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Why Reform is Thatcherism on stilts

Britain is facing the return of Thatcherism on stilts under Nigel Farage’s Reform Party

Martin Roche by Martin Roche
22-05-2026 17:01
in Opinion, Politics
Reading Time: 6 mins read
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Images shows the Reform UK logo on the left, an equals sign with a ? over it in the middle and Margaret Thatcher on the right hand side

image by Bylines team. Used with permission

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Brexit was phase one of Nigel Farage’s plan to turn the UK into a society where the rich are lionised, the size of the state is slashed and wholesale deregulation favours big business, so reducing the agency ordinary people have over their lives and communities. A facsimile indeed of Donald Trump’s America. 

Phase two of Farage’s grand plan arrived across the UK on Thursday 7 May, when the Reform Party ended the era of two-party dominance in England and shared second place with Labour in the newly elected Scottish Parliament. 

Those of us who are old enough, can take our minds back 40 years to the deindustrialisation brought to us by Margaret Thatcher. Her decimation of the heavy ‘smokestack’ industries at the heart of the Scottish economy brought widespread misery and a continuing legacy of towns that have never fully recovered. It is a terrible irony that in those very places, Reform, the inheritors of Thatcher’s free market creed, were given thousands of votes, 

It is a worse irony that the British political Right, having in the 1980s and ’90s shunned manufacturing as old fashioned, now blame the globalisation they actively promoted for the loss of manufacturing from the commanding heights of the UK economy. 

Countless British manufacturing businesses, that employed millions of men and women, were obliterated by Thatcher’s policies. The markets and jobs that were lost had to go somewhere. They went mainly to Asia. 

All things to all voters

Nigel Farage was a member of Margaret Thatcher’s Conservative Party. In 2018, Farage said of the Thatcher years:

“It was painful for some people, but it had to happen.”

Tell that to the people in Glasgow, Greenock, Galashiels, Motherwell, Clydebank and a dozen more places struggling with lack of industry, low wages and now deeply rooted social problems. 

So far, Farage’s Reform has succeeded in convincing many people that it can be all things to all voters. It’s saying to the world it offers a new kind of politics, free of ideology and of the class and wealth divisions that have haunted British democracy since universal suffrage brought us mass voting. 

In its Scottish manifesto, Reform wrote:

“Reform UK offers a bold alternative: a radical overhaul to cut waste, lower taxes, boost private enterprise and restore our healthcare, education and infrastructure to being the best in the world.” 

The document promised: 

“We will use our first two budgets to abolish the many cliff edges in the tax system that punish people for working more and creating value for their families and communities.”

This is what the Thatcher’s Conservative Party manifesto said in 1979, the year she won power:

“We shall cut income tax at all levels to reward hard work, responsibility and success; tackle the poverty trap; encourage saving and the wider ownership of property; simplify taxes, like VAT; and reduce tax bureaucracy. It is especially important to cut the absurdly high marginal rates of tax both at the bottom and top of the income scale.” 

Reform’s list of promises included:

“Our economic plan, particularly the cap on marginal tax rates of over 50%, will go a long way to make sure that work always pays, as will the new job opportunities created by a growing economy.”

Reform mirroring Thatcher’s “trickle down”

This sounds like a mirror of the Thatcherite belief that wealth “trickles down” from the wealthy to the less well off because more overall wealth is created when the rich pay less tax, which makes them more entrepreneurial because they have more capital to invest. 

Trickle-down theory holds that as the economic cake gets bigger everyone’s income rises. The notion has been universally discredited. What we have seen over the past 40 years is the rich getting richer and the poor and the working class getting poorer. 

Farage’s views on the European Union echo those of Margaret Thatcher. “No, no, no”, shouted Thatcher in the House of Commons in October 1990. She was dismissing proposals for greater political and economic integration in Europe. 

Thatcher though was one of the preeminent leaders behind the creation of the European Single Market (ESM) for goods and services. Launching the ESM to UK business in April 1988, she said.

“It’s your job, the job of business, to gear yourselves up to take the opportunities which a single market of nearly 320 million people will offer.

“Just think for a moment what a prospect that is. A single market without barriers – visible or invisible – giving you direct and unhindered access to the purchasing power of over 300 million of the world’s wealthiest and most prosperous people.”

Today there are over 450 million consumers in the ESM. 

That we have lost all the benefits of the ESM can be safely blamed on Farage and his wholly destructive campaign to take the UK out of the EU. 

Urgent action needed now or face Reform in government 

That Reform won seats at Holyrood is not the fault of voters. It is the fault of the other parties that have controlled Westminster for the past 40 years and Holyrood since 1999. Labour, Conservative, and to a lesser extent, the SNP, have simply not done enough to improve the lives and life chances of the ordinary citizen. 

There’s been lots of wringing of hands and the balm of new sports centres, town centre regeneration plans and shiny new schools and new universities, but the fundamentals of growing poverty, static wages, soaring property costs and low-quality jobs remain. 

Now, action is urgent. Failing to act now, in London and Edinburgh, will deliver Farage’s Thatcherism on stilts at the next UK general election.


Originally published in The Scotsman on 14th May

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Martin Roche

Martin Roche

Aged 15, Martin began his working life on a Scottish evening newspaper. He then ran his family business before reading politics and international relations at Aberdeen University, as a mature student. He worked in London in investment promotion attraction for Scottish development agencies, followed by a 35-year career in international PR consultancy. He has been a columnist on African Leadership magazine, commenting on geopolitics, a regular contributor to foreign direct investment media and has written for business publications worldwide. He recently returned to Scotland. He lives in Glasgow.

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