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    Home > Headlines > UK populist Reform party attracts latest Conservative defector
    Headlines
    UK populist Reform party attracts latest Conservative defector

    Published by Global Banking and Finance Review

    Posted on January 18, 2026

    2 min read

    Last updated: January 19, 2026

    UK populist Reform party attracts latest Conservative defector - Headlines news and analysis from Global Banking & Finance Review
    Tags:Brexitfinancial sectorUK economypolitical risk insurancefinancial community

    UK populist Reform party attracts latest Conservative defector

    LONDON, Jan 18 (Reuters) - Britain's populist Reform UK party won another defector from the country's once dominant Conservative Party on Sunday, attracting lawmaker Andrew Rosindell, part of the Conservatives' foreign policy team, who said it was time "to put country before party".

    With Reform UK well ahead in the opinion polls before a national election due in 2029, Rosindell is one of more than 20 serving or former Conservative lawmakers to switch to the party led by veteran Brexit campaigner Nigel Farage. His move gives Reform seven seats in the 650-seat parliament.

    Rosindell announced his resignation from his position and from the party "with sorrow" on X, saying "the failure of the Conservative Party both when in government and more recently in opposition" to challenge Prime Minister Keir Starmer's decision to cede sovereignty of the Chagos Islands to Mauritius was "a clear red line for me".

    "Both the government and the opposition (Conservatives) have been complicit in the surrender of this sovereign British territory to a foreign power," he said.

    The Chagos deal allows Britain to retain control of a strategically important U.S.-UK air base on Diego Garcia, the largest island of the archipelago in the Indian Ocean, under a 99-year lease.

    Farage, who welcomed former Conservative leadership candidate Robert Jenrick to his party on Thursday, said in a statement that Rosindell would be "a great addition to our team".

    (Reporting by Elizabeth Piper; Editing by Paul Simao)

    Frequently Asked Questions about UK populist Reform party attracts latest Conservative defector

    1What is Brexit?

    Brexit refers to the United Kingdom's decision to leave the European Union, which was finalized on January 31, 2020. This decision has significant implications for trade, immigration, and various sectors of the UK economy.

    2What is the financial sector?

    The financial sector encompasses a range of businesses and institutions that provide financial services, including banks, investment firms, insurance companies, and real estate firms, facilitating transactions and managing assets.

    3What is a financial community?

    A financial community consists of individuals and organizations involved in the financial services industry, including banks, investors, regulators, and financial professionals, who interact and collaborate on financial matters.

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