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Nigel Farage has announced he will stand as a candidate in Clacton, Essex, for Reform UK in the general election on 4 July.

Last week, he ruled out putting himself forward, instead promising to help what was Richard Tice’s party as it campaigned across the country.

But speaking at a news conference on Monday, Mr Farage announced the U-turn, and also confirmed he would take over from Mr Tice as leader of Reform for at least the next five years.

Politics live: Farage to stand and take over as Reform leader

Mr Farage claimed he had a “terrible sense of guilt” for not putting himself forward when the election was called, saying he felt he was “letting [his supporters] down”.

He then described how he had a “normal day” on Sunday to “reflect” on his decision, where he “walked the dog, did some fishing, popped in the pub”, and then made his choice.

More on General Election 2024

Read more: All you need to know about Nigel Farage

“I’ve changed my mind,” the leader said. “It’s allowed you know, it’s not always a sign of weakness. It could potentially be a sign of strength.

“So I am going to stand in this election. I’ll be launching my candidacy at midday [on Tuesday] in the Essex seaside town of Clacton.”

Mr Farage added: “I can’t turn my back on the people’s army. I can’t turn my back on those millions of people who followed me, believed in me despite the horrendous things that were being said about me.”

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There had been questions hanging over what role Mr Farage would play in the election, whether that be as a candidate to stand against the Tories or whether he could broker an election pact with Rishi Sunak.

But his decision is sure to worry those on the right of the Conservative Party, who fear they could lose some traditional voters to Reform UK – especially with Mr Farage at the helm.

It may also allow him to take part in some of the wider television debates, seen as key for smaller parties to get their messages across to the electorate.

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Earlier, Mr Sunak downplayed the impact Mr Farage could have if he chose to stand as an election candidate, telling reporters: “One of two people will be prime minister – either Keir Starmer or me.

“A vote for anyone who’s not a Conservative candidate is just a vote to put Keir Starmer in Number 10.”

But the deputy leader of the Liberal Democrats, Daisy Cooper, accused the Tories of “already becoming the mirror image of Nigel Farage’s Reform”, and said Mr Sunak’s “constant pandering” to the party had “horrified former lifelong Conservative voters in the centre ground”.

She added: “Sunak must show some backbone and rule out Farage ever joining the Conservative Party in future, including if he gets elected to be an MP.”

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Farage called out for ‘blanket accusation’

Going on the attack in his speech, Mr Farage said the current election contest was the “dullest, most boring campaign we have ever seen in our lives”, accusing Mr Sunak and Sir Keir Starmer of “sounding the same”.

Mr Farage said: “There is a rejection of the political class going on in this country in a way that has not been seen in modern times.

“So the really big message here is what I’m really calling for, and what I intend to lead is a political revolt… a turning of our backs on the political status quo. It doesn’t work.

“Nothing in this country works anymore. The health service doesn’t work, the roads don’t work, none of public services are up to scratch. We are in decline and this would only be turned around with boldness.”

He added: “Make no mistake, we are unashamedly patriotic. We believe that it’s right to put the interests of British people first.

“We believe Brexit needs to be implemented properly and we are going to be the voice of opposition. And I tell you what, I’ve done it before. I’ll do it again. I’ll surprise everybody.”

The Conservatives held the seat of Clacton at the last election with a majority of almost 25,000 – when Mr Farage and the Brexit Party stood down their candidates in a number of seats to help Boris Johnson with his “get Brexit done” campaign.

But the seaside town was previously held by UKIP when then Tory MP Douglas Carswell defected to the party and held a by-election.

He then kept hold of the seat in the 2015 vote, before the Tories won it back in the snap election of 2017.

The other candidates standing in Clacton are:

• Matthew Bensilum, Liberal Democrats

• Natasha Osben, Green Party

• Jovan Owusu-Nepaul, Labour Party

• Giles Watling, Conservatives

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Crypto’s path to legitimacy runs through the CARF regulation

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Crypto’s path to legitimacy runs through the CARF regulation

Crypto’s path to legitimacy runs through the CARF regulation

The CARF regulation, which brings crypto under global tax reporting standards akin to traditional finance, marks a crucial turning point.

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Tokenized equity still in regulatory grey zone — Attorneys

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Tokenized equity still in regulatory grey zone — Attorneys

Tokenized equity still in regulatory grey zone — Attorneys

The nascent real-world tokenized assets track prices but do not provide investors the same legal rights as holding the underlying instruments.

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Rachel Reeves hints at tax rises in autumn budget after welfare bill U-turn

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Rachel Reeves hints at tax rises in autumn budget after welfare bill U-turn

Rachel Reeves has hinted that taxes are likely to be raised this autumn after a major U-turn on the government’s controversial welfare bill.

Sir Keir Starmer’s Universal Credit and Personal Independent Payment Bill passed through the House of Commons on Tuesday after multiple concessions and threats of a major rebellion.

MPs ended up voting for only one part of the plan: a cut to universal credit (UC) sickness benefits for new claimants from £97 a week to £50 from 2026/7.

Initially aimed at saving £5.5bn, it now leaves the government with an estimated £5.5bn black hole – close to breaching Ms Reeves’s fiscal rules set out last year.

Read more:
Yet another fiscal ‘black hole’? Here’s why this one matters

Success or failure: One year of Keir in nine charts

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Rachel Reeves’s fiscal dilemma

In an interview with The Guardian, the chancellor did not rule out tax rises later in the year, saying there were “costs” to watering down the welfare bill.

“I’m not going to [rule out tax rises], because it would be irresponsible for a chancellor to do that,” Ms Reeves told the outlet.

More on Rachel Reeves

“We took the decisions last year to draw a line under unfunded commitments and economic mismanagement.

“So we’ll never have to do something like that again. But there are costs to what happened.”

Meanwhile, The Times reported that, ahead of the Commons vote on the welfare bill, Ms Reeves told cabinet ministers the decision to offer concessions would mean taxes would have to be raised.

The outlet reported that the chancellor said the tax rises would be smaller than those announced in the 2024 budget, but that she is expected to have to raise tens of billions more.

It comes after Ms Reeves said she was “totally” up to continuing as chancellor after appearing tearful at Prime Minister’s Questions.

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Why was the chancellor crying at PMQs?

Criticising Sir Keir for the U-turns on benefit reform during PMQs, Conservative leader Kemi Badenoch said the chancellor looked “absolutely miserable”, and questioned whether she would remain in post until the next election.

Sir Keir did not explicitly say that she would, and Ms Badenoch interjected to say: “How awful for the chancellor that he couldn’t confirm that she would stay in place.”

In her first comments after the incident, Ms Reeves said she was having a “tough day” before adding: “People saw I was upset, but that was yesterday.

“Today’s a new day and I’m just cracking on with the job.”

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Reeves is ‘totally’ up for the job

Sir Keir also told Sky News’ political editor Beth Rigby on Thursday that he “didn’t appreciate” that Ms Reeves was crying in the Commons.

“In PMQs, it is bang, bang, bang,” he said. “That’s what it was yesterday.

“And therefore, I was probably the last to appreciate anything else going on in the chamber, and that’s just a straightforward human explanation, common sense explanation.”

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