Politics

Is Nigel Farage’s Ukraine gaffe the first mistake of his election campaign?

Published

1 year ago

June 21, 2024

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Has Nigel Farage made his first blunder of the election campaign?

His incendiary claim that the West provoked the war in Ukraine will be offensive to many people.

It may make some of those Conservative supporters considering switching to Reform UK on 4 July think again.

And a clarification in a late-night tweet appearing to row back from his earlier claims in a TV interview suggests he may have realised he went too far.

“I am one of the few figures that have been consistent and honest about the war with Russia,” he posted on X.

“Putin was wrong to invade a sovereign nation and the EU was wrong to expand eastward.

“The sooner we realise this, the closer we will be to ending the war and delivering peace.”

His earlier comments were straight out of the playbook of his friend Donald Trump.

But if it was his intention to provoke a row and gain him publicity, it may have backfired this time.

Mr Farage claimed in his interview he warned back in 2014, when he was a UKIP member of the European Parliament, that there would be a war in Ukraine.

He blamed the “ever-eastward expansion of NATO and the European Union” for giving Vladimir Putin a reason to go to war.

His critics will say it’s not just a conspiracy theory, but a dangerous crackpot theory of the sort Mr Trump would peddle.

It’s also a claim that ought to make those Conservatives who want to welcome Mr Farage into their party with open arms change their mind.

His comments do appear, however, to have brought about a change in the way senior Tories have treated Mr Farage in this election campaign and made them wake up to his threat.

Until now Rishi Sunak and his senior colleagues have barely laid a glove on the politician who has vowed to destroy their party and take over as the official opposition to Labour.

Mr Sunak has – feebly – said he understands the anger of those Conservatives who are frustrated by his government’s record and are tempted to vote for Reform UK.

The most that cabinet ministers have said against Mr Farage up to now is that a vote for Reform UK is a vote to put Sir Keir Starmer in Downing Street with a “super-majority”.

That approach seems to have changed now.

James Cleverly, surely a leadership contender in the event of a Tory defeat, led the criticism, but even he could have gone further.

“Just Farage echoing Putin’s vile justification for the brutal invasion of Ukraine,” he said.

Really? Is that it, Mr Cleverly?

Sir Liam Fox, a former defence secretary, said: “The West did not ‘provoke this war’ in Ukraine and it is shocking that Nigel Farage should say so.”

It was Ben Wallace, the most recent former defence secretary, who – not for the first time – said what other senior Tories should have said in condemning Mr Farage.

He said the Reform UK leader was “voicing sympathy for a dictator who deployed nerve agents on the streets of Britain” – a reference to the Salisbury poisoning attack.

And in a jibe no doubt intended to rile Mr Farage, he said he was “more Chamberlain than Churchill”.

That should have the Reform UK leader choking on his warm beer.

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But it was Labour’s shadow defence secretary John Healey who launched the kind of stinging attack that we should have heard from Conservative cabinet ministers.

He denounced Mr Farage as a “Putin apologist” who “would rather lick Vladimir Putin’s boots than stand up for the people of Ukraine”.

Maybe Mr Farage was being deliberately provocative with his comments and intending to provoke a political row.

After all, he craves attention and relishes controversy.

After Mr Sunak’s D-Day fiasco, for instance, he claimed the PM “doesn’t understand our culture” and portrayed himself as a champion of veterans and the armed forces.

Since he wrestled the leadership of Reform UK from Richard Tice, he has campaigned for more defence spending, increasing the size of the army and better housing for soldiers.

But his remarks will dismay the many Britons who have taken the suffering people of Ukraine to their hearts and in many cases taken the country’s refugees into their homes.

And so despite his appearing to justify his remarks in his tweet, his pro-Putin comments may have been a gaffe too far for undecided voters who have until now been sympathetic to his outspoken views.

Politics

Cutting cash ISA allowance could backfire – and make mortgages more expensive, MPs warn

Published

4 hours ago

October 25, 2025

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Cutting cash ISA allowance could backfire - and make mortgages more expensive, MPs warn

Cutting the annual allowance for cash ISAs could backfire in multiple ways, an influential group of MPs has warned the government.

For months, speculation has been growing that the chancellor may slash the yearly limit for tax-free savings – potentially from £20,000 to £10,000.

The government is hoping to encourage savers to invest in stocks and shares ISAs instead, which can offer greater long-term returns and improve financial health.

But according to the Treasury Committee, slashing allowances would be unlikely to achieve this – and could lead to higher prices for consumers.

Building societies rely on cash ISA savings to fund mortgage lending – and a drop in deposits might lead to higher interest rates or fewer products on the market.

Committee chairwoman Dame Meg Hillier said “we are a long way” from achieving a culture where substantial numbers of Britons invest in the stock market.

“This is not the right time to cut the cash ISA limit,” she warned. “Instead, the Treasury should focus on ensuring that people are equipped with the necessary information and confidence to make informed investment decisions.

“Without this, I fear the chancellor’s attempts to transform the UK’s investment culture simply will not deliver the change she seeks, instead hitting savers and borrowers.”

The latest figures suggest two-thirds of contributions to ISAs in the 2023/24 tax year went to cash accounts – bringing total holdings to £360bn.

An estimated 14.4 million consumers solely save in a cash ISA, with the average balance standing at £6,993.

Surveys suggest that, if allowances were cut, consumers may move their cash to alternative savings accounts where they would have to pay tax on interest.

Skipton Group executive Charlotte Harrison previously warned: “Building societies, which funds over a third of all first-time buyer mortgages, rely on retail deposits like cash ISAs to fund their lending.

“If ISA inflows fall, the cost of funding is likely to rise, and that means mortgages could become both more expensive and harder to access.”

She claimed a policy change could end up “penalising savers who want low-risk, flexible options” – adding: “Cash ISAs work. Undermining them doesn’t.”

Chancellor Rachel Reeves said: “At the moment, often returns on savings and returns on pensions are lower than in comparable countries around the world.

“I do want to make sure that when people put something aside for the future, they get good returns on those savings.”

The committee’s warning comes amid speculation over whether Ms Reeves will raise income tax at next month’s budget – breaking a key Labour manifesto pledge.

Newspaper reports have suggested that the basic rate of income tax could be increased for the first time since the 1970s – up 1p to 21%.

This could raise about £8bn and help tackle a black hole in the country’s finances, but risks squeezing consumers further as a cost-of-living crisis continues.

A 1p rise to the higher band of income tax – taking that rate to 41% – is also believed to be under consideration, but this would only boost the nation’s coffers by £2bn.

Ms Reeves has refused to rule out such a move, telling Sky’s deputy political editor Sam Coates that she is looking at both tax rises and spending cuts ahead of her statement to the Commons on 26 November.

Politics

Bank of England probes data-mining lending strategies fueling AI bets

Published

8 hours ago

October 25, 2025

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Bank of England probes data-mining lending strategies fueling AI bets

The Bank of England is worried that a rise in financiers’ lending to data center lending may cause an AI bubble reminiscent of the dot-com crash in the early 2000s.