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Reform UK Receives Record £36m Donation from Crypto Billionaire
Confirmed
In Short: Reform UK has received a record-breaking £36m donation from a British cryptocurrency billionaire, despite ongoing scrutiny over foreign funding allegations.
Reform UK has received a record-breaking £36m donation from a British cryptocurrency billionaire, according to reports. The donation, which is the largest single donation ever given to a UK political party, comes as the party faces ongoing scrutiny over foreign funding allegations. The donation was made by Delo, who has previously donated £4m to Reform UK and has stated his intention to move back to the UK to support the party.
Reform UK's fundraising has been under intense scrutiny, with police announcing an investigation following a Channel 4 News broadcast. The party has faced criticism for its financial practices, with Labour spokespersons calling Reform UK out for "sleaze, criminal mates, and dodgy finances." The donation from Delo, while significant, has not been without its own set of questions, as the party continues to navigate the complex landscape of political funding in the UK.
Despite the controversy, Reform UK has defended the donation, with a spokesperson for the party stating that it is a sign of support for the party's goals and aspirations. The donation comes as the party prepares for potential future elections and seeks to build its financial base. However, the ongoing investigation and criticism from Labour suggest that the party will continue to face challenges in the coming months.
What's confirmed
- Reform UK has received a record-breaking £36m donation from a British cryptocurrency billionaire, according to reports. The donation, which is the largest single donation ever given to a UK political party, comes as the party faces ongoing scrutiny over foreign funding allegations. The donation was made by Delo, who has previously donated £4m to Reform UK and has stated his intention to move back to the UK to support the party.
- Reform UK's fundraising has been under intense scrutiny, with police announcing an investigation following a Channel 4 News broadcast. The party has faced criticism for its financial practices, with Labour spokespersons calling Reform UK out for "sleaze, criminal mates, and dodgy finances." The donation from Delo, while significant, has not been without its own set of questions, as the party continues to navigate the complex landscape of political funding in the UK.
- Despite the controversy, Reform UK has defended the donation, with a spokesperson for the party stating that it is a sign of support for the party's goals and aspirations. The donation comes as the party prepares for potential future elections and seeks to build its financial base. However, the ongoing investigation and criticism from Labour suggest that the party will continue to face challenges in the coming months.
What's still developing
- Delo said he was donating £1m a month between now and the latest date Labour could call a general election in 2029 - but that he would give all the money up front in case the government tried to limit mega-donations in future.
- Nigel Farage tells BBC he 'wasn't listening' during foreign donor talks filmed undercover Why Reform UK undercover donations claims are legally complicated Reform's fundraising has been under scrutiny with police announcing an investigation over allegations it broke foreign funding laws, following a broadcast by Channel 4 News last week.
- The police inquiry is looking at donations given directly to the party by Fiona Cottrell, mother of longstanding Farage ally George Cottrell.
- Responding to the donation, a Labour Party spokesperson said Farage was "still up to his neck in scandal" and "the questions he faces aren't going away - in fact they're piling up".
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- But Labour previously introduced a £100,000 cap on donations from British citizens living overseas.
- Mr Delo, who was previously Reform UK ’s second-largest donor, has said he wants to help the party prepare for government and ensure it is given a “fair fight”.
- Mr Delo added that it took someone with a “thick skin” to financially back Reform, citing the way Mr Harborne “had been treated” following his donations.