Connect with us

Published

on

Ousted Reform MP Rupert Lowe has said Nigel Farage must “never be prime minister” after leaked messages came to light reigniting the party’s internal row.

Mr Lowe, now the independent MP for Great Yarmouth, launched his latest attack on Reform’s “rotten and deceitful” leadership after a private WhatsApp conversation between Mr Farage and a party activist was leaked to the BBC.

In the messages, Mr Farage is alleged to have called Mr Lowe “disgusting” and “contemptible” after he gave an interview to the Daily Mail that was critical of his leadership.

Politics latest: PM demands ‘military plans’ for Ukraine

He also allegedly claimed that Mr Lowe’s motivation for the interview was “damaging the party just before elections – disgusting”.

In a post on social media, Mr Lowe said the alleged leaked messages “prove that he [Mr Farage] kicked me out of the party and launched this malicious witch hunt because I dared to ask reasonable questions of Reform”.

“His visceral hatred of me is evident, particularly following the Daily Mail interview,” Mr Lowe continued.

More on Nigel Farage

“Farage has admitted himself, in writing, that the motivation behind my removal was the Daily Mail interview, in
which I raised reasonable and constructive questions of Reform structure, policy and communication – following
months of pushing for change behind the scenes.

“That interview is why they designed and launched their horrific smear campaign against my name. It is evil behaviour.

“Nigel Farage must never be prime minister. All I have done is tell the truth, and I will continue to do so.”

The row erupted after Mr Lowe’s interview with the Daily Mail, in which Mr Lowe said it was “too early to know” if Mr Farage will become prime minister and warned Reform remains a “protest party led by the Messiah” under the Clacton MP.

He also claimed that he was “barely six months into being an MP” himself and “in the betting to be the next prime minister”.

Reform UK then announced that it had referred the Great Yarmouth MP to police and suspended him, alleging he made “verbal threats” against chairman Zia Yousaf.

The Met has launched an investigation into these claims, which Mr Lowe has vehemently denied.

Reform has also claimed it has received complaints from two female employees about serious bullying in Mr Lowe’s constituency office – which the MP has also strenuously denied, saying they do not relate to him and were made by staff who themselves faced disciplinary action.

On the allegations against the employees in his constituency office, Mr Lowe said he would “not be engaging” with the Reform “investigation”, arguing they were “blatantly vexatious complaints” made by former employees who themselves “admitted serious offences” and were subject to disciplinary processes.

“There is no credible evidence of any ‘bullying’ by anybody, because there was none,” he wrote in his social media post. “This has been weaponised in a desperate attempt to smear my name.”

Read more:
Starmer defends ‘vital’ benefit cuts
New rules may stop unlimited Reform donations from Musk

He added: “If am contacted by the independent parliamentary authorities, I will fully cooperate with them. I have heard nothing from any relevant parliamentary body, nor have my team”.

Last week Sky News reported that Mr Lowe is consulting lawyers about taking possible libel action against Reform UK, for making “untrue and false allegations” about him.

Mr Lowe, the former chair of Southampton Football Club, has not ruled out joining the Conservatives or another political party.

Mr Farage has said there is “no way back” for the suspended MP and has accused him of being “out to cause maximum damage” to Reform UK.

Sky News has approached Mr Farage for comment.

Continue Reading

Politics

Prediction markets bet on Coinbase-linked Hassett as top Fed pick

Published

on

By

Prediction markets bet on Coinbase-linked Hassett as top Fed pick

Prediction markets Polymarket and Kalshi view Kevin Hassett, US President Donald Trump’s National Economic Council director, as the favorite to replace Jerome Powell as the next Federal Reserve chair.

The odds of Hassett filling the seat have spiked to 66% on Polymarket and 74% on Kalshi at the time of writing. Hassett is widely viewed as crypto‑friendly thanks to his past role on Coinbase’s advisory council, a disclosed seven‑figure stake in the exchange and his leadership of the White House digital asset working group.​

Founder and CEO of Wyoming-based Custodia Bank, and a prominent advocate for crypto-friendly regulations, Caitlin Long, commented on X:

“If this comes true & Hassett does become Fed chairman, anti-#crypto people at the Fed who still hold positions of power will finally be out (well, most of them anyway). BIG changes will be coming to the Fed.”

Source: Polymarket Money

Related: Crypto-friendly Trump adviser Hassett top pick for Fed chair: Report

Kevin Hassett’s crypto credentials

Hassett is a long-time Republican policy economist who returned to Washington as Trump’s top economic adviser and has now emerged as the market-implied frontrunner to lead the Fed.

His financial disclosure reveals at least a seven‑figure Coinbase stake and compensation for serving on the exchange’s Academic and Regulatory Advisory Council, placing him unusually close to the crypto industry for a potential Fed chair.​

Still, crypto has been burned before by reading too much into “crypto‑literate” resumes. Gary Gensler arrived at the Securities and Exchange Commission with MIT blockchain courses under his belt, but went on to preside over a wave of high‑profile enforcement actions, some of which critics branded as “Operation Chokepoint 2.0.”

A Hassett-led Fed might be more open to experimentation and less reflexively hostile to bank‑crypto activity. Still, the institution’s mandate on financial stability means markets should not assume a one‑way bet on deregulation.​

Related: Caitlin Long’s crypto bank loses appeal over Fed master account

Supervision pushback inside the Fed

The Hassett odds have jumped just as the Fed’s own approach to bank supervision has received pushback from veterans like Fed Governor Michael Barr, who earned his reputation as one of Operation Chokepoint 2.0’s key architects.

According to Caitlin Long, while he Barr “was Vice Chairman of Supervision & Regulation he did Warren’s bidding,” and he “has made it clear he will oppose changes made by Trump & his appointees.”

On Nov. 18, the Fed released new Supervisory Operating Principles that shift examiners toward a “risk‑first” framework, directing staff to focus on material safety‑and‑soundness risks rather than procedural or documentation issues.

In a speech the same day, Barr warned that narrowing oversight, weakening ratings frameworks and making it harder to issue enforcement actions or matters requiring attention could leave supervisors slower to act on emerging risks, arguing that gutting those tools may repeat pre‑crisis mistakes.​

Days later, in Consumer Affairs Letter 25‑1, the Fed clarified that the new Supervisory Operating Principles do not apply to its Consumer Affairs supervision program (an area under Barr’s committee as a governor).

If prediction markets are right and a crypto‑friendly Hassett inherits this landscape, his Fed would not be writing on a blank slate but stepping into an institution already mid‑pivot on how hard (and where) it leans on banks.