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Andrew Marr grills Richard Tice after Farage speech | LBC
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November 3, 2025
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November 3, 2025
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9:31Now PlayingAndrew Marr took Reform MP Richard Tice to task following a speech made by Nigel Farage, in which he walked back on several tax cuts promised at the last election.
The Reform UK leader used a speech in London on Monday to promise sweeping deregulation, arguing the UK had ‘squandered’ Brexit.
Nigel Farage said substantial tax cuts were “not realistic at this current moment in time” as he pledged Reform UK would lead the “most pro-business” government in modern history.
The Reform UK leader used a speech in London on Monday to promise sweeping deregulation, arguing the UK had “squandered” Brexit.
He said the party would remove inheritance tax from family farms and family-run businesses and would “raise the thresholds at which people start to pay tax”.
If elected, Reform UK would “substantially cut the benefits bill” and “reduce the size of the public sector”, with Mr Farage adding that all disability claims would be reassessed and “dealt with in person”.
Speaking at Banking Hall in the City of London, Mr Farage said: “We want to cut taxes, of course we do, but we understand substantial tax cuts given the dire state of debt and our finances are not realistic at this current moment in time.
“There are some relatively modest things we would do: We would immediately remove IHT from family farms and from family-run businesses, and we will raise the thresholds at which people start to pay tax to begin the process of getting people out of the 16-hour a week working debt trap that so many people find themselves in.”
The Reform UK leader added: “One of my own great frustrations is that Brexit has been squandered. The opportunity to sensibly deregulate, the opportunity to become competitive globally, all of that has been squandered.
“And the worst thing is that regulations and the way regulators behave with British business is now worse than it was at the time of the Brexit referendum vote.”
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