Following the announcement that Reform-led councils will block staff from joining the Local Government Pension Scheme, Deputy Leader of the party Richard Tice has told current members of the plans they will now be paid in a new digital currency called Farage Bucks.
"It's very simple," The MP for Boston and Skegness said from his home in Dubai. "Nigel's a bit of a whizz in the world of Crypto, so we've taken the council pension pots and transferred them all into a memecoin based on his image and popularity, much like President Trump. So long as he stays in the media's eye with positive stories, pensioners will keep getting paid and the value of their pots will grow much more than through traditional investments like the stock market."
In Durham, one of the ten councils now under Reform UK's control, retired council employees had mixed opinions about the new payment arrangements. "I think it's wonderful," said one person at the local working men's club. "I've even taken the contents of my ISA and put it into my pension pot, as having a million Farage Bucks means you get a framed picture of the man himself signed by one of his assistants."
Another was slightly more suspicious, "It's a bit cheeky that I have to use an exchange in the UAE owned by Isabel Oakeshott to turn my Farage Bucks into Sterling," he said. "The fact it automatically includes a 1% donation to Reform on every transaction is also a bit of an eyebrow raiser. But what else can you expect from old frog-face? Some of us have already started calling his money Baron Greenbacks."
image from pixabay
