This is a proposal by Richard Corbett (PSE) which has not yet passed. It is opposed by a lot of parties in the European Parliament.
Besides, the eurosceptics would not be banned. They would just require more Members of European Parliament to count as a group within the EP. Given that the EP has 785 members, a requirement of 30 MEPs would be a threshold of 3.8%.
I do oppose Corbett's proposal. But this is typical over the top reporting by the British press.