Reform UK ‘would trigger immediate and violent sterling crisis’
https://www.telegraph.co.uk/business/2025/05/14/reforms-economic-plans-would-trigger-run-on-the-pound/
Posted by Aceofspades25
Reform UK ‘would trigger immediate and violent sterling crisis’
https://www.telegraph.co.uk/business/2025/05/14/reforms-economic-plans-would-trigger-run-on-the-pound/
Posted by Aceofspades25
43 Comments
I look forward to reading the next Farage column in the TORYgraph.
Not a huge fan of Farage, but surely everyone agrees that *at some point,* we will need to go through a massive restructuring of the way the economy works though? And you would think that the sooner that happens the better – as things will get progressively worse until it breaks down anyway. Doesn’t really matter if you’re on the left or the right at this point.
It is ridiculous really that we have an system where workers shoulder so much of the tax burden whilst large corporations, which syphon off money in local economies to global shareholders, pay next to nothing (comparatively.)
Turning the tax system on it’s head (ie, taxing corporations more than the people) would undoubtably lead to immediate economic challenges, but long term do we really have a choice? Unless we’re happy to have everything owned by a small number of umbrella corporations.
They could have “we’ll trigger a violent sterling crisis” in their next “contract” but it wouldn’t make a lick of difference to their voter base.
Yeah but what do *expert economists* know really?
Ar Nige is just going to use *common sense* to fix this nation.
Christ the “find out” phase is going to be depressing
This will be dubbed project fear 2.0. Until it becomes protect reality and chumps who voted for it will still somehow blame Labour.
Farage is quite good at triggering immediate violence
Well yeah, you don’t give crazy the wheel to the car. Did we learn nothing from the Lettuce?
Pretty ironic that the party which most overtly promises to “save us” from immigrants coming from terrible economies is the one most prone and probable to abruptly make our economy terrible if they got into power.
Ironic but not surprising.
Reform: We’re going to abolish waiting lists and income tax!
Everyone: How?
Richard Tice: Oh grow up
Let’s not deny the will of the people right? The will of the people has often done well for this country in recent years like the Legendary vote of 2016 to protect our freedom and sovereignty. How dare someone want to take this from us.
I’m willing to bet that some people would make a lot of money from this scenario.
Farage once again just jacking off his base
Whilst there are some broadly popular policies here, there are some massively divisive ones, and some that genuinely don’t make a lot of sense
Didn’t Nigel say Liz Truss’s mini budget was the best or something ?
Does a sterling crisis mean my mortgage rate goes down or up?
All the headlines in the world will not be enough to stop what’s coming, they’ve been trying for over a decade now and this guy just gets bigger. He’s anti-establishment, or at least is viewed that way, so when the establishment attacks him it just boosts his image even more for those who are in favour of or considering him.
Someone please explain to me why people who were frustrated with the Tories want Reform in power, when a whole host of their MPs are literally Tories. I do not get it.
It’s so difficult to see the British version of MAGA gain traction now.
It just feels so stupid even as a thought that people are looking across the Atlantic and thinking we need some of that…. MUKGA
Heard this same stupid crap with brexit. Instant recession- instant 500,000 jobs lost- instantly our internal hyperbole radar would collapse…. Oh wait!
“Hedge-ho, Hedge-ho
It’s of to the markets we go.”
Just like Nigel and his mates did with brexit.
Who decides the future of a country the voters or the bankers
They would vote anybody in, they’ve proved it this time with the council worker that can’t stand and the one that wants to jump ship asap!! Reform voters vote for an ideology that isn’t real. It’s not going to happen and if it does, it will destroy the country!! They haven’t got a clie
I really want to do something about Reform. I feel like they’re so easy to attack, they have so many flaws, they’re not hardened politicians they’re a mess. An embarrassment. They’re going to drive this country off a cliff but are starting to look like a real threat. The public needs to be educated.
I’m thinking a website to organise and offer a pull for bringing in people but in the lead up to the election, big billboards and bus stop posters attacking individual MP’s in constituencies that they could win with facts.
I have the ability to put most of this together, I have the resources to do so. What I don’t have is lots of time and I think this project is bigger than just one person.
Is anyone else interested in doing something similar? The perfect situation would be a grassroots project with people donating their time and skills to achieving the goal of damaging reforms public pull.
