Starmer says Farage would spook the City and give us Truss 2 – he could be right

Labour’s accusation is that Nigel Farage would spook the City with his unfunded tax cuts, sparking a meltdown akin to Liz Truss’s mini-budget. Photograph: José Luis Magaña/AP

The message Zia Yusuf wanted to send was clear. With a backdrop of the City of London behind him, from the 34th floor of the Shard, the Reform UK chair laid out an economic policy designed to show his party meant business.

In a briefing over a full English breakfast for some of the nation’s journalists on Friday morning, Yusuf reiterated an announcement the Reform leader, Nigel Farage, had made overnight from another hotel 5,000 miles away in Las Vegas: the party would now accept donations in bitcoin, and if elected to power would make tax and regulatory changes to bolster Britain’s adoption of cryptocurrency.