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Politics And The Markets 05/13/25

Nigel Farage's reform, backed by Trump, Musk, triggers political earthquake

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Elon Musk has also expressed support for Reform U.K., a right-wing party on the rise in Britain.
Nigel Farage, a prominent ally of former U.S. President Donald Trump and leader of the Reform Party, secured a parliamentary seat in the U.K. election held on July 4, 2024, by defeating the Conservative Party's Giles Watling in Clacton with a margin of 8,405 votes. This victory marks a significant moment for the Reform Party, which, despite its limited success in gaining only four seats overall, managed to garner 14% of the national vote, surpassing the Liberal Democrats and positioning itself as a notable force in British politics. Farage's win and the party's performance indicate a shift in the political landscape, reflecting voter dissatisfaction with the established parties and highlighting the growing influence of populist movements.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/reform-party-trump-ally-nigel-farage-wins-tight-election-2067072 ]