Farage attacks UK economic leadership, pushes financial deregulation, and opposes Labour’s Bitcoin sales plan.

Nigel Farage, leader of Reform UK, criticized current UK economic leadership as ineffective, calling them "cretins," and pledged a "big bang two" to deregulate the financial sector, particularly around digital assets like Bitcoin. Speaking at the Digital Asset Summit in London, he urged bold reforms inspired by Margaret Thatcher’s 1980s changes to revitalize the City of London, arguing that outdated anti-money laundering rules and excessive regulation harm innovation and lead to arbitrary bank account closures. Farage accused former Chancellor Gordon Brown of poor stewardship, including selling gold reserves at low prices, and claimed Labour’s Rachel Reeves plans to sell seized Bitcoin—something he opposes, advocating instead for digital assets to be held as a reserve. Reform UK has dropped most of its £90 million tax cut pledge, citing worsening economic conditions under the current Labour government and emphasizing fiscal responsibility.