Nigel Farage blasted for ‘fantasy economics’ as Reform claims £225billion savings by axing net zero projects
He is calling for the scrapping of the two-child benefit cap and restoring the winter fuel payment to all pensioner
Nigel Farage’s tax and spend plans were slammed as “fantasy economics” as Reform UK claimed it could save a massive £225 billion over five years by scrapping net zero projects.
The Reform UK leader was seeking to march onto Labour territory by making a series of pledges including axing the two-child benefit limit and restoring the winter fuel allowance for all pensioners.
Mr Farage’s party also wants the threshold for paying the basic rate of income tax to be dramatically increased from £12,570 to £20,000.
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Reform sources said the £225 billion figure of savings from ditching net zero projects was based on a report by the Institute for Government.
But the IfG stressed that the bulk of this green investment, highlighted in the paper called “Paying for Net Zero” was due to come from the private sector, not public funds.
Jill Rutter, senior fellow at the IfG, told The Standard: “Cancelling private investment does not save the Government money.”
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