Summary
Prime Minister Sir Keir Starmer criticized Nigel Farage's economic plans, comparing them to the policies of former Prime Minister Liz Truss. Starmer argued that Farage's proposed tax cuts could increase mortgage costs and resemble previous economic strategies that were unsuccessful.
Key Facts
- Sir Keir Starmer claims Nigel Farage's economic plans are similar to those of former PM Liz Truss.
- Starmer believes these policies could raise mortgage costs.
- Reform UK, led by Farage, recently gained support in local elections.
- Farage proposed raising the income tax threshold from £12,570 to £20,000.
- The Institute for Fiscal Studies estimated this tax policy could cost £50bn to £80bn annually.
- Reform UK did not explain how they would fund these tax changes.
- Reform UK made significant gains in local elections, winning new councillor positions.
- There are critiques over the economic feasibility of Farage's proposed policies.
