Clive Palmer disbands his PUP political party

Former federal MP Clive Palmer has announced he will formally disband his self-named political party.

File image of Clive Palmer (AAP) Source: AAP

Clive Palmer is formally waving goodbye to politics and disbanding his political party.

The former Queensland MP says today's political environment is different from 2013 when the Palmer United Party was formed to oppose the federal carbon and mining taxes.

Mr Palmer also confirmed he had personally retired from politics and thanked party members and voters for supporting PUP for the past four years.