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☆ Populist Brexiteer Nigel Farage wins first-ever seat in British parliament
▼ + stars: | 2024-07-05 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

Populist politician Nigel Farage has won his first-ever seat in the U.K.'s parliament as he looks to shake up the country's politics with his right-wing Reform UK party. The win by the infamous Brexiteer follows seven failed attempts to become a member of British parliament, although he has served as a (pro-Brexit) member of the European Parliament. The result comes amid a surprisingly strong election performance by Reform UK, which has a hardline stance on immigration and was born out of the Brexit Party. Exit polls indicate that the party could secure 13 parliamentary seats — quite the feat given that it failed to win any in the 2019 vote. This is a breaking news story and will be updated shortly.

Persons: Nigel Farage Organizations: Reform, Parliament, Reform UK, Brexit Party

One of the biggest surprises of Britain's election night so far has been the gains seen by the right-wing Reform UK party, which is forecast to win numerous parliamentary seats and has logged a strong showing in early results. Early results also pointed toward strong gains. Six constituencies had been called as of 1 a.m. London time, with Reform in second place with 23.8% of the vote. In a video posted on X titled: "The revolt against the establishment is underway," Farage said the gains his party has seen so far are "almost unbelievable." It means we're going to win seats, many, many seats," he said.

Persons: Brexiteer Nigel Farage, Farage Organizations: Reform Locations: London

☆ CNBC Daily Open: UK Labour landslide election victory
▼ + stars: | 2024-07-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. UK Labour wins landslide victoryThe center-left Labour Party has won a landslide victory, ending 14 years of Conservative rule. Samsung shares climbed 2.84%, hitting their highest level since January 2021. Here are Evercore ISI's best stock ideas for the second half.

Persons: Keir Starmer's, Tony Blair's, Rishi Sunak, Brexiteer Nigel Farage, jeopardizing, Korea's Kospi, nonfarm payrolls, Saks, Neiman Marcus, Bergdorf Goodman Organizations: New York Stock Exchange, CNBC, Labour, Labour Party, Conservative, Keir Starmer's Labour, Party, Nikkei, Samsung, Samsung Electronics, CSI, S3 Partners, Saks Fifth, HBC, Saks, ISI Locations: May's

☆ UK's populist right-wing party surges in popularity on Brexiteer Nigel Farage's return
▼ + stars: | 2024-06-06 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Reform UK party leader Nigel Farage walks to speak to supporters as he launches his election candidacy at Clacton Pier on June 4, 2024 in Clacton-on-Sea, England. Labour is expected to win 40% of votes to the Conservatives' 19% and Reform's 17%, the online polling showed. Farage's surprise return as Reform leader on Monday dealt a deadly blow to the party, threatening to steal a significant share of votes on the right. In the 2019 election, his then-Brexit Party agreed not to field candidates in hundreds of seats to safeguard a Conservative win. The announcement hurts Sunak's earlier efforts to win right-wing votes by hardening the Tories' stance on migration and the U.K.'s membership of the European Convention on Human Rights.

Persons: Nigel Farage, Rishi Sunak's, Farage, — Organizations: Clacton Pier, Reform, Sky News, Labour, Conservatives, Conservative, Brexit, Tories, Brexit Party, European, Human Rights Locations: Clacton, England, London

☆ Rwanda bill: UK passes controversial bill to send asylum seekers to East Africa after two years of challenges
▼ + stars: | 2024-04-22 | by ( Luke Mcgee | ) edition.cnn.com time to read: +5 min

CNN —The UK parliament has finally passed a contentious bill that will allow the government to send asylum seekers to Rwanda for their claims to be considered by the East African nation. In theory, the legislation will see some landing in the UK sent to Rwanda where their asylum claim will be considered. And it makes clear that the UK Parliament is sovereign, giving the government the power to reject interim blocking measures imposed by European courts,” he added. The European court has previously barred it from sending asylum seekers to Rwanda. To date, the Rwanda policy has cost the British government £220m ($274m), and that figure could rise to £600m after the first 300 people have been sent to East Africa.

Persons: Rishi Sunak’s, Sunak, ” Refoulement, Bill, James, Rwanda Bill, –, Rishi Sunak, Toby Melville, Nigel Farage – Organizations: CNN, East, of Human, European Convention of Human Rights, Commons, Sunak, University of Oxford, Conservative Party, Reform UK, Labour Party Locations: Rwanda, United Kingdom, France, ”, East Africa

☆ UK tightens rules over bank account closures after 'debanking' criticism
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 20 (Reuters) - Banks in Britain will be forced to explain and delay any decision to close an account under new rules announced by the finance ministry on Thursday. "The government has stepped in to address fears that banks are terminating accounts because they disagree with someone’s political beliefs," the Treasury said in a statement. On Wednesday, the Financial Conduct Authority said it was talking to NatWest about the handling of Farage's accounts. Under the new rules, banks will need to explain any closure and customers will be given more time - 90 days - to challenge a decision through the Financial Ombudsman Service, or find a replacement bank, the Treasury said. Reporting by William James, Editing by Kylie MacLellanOur Standards: The Thomson Reuters Trust Principles.

Persons: Nigel Farage, Banks, Andrew Griffith, William James, Kylie MacLellan Organizations: Treasury, Financial, Authority, NatWest, Financial Ombudsman Service, Thomson Locations: Banks, Britain

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