Nigel Farage has given up ownership of Reform UK, with the party saying it wants to give more control to its members. Unlike most political parties, Reform was founded in 2018 as a private limited company, with Farage holding the majority of shares.

Nigel Farage has “handed over ownership of Reform UK to its members”, the party has said. The Clacton MP previously said that he was “relinquishing” control of the company as he pledged to “change the structure” and give members ownership of the organisation.

Eurosceptic politician Nigel Farage has given up formal control of his right-wing Reform UK party, which is currently leading in opinion polls, as he seeks to democratise its structure in a bid to win Britain's next general election.

Reform's former deputy leader says the party’s new constitution “puts Farage’s leadership in a virtually unassailable position”.

The party's growth since its founding in 2021 has been "truly extraordinary", Mr Farage said, promising that Reform UK is on course to become "the biggest political party in this country".

LONDON (Reuters) - Brexit campaigner Nigel Farage has given up formal control of his Reform UK political party, which is currently leading in opinion polls, as he seeks to professionalise the structure to help him win the next general election.