This morning, Nigel Farage hinted that he might put his name forward for the leadership. But whoever takes it, eventually, will be put in a peculiar position. In many respects, UKIP are well-placed for the next few years. They came second overall in the 2009 European elections; they increased their share of the vote in the general election; and – as Tim Montgomerie suggests over at ConHome – the coalition creates fresh opportunities for other parties on the right. But as they swap leaders once again, and with Lord Pearson's reign fresh in the public memory, UKIP could just as easily slide into irrelevance. Which direction it's to be will depend largely on who comes next.