Farage’s Brexit Party Prepares for General Election Battle
Following an overwhelming success in the European parliamentary elections, Nigel Farage says his Brexit Party is now preparing for a general election battle it feels supremely confident of winning.
It’s fair to say that the Conservative and Labour parties were not just beaten but completely humiliated in an election that saw them ranking significantly below even the Liberal Democrats.
It seems the voting public is anxious to use the only channel available to them to voice their opinion of what has been universally deemed on of the most catastrophic of times for British politics.
That said, there were plenty of reports of obstructions to voting – mainly for British expats living abroad who arrived at polling stations to find they had inadequate paperwork. These claims were made on Twitter under a hashtag that became viral: #DeniedMyVote. Among those unable to vote were also EU citizens living and working in the UK.
Around two hours before the time of writing this newsletter, Farage made his first announcement following his party’s election success which sees 3 MEPs taking seats in the European Parliament. In typically bombastic style, he announced that the Brexit Party is preparing to contest a general election with a full manifesto.
The announcement was met with neither shock nor surprise.
Brexit Party Claims One-Third of Votes in European Parliamentary Elections
The nascent grouping won a substantial majority of votes in the European parliament election despite forming just weeks ago. As the rout of the Tories and Labour became clear on Monday morning Mr Farage piled on the pressure.
He told BBC Radio 4’s Today programme: ”The next date is 31 October. That will become as big a day in people’s minds as 29 March and all I can say is this: if we don’t leave … then you can expect to see the Brexit Party’s success last night continue into the next general election.”
Asked if he would join forces with a no-deal-supporting Tory leader in any general election, Mr Farage said instead that he wanted his new group to have a seat at the negotiating table before the UK’s planned exit in the autumn.
“I absolutely insist that we do have a mandate to now be part of that team. I want the Brexit Party – we’ve got some businessmen and women of considerable experience, quite happy to help the government get ready for 31 October,” he said.
Pressed further, he added that “whatever any Conservative leader says, why would I believe them? We’ve heard it all before”. He did not believe the Tories would come out with such an unambiguous no-deal message, he said, refusing to be drawn on whether he would oppose the party if it did so.
On his election plans, he added: “I’m not pretending that to set up the infrastructure to fight 650 seats perhaps for an October election is easy, but that work starts this afternoon.”
Green Party beats Tories into fifth as ‘wave’ of support sweeps EU
It came after a dire showing for both the Tories and Labour, who lost 14.9 and 11.3 per cent of their vote share respectively amid anger over Brexit – on both the Leave and Remain sides.
The Green Party and Liberal Democrats, who both advocate staying in the EU saw a surge in support. The former saw their best results since 1989, with Green groups across Europe combining to take about 10 per cent of the whole parliament. Combined, the two parties received 32.4 per cent of the vote compared with 31.6 per cent for the Brexit Party.
Poll expert Professor Sir John Curtice commented that “the overall message is that this country is deeply divided over Brexit and more or less still evenly divided”.
He added that people were still “deeply polarised and also deeply exercised”, with turnout up and people using the poll to express their views – either in favour of a hard exit or a second referendum and potentially stopping Brexit.
CHOOSING THE SAFEST OPTIONS FOR YOUR INVESTMENTS AND SAVINGS
There is still no likelihood of any stability in the near future neither in the UK or the EU. With the focus on the UK, it is easy to ignore the mess that the EU is in economically and how the sudden withdrawal of Britain’s investment will impact it even more. From an investor’s point of view, it’s almost too risky looking for opportunities anywhere at the current time.
However, that can sometimes be a very narrow view to take as there are always anomalies when there’s economic uncertainty. In fact, when there’s market volatility, more millionaires are created than at other times in economic cycles. That said, it is definitely not a time to be greedy in terms of expecting high returns without any risk exposure. These opportunities seem to exist everywhere but they are absolutely worth avoiding, particularly if you are investing for a particular milestone such as buying a home, funding university or retirement.
At Investor Live, we are always looking for the kind of anomalies that represent safe and sound investments when there’s any kind of instability. From my point of view, it is important that the opportunity to cherry-pick exciting investments with a low-risk profile is not restricted only to those with bulging bank accounts. I represent the “normal” investor and on that basis, any recommendations I make are purely based on independent judgement.
Fixed income opportunities that are backed by tangible assets are the safest possible option for your investment strategy at the current time. You want to be sure you’ll be receiving a determined amount back for your investment and that there’s something underpinning it of significant value. One of the things to consider is not how much the asset you’re invested in is worth but how much of it is owned by the issuer behind the investment opportunity.
Investment over the short-term is always a better idea when markets are volatile and there are a few opportunities to enter the British hotel and hospitality sector for 1- to 2-year terms. One such opportunity comes from Liverpool-based hotelier Signature Living which has a proprietary investment vehicle called a Secured Partnership Investment (SPI). You can find out more about how to invest in this award-winning hotel brand that is rapidly expanding its portfolio of heritage hotels by contacting Investor Live.
About the Author
Amanda Wright is a former risk analyst at Bankers Trust, with specific experience of mergers & acquisitions and corporate finance. As a contributor to Investor Live, Amanda provides valuable insights into the technicalities of fundamental analysis in a way that is easy to understand, to provide retail investors with the tools to make considered investment choices.