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

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

Parliament's anti-sleaze watchdog was investigating the hard-right firebrand and long-time anti-European Union campaigner over donations from two wealthy individuals.

Farage's resignation means the probes will now be suspended.

"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.

"It's a chance to stick two fingers up to the entire establishment to frankly tell them where to go, and that is why I will be putting my name forward to stand in this by-election," he added.

Farage, who helped persuade Britons vote to leave the EU during a divisive referendum in 2016, was elected an MP at 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 led the ruling Labour party in opinion polls for over a year.

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.

Daniel Greenberg, the parliamentary commissioner for standards, is probing Farage over the non-disclosure of a £5 million ($6.6 million) donation from Thailand-based crypto-currency billionaire Christopher Harborne.

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 because it was a personal gift to pay for his own security -- a claim that Harborne, a 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.

Farage also confirmed that the commissioner was looking into allegations published in the Sunday Times this weekend that convicted fraudster George Cottrell paid for Farage's security and staff who worked on his social media shortly before he became a member of parliament.

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 prove 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".

Farage won Clacton with a majority of 8,405.

Far-right rival party Restore Britain, led by Rupert Lowe and backed by US tech tycoon Elon Musk, is expected to try to take the seat.

The by-election, the date of which is not yet set, could also be an early test for Andy Burnham, who is widely expected to become Labour's new leader and therefore prime minister later this month.

(H.Schneide--BBZ)