Where will Nigel Farage stand in 2015?

After confirming that he will stand for a seat, the UKIP leader is likely to have his eye on Boston and Skegness.

In one of his many TV appearances over the weekend, Nigel Farage confirmed that he would stand for a seat at the next general election, so where might the UKIP leader try his luck? In 2010, he stood against John Bercow in Buckingham, but is unlikely to do so again after only finishing third (despite the three main parties standing aside to give the Speaker a free run) last time round.

UKIP didn't manage second place in any constituency, but there were three south west seats where it finished third: North Cornwall (where it won 5 per cent of the vote), North Devon (7 per cent) and Torridge and West Devon (5.5 per cent). But rather than any of these, my guess is that Farage will look to Lincolnshire, where UKIP is now the official opposition after winning 16 county council seats in the and depriving the Tories of overall control. The party performed notably well in Boston, where it won 10 of the 11 divisions after capitalising on local concern over immigration (the town has been nicknamed "Little Poland" due to its high eastern European population, the largest outside of London). 

As a result, one of the seats Farage is likely to be eyeing for 2015 is Boston and Skegness, where the party finished fourth in 2010 with 9.5 per cent of the vote (its second best result after Buckingham). There were three other Conservative-held constituencies where UKIP received more votes than the Tories on Thursday: Thanet North, Thanet South and Great Yarmouth. Any one of these is a potential target for Farage (the most marginal is Great Yarmouth, where the Tory majority is 4,276).

A study by Electoral Calculus suggested that UKIP would fail to win a seat at Westminster unless it won at least 24 per cent of the vote, but it's worth remembering that the Greens accomplished that feat with just 0.9 per cent of the vote in 2010; don't assume a uniform swing. If UKIP concentrates its resources and builds a local following in targeted constituences, it's quite possible that the Commons benches will acquire a purple tinge after 2015. 

UK Independence Party leader Nigel Farage addresses the media in central London on May 3, 2013. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Why relations between Theresa May and Philip Hammond became tense so quickly

The political imperative of controlling immigration is clashing with the economic imperative of maintaining growth. 

There is no relationship in government more important than that between the prime minister and the chancellor. When Theresa May entered No.10, she chose Philip Hammond, a dependable technocrat and long-standing ally who she had known since Oxford University. 

But relations between the pair have proved far tenser than anticipated. On Wednesday, Hammond suggested that students could be excluded from the net migration target. "We are having conversations within government about the most appropriate way to record and address net migration," he told the Treasury select committee. The Chancellor, in common with many others, has long regarded the inclusion of students as an obstacle to growth. 

The following day Hammond was publicly rebuked by No.10. "Our position on who is included in the figures has not changed, and we are categorically not reviewing whether or not students are included," a spokesman said (as I reported in advance, May believes that the public would see this move as "a fix"). 

This is not the only clash in May's first 100 days. Hammond was aggrieved by the Prime Minister's criticisms of loose monetary policy (which forced No.10 to state that it "respects the independence of the Bank of England") and is resisting tougher controls on foreign takeovers. The Chancellor has also struck a more sceptical tone on the UK's economic prospects. "It is clear to me that the British people did not vote on June 23 to become poorer," he declared in his conference speech, a signal that national prosperity must come before control of immigration. 

May and Hammond's relationship was never going to match the remarkable bond between David Cameron and George Osborne. But should relations worsen it risks becoming closer to that beween Gordon Brown and Alistair Darling. Like Hammond, Darling entered the Treasury as a calm technocrat and an ally of the PM. But the extraordinary circumstances of the financial crisis transformed him into a far more assertive figure.

In times of turmoil, there is an inevitable clash between political and economic priorities. As prime minister, Brown resisted talk of cuts for fear of the electoral consequences. But as chancellor, Darling was more concerned with the bottom line (backing a rise in VAT). By analogy, May is focused on the political imperative of controlling immigration, while Hammond is focused on the economic imperative of maintaining growth. If their relationship is to endure far tougher times they will soon need to find a middle way. 

George Eaton is political editor of the New Statesman.