Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Posted By Global Banking and Finance Review

Posted on July 5, 2025

Featured image for article about Headlines

LONDON (Reuters) -A British lawmaker from Nigel Farage's Reform UK party, James McMurdock, has removed himself from the party pending the outcome of an investigation into allegations relating to his business propriety, the right-wing party said on Saturday.

McMurdock, one of five Reform lawmakers elected to join the UK's 650-strong parliament in the 2024 general election, will now sit as an independent, according to a statement on social media platform X from Reform's main enforcer of party discipline Lee Anderson.

While the party - led by prominent Brexit campaigner Farage - has only a handful of lawmakers compared to the governing Labour Party's 403, it leads national opinion polls and gained noticeable ground from Labour in the local elections in May.

"The allegations relate to business propriety during the pandemic and before (McMurdock) became an MP (Member of Parliament)," Anderson said in the statement. "At Reform UK we take these matters very seriously."

McMurdock did not respond to a Reuters request for comment. The Reform statement said he has agreed to cooperate with any investigation following allegations which are likely to be published by a national newspaper.

(Reporting by Muvija M; Editing by Jan Harvey)

Recommended for you

  • Thumbnail for recommended article

  • Thumbnail for recommended article

  • Thumbnail for recommended article

;