Brexit Party leader Nigel Farage was offered a peerage 48 hours before he withdrew the party from 317 seats won by the Conservatives in the last election.
According to reports in The Mirror, Farage claimed he was offered a peerage on Friday night – just two days before his U-turn boosted the Prime Minister.
But he denied the Christmas bauble was behind his decision – and vowed to snub the offer.
The Conservatives were handed a huge election boost on Monday afternoon after Farage pulled the Brexit Party out of all constituencies they won in the last election.
Speaking at a press conference in Hartlepool he bowed to pressure following earlier warning shots fired by Arron Banks among others.
Leader of the Commons Jacob Rees-Mogg had also urged him to step aside and “leave the field”, warning that he was in danger of snatching “defeat from the jaws of victory” for the campaign to leave the EU.
Speaking at the event, Mr Farage revealed he had been offered a peerage over the weekend.
Asked by the Mirror what he had been promised in return for ditching his plan to run 600 candidates, he said: “Nothing, and I have asked for nothing. I don’t want anything.”
Asked if he was offered a peerage, he said: “I was offered one last Friday.
“Ridiculous – the thought they can buy me, a high-paid job; but I’m not interested, I don’t want to know.”
Commenting on the decision to pull out of over 300 seats, Farage said he believed his party’s decision would derail the chances of another EU vote.
“I think our action, this announcement today, prevents a second referendum from happening,” he said.
“And that to me, I think right now, is the single most important thing in our country.
“So in a sense we now have a Leave alliance, it’s just that we’ve done it unilaterally.
“We’ve decided ourselves that we absolutely have to put country before party and take the fight to Labour.”
Related: Greens stand aside to help Labour unseat Iain Duncan Smith in Chingford and Woodford Green