Following the resignation of Nigel Farage – and his successor, Diane James, after only 18 days – Paul Nuttall, UKIP MEP and former deputy leader for the party, was yesterday announced to be the newly elected UKIP leader, winning the leadership contest with over 62% of the votes from party members. But does the future hold in store for Nuttall and this far-right, racist party?

When Boris Johnson, the pro-Leave Tory foreign secretary, recently promised to “make a titanic success” of Brexit, it is unlikely that he realised at the time just how apt his choice of words was. With the Office of Budgetary Responsibility (OBR), as part of yesterday’s Autumn Statement, predicting slower growth and a £122bn hole in the government’s finances as a result of Britain’s forthcoming departure from the EU, it is clear that the UK economy is heading for an iceberg.