At 94 per cent of GDP, UK government debt is the fourth highest among advanced European economies. With the tax burden at a record postwar high, there is increasing evidence to suggest that voters’ attitudes on public spending are hardening. Yet any political party proposing retrenchment faces the same problem: what cuts are they prepared to make that will not harm their electoral coalition? Nigel Farage offered his party’s answer to that question at a press conference this morning.

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