Politics

Support for Reform slashed following Farage’s crypto controversy

Published

2 days ago

16 April 2026

NewsAdmin

With the local elections fast approaching, Reform would ideally like to see their polling go up. Instead, they just lost a sixth of their supporters in one week according to More in Common:

Reform drops to 25% in this weeks voting intention their lowest since April 2025. They lead the Tories by 3 & Labour by 4
REF UK 25% (-5)
CON 22% (+3)
LAB 21% (+1)
GREEN 13% (+1)
LIB DEM 12% (nc)
OTH 3% (nc)
SNP 2% (nc)
N = 2,011 | 10-13/4 | Change w/ 8/4 pic.twitter.com/DNZVf9Incv
— Luke Tryl (@LukeTryl) April 15, 2026
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This is particularly embarrassing for Reform as the pollster More in Common is linked to their party:

Well of course Miles Jones, Reform UK’s Deputy Leader in Bexley works for pollster More in Common… pic.twitter.com/xMR8nOwyq3
— Reform Party UK Exposed (@reformexposed) April 3, 2026

Reform plummet

Of course, we can’t trust polls by themselves. The fact that different pollsters get such wildly different results is testament to that. In the above, More in Common have the Greens at 13%; several other pollsters regularly have them outperforming Labour:

POLL | Reform lead by 6pts
Ref: 26% (+1)
Grn: 20% (=)
Con: 17% (=)
Lab: 16% (=)
Lib: 11% (=)
— Seats —
Ref: 323
Grn: 108
Lib: 77
Con: 48
SNP: 47
Lab: 12
Plaid: 8
Poll: @FindoutnowUK, 15 Apr (+/- vs 8 Apr) pic.twitter.com/5um8xYOZyi
— Stats for Lefties (@LeftieStats) April 16, 2026

POLL | Reform lead by 5pts
Ref: 24% (=)
Con: 19% (=)
Grn: 18% (+2)
Lab: 17% (+1)
Lib: 13% (=)
Res: 4% (=)
YP: 0% (-1)
— Seats —
Ref: 282
Grn: 91
Con: 83
Lib: 81
SNP: 47
Lab: 34
Poll: @YouGov, 12-13 Apr (+/- vs 7 Apr) pic.twitter.com/m0PQxoBh26
— Stats for Lefties (@LeftieStats) April 14, 2026

At the same time, a sudden drop with a pollster can indicate that something is amiss for a party (that or something is amiss with the pollster).

Looking at Politico’s Poll of the Polls, we can see that averaged out Reform are down six percentage points from where they were six months ago:

It’s no wonder Reform are losing support. The following are just some of the stories we’ve reported on in the runup to the local elections:

A fish rots from the head

On 13 April, Farage announced his partnership with Stack BTC. As part of this, he purchased an unseemly quantity of Bitcoin – i.e. the digital money which you can’t use to buy everyday things but you can use to scam people:

BREAKING: Nigel Farage has purchased £2m of Bitcoin for Stack BTC – becoming the first sitting MP and the first UK political party leader in history to publicly buy Bitcoin.
A landmark moment for Bitcoin in British politics.$STAK @Nigel_Farage @blockchain @kwasi_stackbtc… pic.twitter.com/O614kKe5TN
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— Stack BTC (@stackbtc_) April 13, 2026

Farage bought the crypto from a company linked to Kwasi Kwarteng – the chancellor who delivered Liz Truss’s disastrous budget (the one which led to rampant inflation we never recovered from).

Journalist Fraser Nelson accused Kwarteng and Farage of working together to generate “hype” for their own benefit:

No, Kwasi: your company gave Farage a sweetheart deal. A bonus he can exercise in just two years. Ordinary shareholders don't have this.
The penny-share nature of your firm means Farage is already ~£200k up (+93%). With crypto, hype creates value. https://t.co/maRks88jMO https://t.co/5v9a9j7m5K
— Fraser Nelson (@FraserNelson) April 13, 2026

Hype is what made crypto what it is.

The value of BitCoin kept going up because people kept buying it. Those who bought early made bank; those who bought late did not.

In other words, there was a pyramid-like shape to the affair.

Because of the nature of triangle-shaped ventures, it became harder and harder to get people to buy in. Resultantly, BitCoin’s value has plummeted in the past six months: