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Nigel Farage has given up ownership of the UK reforms and created a new structure for his political suit right, according to the corporate subtitles, as he seeks to professionalize the party ahead of the local elections in May.
The existing LTD Reform Party, owned by Farage, and Deputy Richard Ticea will take over a newly registered job called Reform 2025 LTD, according to the companies.
The new subject states Fakage Party president Ziauddin Yusuf also as directors, but not significantly “a person with significant control,” the application is submitted.
The new company is a private company limited by a warranty without share capital, which means there is no owner.
Yusuf told the Financial Times that a new structure was “an important step in the professionalization of the party.”
Change indicates a deviation from the unusual management structure of the right -wing populist party. Farage founded Reform As a company in 2018, he owned more than 50 percent of the shares.
Even when Farage stepped down from the frontline policy ahead of the 2024 general elections, he remained the director and majority shareholder of the company.
This move progresses the efforts of Farage to present reform as a credible and professional means of power, withdraw the difference between his time as the leader of the Brexit party and the British Independence Party, which were full of fights and scandals.
Farage said earlier this month that “there is no one that is resolved by the ownership of the party from me.”
“I still have this great responsibility around my neck. If everything goes wrong or sue for millions, I am raising the bill,” he added.
UK Reform grown in surveys of opinion In recent months, and now the most popular party is about 26 percent of public support, according to Politic’s poll survey, with 25 percent and conservatives at 21 percent.
Local elections in May will be the first test of whether current public support of reform can be turned into electoral success.
Reform membership recently surpassed 200,000, according to his website, compared to 131,680 declared conservatives in November and about 370,000 for the Labor Party.
Political parties in the UK are traditionally formed as former associations composed of membership and not established as corporate subjects. Their rules are usually exhibited in the written constitution, while in foreign affairs the committee selected by the members.
The UK reform sent its new Constitution, which Farage claimed that the ownership of the party would give members, an election commission, which officially approved a new party on Thursday.
Ben Habib, a former deputy reform leader who has long invited the party to restructure, said Thursday: “I am delighted with the campaign I have fought for the democratization of reform in the UK.”
However, he said that the new Constitution was “wrong” and “puts Farage’s leadership in an almost unusual position.”
