When Nigel Farage announced he was going to make a statement on his future in public life on Tuesday morning, it sparked fevered speculation that the embattled MP was about to quit as leader of Reform.

A different narrative emerged. An angry and defiant Farage, calling himself the most “physically and verbally abused politician of modern times”, railed against the media and denied the accusations of financial wrongdoing that have dogged him over recent weeks.

Rather than quit, he has opted to stand down as an MP in Clacton and stand again in the resulting by-election, making it a referendum on the so-called Establishment attacks on him, and put a spanner in the works of any recall petition should the Parliamentary watchdog find against him over recent financial allegations.

Shorts

But the political theatre masks a difficult question that Reform has to answer – how dependent is the party on Nigel Farage?