Nigel Farage calls for end of EU rules in UK as Rishi Sunak faces worst economic crisis since 1973

Speaking live on GB News, Mr Farage outlined several changes he would make to boost the economy

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Nigel Farage has called for the Government to simplify EU energy rules in the UK, adding that the country faces its worst economic crisis since 1973.

While economic growth is at a steady 3.6 percent this year, it is projected to drop to 1.3 percent in 2023.

Ahead of Wednesday’s Spring Statement, Mr Farage admits he’s worried about next year’s projections, before urging Chancellor Rishi Sunak to do more to boost the economy.

Speaking on Farage, the former Brexit Party leader said: “In some ways the economy is in better shape than many of us ever hoped it could be, that’s certainly from a government perspective.

Rishi Sunak
Rishi Sunak
Nigel Farage
Nigel Farage

“I say that because income, partly because rising prices, VAT means more revenue but actually tax receipts are much better than the Government had expected. Unemployment is very low, it's below four percent and many sectors are actually struggling for staff.

“Growth is also 3.6 percent this year, which is better than expected and the Government boasting they have the best in the G7, what they forget is that we had just about the worst one last year.

“But look ahead and the growth forecast is a miserable 1.3 percent for next year and expected to stay at those pitiful levels for some time. Have a look at the cost-of-living crisis, there is no doubt we are facing the worst crisis in that regard since the 1970s, since the oil shock in 1973.

“The Chancellor, we are told, is still going to stick with his growth forecasts and I’m not quite sure what he’s going to do to change any of that.

“He’s going to raise National Insurance; he may cut fuel duty but that’s all rather complicated. We already have one of the most complex tax systems in the world and it needs simplifying especially for businesses who spend far too much of their time dealing with administration.

“We need real business reform, I’m not talking about multi-national companies, I’m talking about the five-and-a-half million people out there who run their own businesses, act as sole traders.

“It is time for the Brexit dividend to be cashed in, across sector after sector there are so many EU rules that could be got rid or simplified to allow people in business to go out make money and employ people.”