Nigel Farage Says Brexit Gains ‘Squandered’ as UK Faces Tougher Rules Than 2016
In a fiery speech delivered in London, Reform UK leader Nigel Farage has once again taken aim at Britain’s political establishment — this time accusing them of wasting the very opportunities Brexit was supposed to unlock. Farage said the UK had “squandered” its chance to use Brexit as a tool for deregulation and global competitiveness. Instead, he argued, British businesses are now tied down by even more red tape than before the 2016 referendum.
According to Farage, the situation today is worse than when the country voted to leave the European Union. He described how financial services, fishing, and other key industries have all suffered under a regulatory system that’s become increasingly rigid and hostile to enterprise. “The opportunity to sensibly deregulate and become competitive globally — all of that has been squandered,” he said. “And the worst thing is that the way regulators behave with British business is now worse than it was at the time of the Brexit vote.”
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During his economic policy address, Farage painted a grim picture of the UK’s financial state. He warned that government borrowing has spiraled so sharply that Labour, if in power, would soon be forced into what he called “a genuine austerity budget.” He claimed the national debt had ballooned under Conservative rule and that Britain’s debt-to-GDP ratio was now higher than most struggling eurozone countries.
Farage also turned his attention to public spending and welfare, promising that his party would “substantially cut the benefits bill.” He insisted that Reform UK represents “alarm clock Britain” — the working people who get up every morning to earn their living. He said his goal was to make sure those who work are genuinely better off than those relying on benefits. However, he emphasized that some welfare changes, such as removing the two-child benefit cap, would only apply to working couples on low incomes.
In classic Farage style, he didn’t hold back on other contentious topics either. He dismissed the government’s “net zero” climate agenda as “lunatic” and vowed that Reform UK would scrap renewable energy contracts signed under current policies. He also criticized what he called Britain’s “wealth drain,” claiming that high taxes and anti-business attitudes were driving rich individuals out of the country. “If the rich leave and stop paying tax, the poorer will have to pay more — it’s as simple as that,” he said.
Farage concluded by portraying Reform UK as the only “pro-business, pro-entrepreneur” alternative to the political status quo. He said too many government ministers lacked real-world experience, accusing them of being “human rights lawyers, not entrepreneurs.” His message was clear: Britain, in his view, needs leaders who understand risk, growth, and enterprise — not more career politicians.
Farage’s comments have reignited debate over whether Brexit truly delivered what was promised. While his critics say he’s deflecting blame for the economic fallout, Farage insists that Brexit wasn’t the failure — it was the politicians who came after who failed to make it work.
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