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Ukip’s O’Flynn quits after his Farage attack

Ukip economics spokesman Patrick O’Flynn has stepped down after admitting he should not have criticised Nigel Farage in the aftermath of the general election.

Farage quit as Ukip leader directly after the election, only to return three days later, bringing criticism from within his own party. At the time, O’Flynn described Farage as “snarling, thin-skinned and aggressive”.

O’Flynn, who also serves as an MEP for the East of England, has now admitted his remarks were inappropriate.

In a statement, O’Flynn says: “I am proud of what we achieved in the general election and am only sorry to have succumbed, as Roger [Helmer, Ukip MEP and energy and industry spokesman] put it with such impressive understatement, to public remarks that were ‘unhelpful’. 

“I think it appropriate to stand down as economics spokesman.”



10 key policies from the Queen’s speech

The Queen delivered her speech in the usual ceremony yesterday, but what are the main laws affected finance and business? The Right to Buy scheme will be extended to 1.3 million social housing tenants. As part of the Housing Bill, 200,000 starter homes will be created to help first-time buyers, with those under the age of […]

TSB store front 700 x 450

TSB launches range of products with reduced rates in year 1

TSB has launched a new range of mortgages with lower rates of interest in the first year. The idea of the “breathing space” range is to cut the outgoings for borrowers so they can use the cash saved to do up their home. It is offering products to 95 per cent direct and up to […]


Annual lending dips 4% but CML is upbeat

The slow start to the year continued in April with lending reaching an estimated £16bn – down 4 per cent on the £16.7bn advanced the previous April. According to data from the Council of Mortgage Lenders, only once in the first four months of 2015 – March – has lending been up year-on-year. However, the […]


Research shows underuse of Help to Buy 2

The Help to Buy 2 scheme is operating at just over a tenth of its capacity, according to new research that has been unveiled by mortgage insurer Genworth. Chancellor George Osborne has pledged that the scheme could enable up to £130bn of lending over three years, which is equal to £43.3bn a year. However, Genworth’s […]


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