‘We must cut capital gains tax for people who give me five-million pound gifts’, insists Nigel Farage
by Rich Smith 38 seconds ago 
Nigel Farage has today defended his plan to cut capital gains tax on cryptocurrency, insisting Britain urgently needs to help the sort of struggling billionaire who can barely afford to give him five million pounds.
The Reform leader backed reducing the rate from 24% to 10%, in a remarkable coincidence involving the industry in which his exceptionally generous friend Christopher Harborne made his fortune.
“The five million pounds was an unconditional personal gift,” explained Farage.
“Which means I am completely free to develop policies that will significantly benefit the man who gave it to me.
“People keep asking what strings were attached. None. No strings at all. Just five, completely unconditional, million. You don’t need strings when everyone is already pulling in the same direction.”
Farage insists the lower rate would encourage investors to declare their gains, an incentive apparently unavailable to ordinary taxpayers, who are simply expected to pay what they owe.
“If a billionaire thinks his tax bill is too high, the only responsible action is to make it smaller until he feels comfortable paying it,” continued Farage.
“If voters at home without billions in crypto investments think their tax bill is too high, they should consider cancelling Netflix, obviously.”
The party rejected suggestions that foregoing millions in potential tax revenue was difficult to reconcile with its insistence that Britain cannot afford its existing welfare bill.
A spokesperson said, “You have to distinguish between money the country desperately needs and money a billionaire would much rather keep.
“The second category is obviously much more urgent. We’ve actually met the billionaire concerned.”
Meanwhile, voter Simon Williams said he was reassured by Farage’s ongoing determination to challenge an establishment in which wealthy people enjoy privileged access to politicians.
“I voted Reform because I wanted someone to stand up for people like me,” he explained.
“Admittedly, I haven’t given Nigel five million quid.
“But I’m hoping he might one day introduce a policy for people who could maybe afford to buy him a pint.”
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