working people.
Author's Summary: Nigel Farage's recent speech revealed plans that could deepen austerity, betray pensioners, and favor the wealthy, sparking fierce backlash from critics.