Nigel Farage today sought to position Reform UK as a “party of alarm clock Britain” championing both business and workers.
  In a speech in the City of London this morning, the former stockbroker promised that his party would balance the budget and “never borrow to spend” if it came to power. When spending is “under control” and borrowing costs are down, said Farage, “then, and only then, will I cut taxes to stimulate growth”.
  This “marks the first time Reform has articulated something resembling a fiscal rule”, said the Financial Times. It also raises serious “questions over the spending cuts or tax increases needed to achieve this goal, as well as the precise definition of the pledge itself”.
  What did the commentators say? This is a “big moment” for Reform, said Matthew Lynn in The Spectator. Headline-grabbing promises made at the last election are set to be junked, with the “new-look ‘Nigel from Accounts’” promising “a far more sober approach to the public finances”. 
  One area where the party appears willing to challenge the status quo is on the pension triple lock. Although economists have long argued this has become unsustainable, successive governments of both main parties have shied away from touching it for fear of angering older voters.
  Reform, by contrast, has been “remarkably open” about whether the triple lock would survive, said Politico’s Dan Bloom. A final decision appears a “long way off”, but when Farage does make up his mind, “he has the power to radically alter the political landscape in the UK – and set a new bar for insurgent parties across Europe telling hard truths that the centre cannot”. However, “he would also come under ferocious attack”.
  What next?  Reform insiders believe the economy is “only going to worsen before the next election,” said The Times, and that will mean the Tories “having to abandon many of their promises to cut taxes”.
  Farage may choose to keep his cards close to his chest until then, but he is “at least trying to signal a more traditional coding when it comes to the economy”, said Politico’s London Playbook. “On that front, the insurgent is straining to sound a little more like the opponents he’s trying to banish.”
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