Donations of £72m make Reform’s prospects both rosier and riskier
Summary
Reform UK has received £72 million in donations from two wealthy billionaires, which is more than all major parties combined in the 2024 general election. While this large amount could improve Reform’s election chances, there are concerns about the party’s ties to rich donors and ongoing investigations into its leader Nigel Farage’s financial conduct.Key Facts
- Reform UK got two big donations of £36 million each from billionaires Ben Delo and Christopher Harborne.
- These donations exceed the combined spending of major UK parties in the 2024 general election.
- Nigel Farage’s party previously spent much less compared to Labour and Conservative parties.
- The donations could allow Reform UK to hire new staff across the UK and expand its campaign efforts.
- Both donors are cryptocurrency billionaires with overseas connections: Harborne lives in Thailand, Delo recently returned from Hong Kong.
- Opponents say Reform’s policies on crypto favor these donors and question the party’s claim of representing ordinary voters.
- Farage faces a parliamentary standards investigation over a previously undeclared £5 million donation from Harborne.
- Reform officials linked to potential law breaches on foreign donations have been suspended, and the police are investigating.
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