2h ago
09.31 BST
Reform UK
gets £9m in donations in first quarter of 2026, including £7m from two crypto
billionaires
The
Electoral Commission has published its figures for donations to political
parties in the first quarter of 2026 and they show that Reform UK was given
£9m. Lucy White from Bloomberg was the first with the numbers.
NEW:
Reform UK has once again smashed party donation totals, raising more than £9m
in the first quarter. Boosted by another £3m from Thailand-based crypto
investor Harborne - just before Labour capped donations from overseas - and £4m
from crypto entrepreneur Ben Delo
We knew
about the Delo donation. As Rowena Mason reported in April, Delo, a British
billionaire convicted in the US for failing to implement adequate
anti-money-laundering controls in his cryptocurrency business, said that he had
given Reform UK £4m this year.
Delo has
also said that he is going to move back to the UK so that he won’t be affected
by the Labour legislation imposing a £100,000 a year cap on how much people
living abroad can donate to political parties.
The ban
came into force on 25 March, the day it was announced by Steve Reed, the
communities secretary. It will affect Christopher Harborne, another
cryptocurrency billionaire who is Reform UK’s biggest donor. He is a British
citizen but lives in Thailand and he gave the party £12m last year.
Today’s
figures show that he also gave Reform UK £3m in the first quarter of this year
– suggesting that the money was handed over shortly before the cap came into
force.
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