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In a series of blogs Cummings revealed that he was sounding out donors and activists with the aim of launching his new party.

"I realise I need more time to listen, learn and find my political home, one that aligns with my personal and political values.”

"Even with a few bright spots reality cannot be fooled. This is not ‘mid-term’; these results are not typical", William Atkinson wrote.

Richard Tice was bullish about his party’s performance at Thursday’s polls and said it was ‘clear that the Tories are on the way down’.

"This is a large transfer of assets from the UK to global funds, which reinforces the inexorable trend of outflows from the UK."

Politicians have raced to condemn the protest, which saw Jacob Rees-Mogg swiftly escorted away from the scene.

"This should end Ben Habib's career. It won't. But in any rational universe it would", Edwin Hayward said.

Suella Braverman missed a crucial vote in the House of Commons to attend the event in Belgium, which was shut down by police.