Finance company owner to contest UKIP leader's seat

An owner of a Manx-based financial company says he'll stand against the leader of UKIP at the next election in the UK.

Aaron Banks owns almost a third of the Manx Financial Group, which includes Conister Bank, and is one of the party's biggest donors.

But in a political feud with its leader Douglas Carswell, Mr Banks has vowed to defeat the party's only MP in his Clacton constituency.

It's not clear whether Mr Banks would stand as a UKIP candidate or an independent.

@MarkReckless this Carswell tweet says it all. UKIP MP or not, I'll stand against him in Clacton next election! https://t.co/NjuTDITiBI

— Arron Banks (@Arron_banks) February 27, 2017