LONDON (Reuters) -Nigel Farage, leader of Britain’s populist Reform UK, watered down some of his pledges on Monday, saying his party could not immediately implement substantial tax cuts if it won power because of what he called the dire state of public finances.

Reform, which has maintained around a 10-point lead over the governing Labour Party in the polls for months, had pledged to cut taxes by 90 billion pounds ($121 billion) a year – a plan economists described as fanciful – if it won the next national election.

But on Monday, veteran Brexit campaigner Farage said such tax cuts could only be introduced after the party had convinced the markets it had fixed some of the British economy’s problems.

‘WE ARE BEING MATURE’

It is the latest step by Reform, better known for its sometimes c

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