Nigel Farage, leader of the Reform UK party speaks at an event in London, Tuesday, May 27, 2025. (AP Photo/Alastair Grant)Nigel Farage has been accused of “fantasy economics” after Reform UK’s chairman said the party would slash up to £400 billion a year of public spending in its first term in office if it wins the next election.Zia Yusuf insisted the party could find the huge savings by cutting back on diversity, equity and inclusion (DEI) schemes, scrapping Net Zero policies and slashing quangos.Speaking on Sky News on Sunday, he said Farage was “crazy about” the plan.He said: “When was the last time you had a political leader in this country with a real shot at Downing Street, calling for £300 to £400 billion of cuts in the first term of government? “I cannot remember it inside my lifetime, he was really crazy about this. Almost all of those cuts would actually improve the lives of British people. That is the state of decay in this country.”&l