Nigel Farage promises business deregulation in his economic policy speech | Reform Britain

Nigel Farage will promise a bonfire of corporate regulation as he lays out his party’s economic policies in more detail than ever in a bid to boost his party’s reputation for fiscal credibility.

The reform leader will give a speech in London in which he will put deregulation at the heart of his economic agenda drop a commitment made at the last election to deliver £90 billion in tax cuts.

The message is intended to strengthen his party’s reputation for fiscal credibility experts warned that his promises to cut £350 billion in public spending during the next parliament were wrong.

Farage will say: “When push comes to shove Brexit … we have not taken advantage of the opportunities to deregulate and become more competitive. The hard truth is that regulations and supervisors in many areas are worse than in 2016.”

He will add: “Reforming Britain will do things very differently. We will be the most pro-business, pro-entrepreneurship government this country has seen in modern times. This will mean more good-paying jobs for workers.”

“We will give companies the freedom to move forward and make more money. We will bring people into government with real expertise in their fields. And we will signal a change in attitudes to work, making money and success.”

On his previous promises on tax cuts, he will add: “Reforms will control government spending so that the country’s borrowing costs come down. Then, and only then, will I cut taxes to stimulate growth. We must grow the economy.”

Farage’s speech is part of a wider attempt to shape Reform’s domestic policy, in response to criticism that the party is only concerned about migration.

The party is torn between its traditional economic liberal instincts and the desire to win over disenfranchised voters in Labor’s heartlands, who are more in favor of state intervention.

Farage has done just that in recent months promised to nationalize half of the UK water industry and spoken warmer than before about the role of trade unions.

Monday’s speech promises to be a return to his deregulatory roots, albeit without the tax-cutting zeal he has shown in the past.

However, economists have warned that the cuts he previously promised will prove difficult – if not impossible.

In May, Farage claimed the government could save £45 billion a year by abandoning net zero commitments. But the experts he relied on for that calculation later warned that the figure consisted mainly of private sector investment, which does not contribute to government spending.