Dear Nigel,
Firstly, do you mind if I call you Nigel, or would you prefer Mr Farage? Or perhaps Nigel Farage MP, although, looking at your Commons voting record and your rather novel approach to constituency surgeries, the MP part can occasionally seem more honorary than occupational.
I am repeatedly told by your supporters that you hold the secret of Britain's success. This is intriguing, because your record suggests that your economic advice has generally consisted of supporting whichever version of low-tax, deregulated Conservatism is currently being sold as a cure for everything.
You supported Brexit, of course. That was sold as liberation from bureaucracy, a revival of sovereignty and a route to prosperity. Instead, independent research based on comparisons with similar advanced economies estimates that, by the end of 2025, Brexit had left UK GDP 6 to 8% lower than it would otherwise have been. That is not a temporary wobble. It is an economic drag built into the machinery, while the country tries to regain ground it need not have lost in the first place.
Then there was Liz Truss's mini-Budget. You called it the best Conservative Budget since 1986. That is quite an endorsement for a package which helped send sterling down, borrowing costs up and pension funds into A&E, while the Government lurched into a panic-stricken reverse gear. The fact that the policy lasted roughly as long as a lettuce did not make it less economically illiterate.
You also backed Boris Johnson's Brexit settlement, despite the extra friction it created for British exporters, and spent years supporting the wider Conservative faith in tax cuts, deregulation, smaller government and the idea that growth will appear if enough safeguards are removed and enough public assets are offered to the private sector.
So when you now present yourself as the fresh alternative to the Conservatives, it is worth asking: alternative to what, exactly? You backed their biggest constitutional gamble, their most reckless fiscal experiment and much of the economic thinking that produced stagnant wages, failing public services and a country where repairing a pothole is treated as an ambitious infrastructure programme. In fact, much of the very pickle we are now in.
Your own 2024 proposals were not markedly different. Reform promised very large tax cuts, including cutting corporation tax to 15%, lifting the personal allowance from £12,570 to £20,000, and abolishing inheritance tax for estates under £2 million. The Institute for Fiscal Studies described the broad approach as very large tax cuts financed by very large spending cuts.
The higher personal allowance is the clever bit. For an ordinary basic-rate taxpayer earning at least £20,000, it would put up to about £1,486 a year back in their pocket. Nice enough, as far as it goes. But what is it worth if the cuts needed to fund it mean longer waits for treatment, more pressure to buy private medical insurance, poorer local services, and a fiscal position which sends mortgage rates upwards?
That is the double-edged bribe. You give people a modest sum through the front door, then risk taking it back through the side entrance in private costs, higher interest payments and services they must either pay for themselves or do without. Meanwhile, the really substantial gains go to those with large estates, property portfolios, profitable companies and accountants clever enough to find the favourable corners, and who are far better placed to buy privately what everyone else loses publicly.
Then there is the immigration offer. Deportation commands, detention centres, removal flights, withdrawing benefits from foreign nationals and barring them from social housing may make for a sturdy headline. They do not constitute an answer to weak productivity, poor housing supply, low wages, NHS waiting lists or the long-term failure to train enough British workers.
If the policy is aimed only at people with no right to be here, explain what new power or capacity it adds beyond enforcing the laws already on the statute book. Deportations do not happen merely because a British minister announces them. They require identity documents, lawful detention, functioning courts and, above all, return agreements with the countries expected to take people back.
Britain cannot simply put people on aircraft and declare the destination obliged to accept them. Airlines will not carry passengers whom the receiving country may refuse, because the carrier can be liable for the cost and responsibility of bringing an inadmissible passenger back again. That is why deportations require return agreements, verified identity documents and the co-operation of the destination state, not merely a ministerial press release and a row of flags at an airfield.
If it reaches lawful workers and settled families, explain who replaces them in care homes, hospitals, food processing, construction and hospitality, and at what cost. Making their lives more precarious does not build houses, train nurses or repair public services. It merely gives the public somebody to blame while the people writing the cheques get on with the real business.
There is also a wider question about the company you keep. Your party is increasingly funded by millionaires, billionaires, cryptocurrency entrepreneurs and people with a fairly obvious interest in lower taxes, lighter regulation and fewer awkward public constraints on private wealth.
We are apparently expected to believe that these men have developed a sudden and touching enthusiasm for the democratic institutions which regulate them, tax them, constrain monopolies, protect workers, police markets and provide some protection for the average citizen when things go wrong. Perhaps they have. But it would be reassuring to hear why they are so keen to finance a party proposing to weaken precisely those institutions while cutting the taxes which pay for them.
There is also the small matter of the reported £5 million personal gift from Christopher Harborne, now being examined by the Parliamentary Commissioner for Standards. You may say it was private and unconditional. But when a politician who presents himself as the scourge of the establishment, and who at the time owned Reform UK Ltd outright, receives millions from a wealthy crypto businessman, people are entitled to ask questions.
Not because it proves wrongdoing. It does not. But because the distinction between a private gift and financial support for the owner of a political party becomes rather less clear-cut in those circumstances. You cannot spend years denouncing cosy arrangements in Westminster, then treat public curiosity about a £5 million arrangement around your own party as bad manners.
So, to use one of your own stock phrases, I am only asking the question, Nigel, because your record to date gives me no confidence whatsoever.
Which taxes would you cut? What would replace the revenue? Which public services would be cut, privatised or allowed to decline? How would you fund defence, the NHS, social care, councils, courts and prisons while cutting taxes and holding down borrowing?
And, when the personal allowance has gone up, the services have gone down, mortgage rates have risen and the people needed to staff the country have been driven away, who exactly will you blame then?
Presumably not yourself. That has never seemed to be the business model.
Yours sincerely,
Chairman Bill


















