Zürcher Nachrichten - UK hard-right leader Farage resigns as MP to force snap vote in finances row

EUR -
AED 4.283794
AFN 76.404694
ALL 92.292072
AMD 424.393465
ANG 2.087696
AOA 1070.802708
ARS 1760.735104
AUD 1.630375
AWG 2.093781
AZN 1.949821
BAM 1.956717
BBD 2.350042
BDT 143.579145
BGN 1.978729
BHD 0.439916
BIF 3483.492514
BMD 1.166452
BND 1.48252
BOB 13.435182
BRL 6.014576
BSD 1.166772
BTN 111.271771
BWP 15.622122
BYN 3.52011
BYR 22862.454114
BZD 2.34668
CAD 1.616498
CDF 2656.592018
CHF 0.936074
CLF 0.027032
CLP 1063.921159
CNY 7.841064
CNH 7.838142
COP 3571.010352
CRC 529.359467
CUC 1.166452
CUP 30.910971
CVE 110.316708
CZK 24.099651
DJF 207.772934
DKK 7.475754
DOP 68.331443
DZD 155.202221
EGP 58.822061
ERN 17.496776
ETB 188.323257
FJD 2.585323
FKP 0.855821
GBP 0.855517
GEL 3.038604
GGP 0.855821
GHS 13.010265
GIP 0.855821
GMD 86.317081
GNF 10251.805237
GTQ 8.902096
GYD 244.109187
HKD 9.142585
HNL 31.295401
HRK 7.536795
HTG 152.640237
HUF 362.182679
IDR 20627.532579
ILS 3.47935
IMP 0.855821
INR 111.280487
IQD 1528.503338
IRR 1603375.401123
ISK 141.211275
JEP 0.855821
JMD 185.186801
JOD 0.826981
JPY 185.726527
KES 150.997021
KGS 102.006547
KHR 4722.112147
KMF 493.408948
KPW 1049.806909
KRW 1613.039923
KWD 0.360048
KYD 0.972343
KZT 534.271875
LAK 26188.050381
LBP 104485.778929
LKR 383.244563
LRD 211.766536
LSL 18.663188
LTL 3.444228
LVL 0.705575
LYD 7.387463
MAD 10.781792
MDL 20.162191
MGA 4993.297656
MKD 61.549641
MMK 2449.281265
MNT 4195.187296
MOP 9.420094
MRU 46.785531
MUR 54.555083
MVR 18.032901
MWK 2023.204956
MXN 19.765997
MYR 4.714781
MZN 74.542123
NAD 18.663188
NGN 1572.400606
NIO 42.940864
NOK 10.892163
NPR 178.041505
NZD 1.95502
OMR 0.448493
PAB 1.166837
PEN 3.915986
PGK 5.173425
PHP 71.975891
PKR 323.702789
PLN 4.305805
PYG 6994.278366
QAR 4.253394
RON 5.254513
RSD 117.367784
RUB 98.561364
RWF 1719.884029
SAR 4.383865
SBD 9.354214
SCR 15.977037
SDG 701.617697
SEK 11.069032
SGD 1.481603
SHP 0.864184
SLE 28.752828
SLL 24459.908871
SOS 666.826848
SRD 44.058632
STD 24143.195972
STN 24.512015
SVC 10.209786
SYP 15166.205421
SZL 18.661587
THB 38.184906
TJS 10.757612
TMT 4.094246
TND 3.399894
TOP 2.808536
TRY 56.105863
TTD 7.926885
TWD 37.181932
TZS 3091.094818
UAH 52.130535
UGX 4352.095885
USD 1.166452
UYU 46.902587
UZS 13741.617696
VES 914.127758
VND 30458.387848
VUV 137.992864
WST 3.168017
XAF 656.250533
XAG 0.017158
XAU 0.000252
XCD 3.152394
XCG 2.102922
XDR 0.824742
XOF 656.264605
XPF 119.331742
YER 276.571706
ZAR 18.641946
ZMK 10499.461895
ZMW 22.221225
ZWL 375.596985
  • RBGPF

