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The Politics Show

What's Farage's plan for the economy?

The Politics Show

The New Statesman

News, Society & Culture, Politics

4.21.5K Ratings

🗓️ 3 November 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Today, Nigel Farage set out his updated vision for the UK economy.


At a speech and press conference in London, The Reform UK leader talked tax, immigration, welfare, Brexit and his days working in the City.


The New Statesman’s Ethan Croft was at the event.


Ethan joins Oli Dugmore to discuss.

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Transcript

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0:00.0

The New Statesman.

0:07.9

Today, Nigel Farage set out his vision for the economy in a speech and press conference in London.

0:13.6

He talked tax, welfare, Brexit and his time working in the city.

0:18.9

I'm Olly Dougmore.

0:20.0

This is the New States from podcast and I'm joined

0:21.6

today by Ethan Croft. Hello, Ethan. Hello. Hi. You wrote Nigel Farage's speech this morning.

0:28.7

What happened? Well, there are a number of news events, I suppose. Some of this was trailed in the papers

0:36.6

this morning and on Sunday, but basically

0:39.9

Farage made what his people were excitedly describing to me last week as his first major

0:45.1

intervention on economics since the general election. So, I suppose, reform. It's one of its advantages in polling is that it is

0:58.2

the anti-immigration party. And so a lot of people in Britain who have got issues of immigration

1:03.4

are saying they're going to vote for reform. The downside of that is do they look like a kind of

1:07.1

one-trick pony? And they can only talk about one thing. So today you were seeing a kind of

1:12.1

attempt by Farage to kind of broaden, broaden his message, but also to tidy up some of what he

1:19.8

claimed were misinterpretations and misrepresentations of the things he said before on these

1:23.6

issues. So you had a U-turn on welfare policy, which he said wasn't a U-turn.

1:30.4

He said everybody just the first time I wrote the stories the wrong way around. That was on the

1:35.4

subject of the two-child benefit cap. So it had previously been reported based on a speech he gave

1:41.4

a few months ago that he wanted to get rid of the two-child benefit

1:46.5

cat and actually that was happening it was a kind of very clever bit of political maneuvering because

1:54.9

Farage had actually put himself to the left of Starma for a number of weeks that was before

2:00.1

well I mean in a way I suppose Starma still hasn't got rid of the two-child cap, although we are expecting something to come on that quite soon. But at the time, there was a lot of pressure from the Labour backbenchers to make a commitment to get rid of it by the government. And Farage came out and said, actually, he would. Now he's saying, oh, well, I'd get rid of the two child cap for British working couples

...

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