Summary
Two British billionaires have donated £72 million to the UK political party Reform UK, sparking debate about the rules on political donations from people living abroad. The UK government plans to limit donations from British citizens living outside the country to £100,000 per year, but this law has not yet been made official.Key Facts
- Reform UK received £72 million in donations from two crypto billionaires, Ben Delo and Christopher Harborne.
- The law currently allows unlimited donations to UK political parties from British citizens living anywhere in the world.
- The government wants to change the law to limit donations from Brits living abroad to £100,000 per year.
- The proposed law would apply retroactively starting from March 25, 2024, but it is not yet passed.
- Key details like how the government will define "living abroad" or "residency" are still being decided.
- Nigel Farage, Reform UK leader, says the donations are legal under current law but questions making them illegal retroactively.
- The government says anyone donating without limits must show a strong and ongoing connection to the UK.
- The residency rules may require things like being on the UK electoral roll or paying UK taxes.
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