Nigel Farage has shelved massive tax cuts in favour of slashing public spending in a bid to balance the books. The Reform leader said in a speech this morning that ‘substantial tax cuts given the dire state of debt and our finances are not realistic at this current moment’.

The ‘back-of-a-fag packet’ economics that characterised Reform’s election manifesto last year have been disposed of

No doubt a fair few Reform supporters will be disappointed: it means that, if Farage wins power at the next election, the tax burden will remain at a post-war high for at least a couple of years. We won’t be hearing very much about the Laffer Curve during the election campaign. But make no mistake: Farage is right. Bold tax cutting would have turned a Reform administration into Liz Truss 2.0, and the b

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