Reform UK leader Nigel Farage has revealed he is giving up ownership of the party ahead of its conference this weekend. Unlike most political parties, Reform was established as a private limited company, with Farage holding the majority of shares.

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The former Brexit Party leader said he would be giving up his majority shareholder position in Reform UK Ltd, which is a registered company, unlike most other political parties

Nigel Farage to ‘relinquish’ control of Reform UK by giving up majority shares - Mr Farage said he intended to change the structure of the party – which is also a registered company – to give control to the members.

Nigel Farage has confirmed he will be giving up ownership of Reform UK ahead of its conference this weekend. Unlike other political parties, Reform was established as a private limited company with the Clacton MP holding the majority of shares.

Nigel Farage could be ousted as Reform UK's leader if more than half of members lose confidence in him, according to the party's new rulebook. The 17-page constitution, which has been drawn up by Reform chairman Zia Yusuf,