    2.5700

    71.13

    +3.61%

  • CMSC

    0.1264

    21.228

    +0.6%

  • BTI

    0.5000

    56.71

    +0.88%

  • RIO

    -0.5000

    104.8

    -0.48%

  • AZN

    0.7300

    166.71

    +0.44%

  • BCE

    0.1400

    23.85

    +0.59%

  • BCC

    -0.2300

    82.24

    -0.28%

  • GSK

    -0.6300

    51.78

    -1.22%

  • BP

    -1.0200

    43.74

    -2.33%

  • RYCEF

    0.1900

    20.44

    +0.93%

  • RELX

    0.4800

    36.39

    +1.32%

  • CMSD

    0.0800

    21.06

    +0.38%

  • NGG

    0.6600

    80.42

    +0.82%

  • VOD

    0.0200

    15.98

    +0.13%

  • JRI

    -0.0100

    12.37

    -0.08%

UK hard-right leader Farage resigns as MP to force snap vote in finances row
UK hard-right leader Farage resigns as MP to force snap vote in finances row / Photo: Chris Radburn - AFP

UK hard-right leader Farage resigns as MP to force snap vote in finances row

British anti-immigrant politician Nigel Farage announced Tuesday he would resign as a member of parliament to run in a snap by-election, in a high-stakes gamble following intense scrutiny over his finances.

Text size:

The unusual move comes as Farage, whose Reform UK party leads national opinion polls, faces mounting pressure over the non-disclosure of gifts, including allegedly from a convicted fraudster.

"I've decided that the people of Clacton should be the judges of my actions," Farage said in a televised address, referring to the southeast England constituency he has represented for two years.

"This will be a people versus the establishment by-election," he added, confirming he would be putting his name forward to stand.

Parliament's anti-sleaze watchdog has been investigating the hard-right firebrand and long-time anti-European Union campaigner over the non-disclosure of a £5 million ($6.6 million) donation from Thailand-based crypto-currency billionaire Christopher Harborne.

Farage's resignation means the probe will be suspended until after the by-election.

Daniel Greenberg, the parliamentary commissioner for standards, was also facing calls to investigate allegations that George Cottrell, convicted of wire fraud in the United States, paid for security and staff for Farage shortly before he became a member of parliament.

Farage, who helped persuade Britons to vote to leave the EU during a divisive referendum in 2016, was elected an MP on his eighth attempt during the July 2024 general election.

Reform, which advocates mass deportations of illegal migrants and the scrapping of net zero energy targets, has since led the ruling Labour party in opinion polls.

Fears among Labour MPs that Reform could win the next nationwide vote, expected in 2029, ultimately led them to force Prime Minister Keir Starmer to announce his resignation last month.

Starmer said Farage's move was "a desperate stunt" by a man "up to his neck in sleaze".

New MPs are supposed to register any money they received in the 12 months before their election unless it cannot be "reasonably" seen as linked to political activities.

Farage has insisted he did not need to declare the money from Harborne because it was a personal gift to pay for his own security -- a claim that the major Reform donor, corroborated.

- 'Political tool' -

"I am the most physically and verbally attacked public figure or politician of modern times," Farage said in his defiant address, seeking to justify the donation.

Cottrell, a 32-year-old crypto entrepreneur from an aristocratic family, pleaded guilty to wire fraud in the United States in 2017 and was jailed for eight months.

Labour and the centrist Liberal Democrats had asked Greenberg to probe the latest allegations.

"I have done nothing wrong. I have not broken the law in any way at all," Farage said, claiming that parliamentary standards were "now being used as a political tool".

The standards commissioner probe could be resumed if Farage wins the by-election and returns to parliament.

A spokesperson for Andy Burnham, widely expected to become Labour's new leader and therefore prime minister later this month, branded Farage's move "a gimmick designed to distract from serious allegations about Farage's funders".

"Ultimately all it does is buy him time," Tim Bale, a politics professor at Queen Mary University of London, told AFP.

"He'll probably make it back into parliament but at that point the investigation will start up again. So he can run, but he can't hide."

Clacton is a seaside town in Essex which voted heavily in favour of Brexit. Farage won the seat with a majority of 8,405, and his party has offered to cover the cost of the by-election.

Rupert Lowe, leader of the far-right rival party Restore Britain who is backed by US tech tycoon Elon Musk, said his party would not participate in an "unnecessary sham" election.

But he said Restore would stand in "the second one, held later this year, when the investigations into Farage's finances conclude as we all suspect they will".

By-elections usually take place between 25 and 35 days following a resignation.

The Clacton ballot could also be an early test for Burnham, who is expected to enter Downing Street on 20 July.

N.Fischer--NZN