Nigel Farage announces a new pledge for a tax package described as worth £2 billion, focusing on changes aimed at small businesses. According to the reports, one central proposal would raise the VAT registration threshold to £150,000. The current threshold is described in the coverage as lower, meaning more small firms would otherwise be required to register and charge VAT once they pass the existing limit. The proposal is framed as a way to help smaller operators—including tradespeople and contractors often referred to in the reporting as “white van men”—and other small businesses avoid what the coverage characterizes as a “VAT cliff edge,” where costs and compliance obligations can increase abruptly after crossing the threshold. The articles do not provide additional policy details beyond the stated threshold increase and the headline figure for the tax cut. The pledge is presented as part of Farage’s broader effort to reduce tax burdens for smaller firms and limit sudden administrative or financial impacts tied to VAT registration.