Nigel Farage has announced his return to frontline politics, announcing his candidacy for Parliament in Clacton, Essex, and his leadership of the UK Reform Party. Farage's return comes as the election campaign heats up, with the major parties unveiling their key pledges.
In his announcement, Farage promised to lead a political revolution, criticizing the country's current state and the impact of immigration on housing and living standards. “I intend to lead a political revolution. Nothing works in this country anymore. We are in decline. This will only be reversed with boldness,” he said. He positioned the Reform Party UK as the 'voice of the opposition', echoing its pivotal role in the Brexit referendum European.
Farage's move adds a new dynamic to the election, with his participation in the campaign's first seven-party debate, hosted by the BBC. The discussion will feature key figures including Penny Mordaunt, Angela Rayner and representatives from other major parties. The discussion, moderated by Mishal Hussein, is scheduled to begin at 7.30 pm and last for 90 minutes.
Farage explained that his decision to stand for election was influenced by conversations with frustrated voters who urged him to run. He expressed his guilt for not standing up for these individuals, saying, “I couldn't help but feel like I had let them down.”
Farage, who launches his election campaign at midday tomorrow, aims to revitalize political discourse and address the concerns of those who feel neglected by the current political class.
Economic reactions and expert opinions
John Chung, senior equity research analyst at… Investing insiders He commented: “Although the FTSE has not yet reacted to the news, government bond yields fell slightly on the back of the announcement. However, markets prefer a hung Parliament because policies are more difficult to pass, which gives investors and traders more certainty.” Current polls suggest this is unlikely to happen, with Labor poised for a landslide victory within a month. However, a lot can change in a month, and there is always the possibility that the poll data will be wrong if a coalition succeeds Reform and the Conservatives are already producing results, and there is a possibility that markets will react more favorably to that result than a Labor majority. After all, the previous coalition government between Cameron and Clegg returned 7.6% per annum, which is higher than any Tory prime minister. In the 2000s, excluding Sunak, moreover, Labour's record since 1986 has been dismal, producing a negative return of 0.2% per year while in government between 1997 and 2010.
Daniel Wiltshire, actuary and IFA's Wiltshire fortune He added: “This news will not move the markets.” “Labour’s victory has already been calculated, and it simply adds to the argument that the Conservatives are loyal.”
Farage's return represents an important moment in UK politics, with potential consequences for election results and future government policies. As the election campaign progresses, his influence and the response of voters and markets will be closely monitored.
