Nigel Farage Speech Soundbites - UKIP Leadership Announcement

The transcript discusses the political landscape, highlighting the Conservatives' lead over Labour in opinion polls. It emphasizes the importance of a significant electoral threat to prevent the dilution of referendum outcomes, stressing that such a threat is crucial to maintaining the integrity of what was voted for.

What does the speaker mean by 'significantly watered down' in the context of the referendum?

What must not be allowed to happen according to the speaker?