The UK Independence Party could shake off its fusty image and rebrand itself to appeal to a new generation of younger voters after the European Union referendum, Nigel Farage has suggested.

The Ukip leader wants his Eurosceptic party to appeal more to 18 to 30 year olds in a Jeremy Corbyn-style attempt to win hundreds of thousands of new supporters for the party.

His plan is to sign up young people for £3 a time on the internet, and make them Ukip "shareholders" with a veto over the party's policies.

Ukip could be well placed to see a surge in popularity if the Remain campaign win the referendum leaving a large minority of voters in the losing camp, mirroring the Scottish National Party's success in Scotland after losing the 2014 independence referendum.

This is because this group of people might find it difficult to support any of the major parties, which are all led by pro-EU party leaders.

Mr Farage said Ukip could use the referendum to launch a Jeremy Corbyn-style mass sign up of young voters for £3 a time which would transform Ukip’s membership base by making it much younger.