Same playbook as trump wrecking the usa but exactly like trump his weird follows will believe anything they say unless they murder a child .
The same would happen if any other party except Labour or Tories got in power because it’s the unknown.
Yeh but at least we get are country back! Farage says it’s alright, then it’s alrite!
People need to learn to live together or these demagogues are going to keep getting control and not delivering on anything but creating tragedies of their own. Populism is never the answer, it never does anything good for societies, it only sows more division.
So once again, not the Russians nor the Chinese, but “the markets” heavily sway the outcome of democratic elections, and absolutely no-one sees a problem.
Opinion piece by…
Szu Ping Chan
Economics Editor
WOULD is a very strong word to prove with no evidence
You know the establishment is rattled when they start PROJECT FEAR 2.0….right after the Reform gains …..text book establishment.
It won’t work, we’ve heard it all before 🤣
Change is coming.
If we want to change course economically and become a high wage, low tax economy then it will obviously cause short term volatility in the markets.
A similar thing happened with Truss,who was unfairly used as a convenient scapegoat to take the flak for an inevitable rise in interest rates. In all likelihood however her fairly minor changes in the right direction would have saw working people better off in the longer term.
We can have it one or two ways, we can have a stable managed decline (what we have now) or we can have drastic changes to reinvigorate our economy which will spook the markets and may or may not succeed.
There are many comments here saying *Reform voters don’t know what sterling is* *reform voters don’t understand economics* *reform voters think they know better than economists*.
This will be true of many Reform voters, but it’s also generally true for the vast majority of the general public. What is probably common amongst reform voters is a feeling that the current economic situation doesn’t benefit them.
Oooh I was looking forward to another game in the Not Tonight series.
If they are threatening this, it means they are planning it if they lose. Reform want what’s best for English people
Tory rag panicking. “The sky is falling down!”
The big problem is that now, Government policy seems entirely dictated by the bond markets.
Truss’s reckless budget = crisis.
Now Reeve’s policies are so conservative so as not to upset the markets. I’m sure budgets didn’t used to have that much effect.
Oh no! Not a violent sterling crisis!
How will I ever pay for all the (checks notes) shit I can’t currently afford.
Farage would go away over night if there was a genuine attempt to address the issues that Cause people to vote for him.
This kind of news is not the way to change the mind of Reform voters, look at what happened with Brexit it gets labelled project fear and people dig their heels in. You’d be better off giving them all £20 Vouchers for Wetherspoons
Reform might or could do lots pf bad things. Labour and the conservatives HAVE done lots of bad things
If they get into power then the Uk might as well run up the red flag over Whitehall…👍
Why can’t this be used for messaging by the sensible parties?
Remember when the Sterling plummeted after Brexit?? That was really annoying. Think about how much it’d hurt if it drops even more. For what benefit? We are not a major reserve currency due to our tendency to shoot ourselves in the foot.
Not that I am defending reform in any way…. As they probably would…. But this reminds me of Theresa May’s “run on the £, run on the £, that’s what you’ll get with labour”…. Until the interviewer pointed out that’s what happened with it under the Tories.
IFS said the same when Farage first announced their ‘contract’ last year
[https://ifs.org.uk/articles/reform-uk-manifesto-reaction](https://ifs.org.uk/articles/reform-uk-manifesto-reaction)
Andrew Neil calls Reform amateurs at economics when he interviewed Tice last year
[https://www.youtube.com/watch?v=xVlW6PMSPnM](https://www.youtube.com/watch?v=xVlW6PMSPnM)
The Economist last week in response to Farage’s updated economic plans in The Mail a couple of weeks ago
“Nigel Farage’s economic plans are a disaster”
“Three choices: fiscal implosion, deep austerity or a hasty U-turn”
[https://archive.ph/gZS15](https://archive.ph/gZS15)
Labour have passed the Budget Responsibility Act 2024 to attempt to prevent another Truss fiscal event.
It creates a ‘fiscal lock’ that is designed to ensure that fiscally significant announcements made by the Government are subject to independent assessment and will not upset the financial markets.
[https://bills.parliament.uk/bills/3731](https://bills.parliament.uk/bills/3731)
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When we’ve had such harsh and difficult cuts to public spending and money wasted on HS2 that need got finished and was most likely always planned to be that way, as a money laundering scheme from the government, as most are, then what hope do the public have with any party?