Christopher Harborne is back in the spotlight over a £5m political donation row to Nigel Farage’s Reform UK, after his crypto-rich profile. Bio: British-Thai billionaire tech investor.
Nigel Farage has invested £215,000 in Stack BTC, a London-based crypto company chaired by ex-Chancellor Kwasi Kwarteng. The investment, part of a £260,000 fundraise, gives Farage a 6.3% stake. The move aligns with Reform UK's pro-crypto stance amid UK regulatory changes.
The UK government has announced a moratorium on political donations via cryptocurrencies and introduced caps on donations from British citizens abroad. The move follows a review highlighting persistent foreign interference, including influence from Russia, China, Iran, and foreign-funded online ads. Reform UK faces calls to return crypto donations from overseas sources.
Nigel Farage is under formal investigation by the Parliamentary Standards Commissioner over a £5m gift from crypto billionaire Christopher Harborne, reported as having supported his personal security before the 2024 election. Reform UK says the gift was personal and not subject to declaration; Labour and other parties dispute this. The outcome could trigger a recall petition if a serious breach is found.
The Makerfield by-election is shaping as a potential platform for Andy Burnham to return to Westminster while Sir Keir Starmer faces leadership doubts after dismal local election results. The Independent reports Burnham is poised to launch a campaign, with Starmer and Reeves aiming to press ahead on cost-of-living measures amid market jitters.
Nigel Farage has been pressed to explain a £5 million gift from Thai-based crypto billionaire Christopher Harborne, which he says paid for personal security. The gift was not declared before his 2024 election, and authorities are examining the matter as part of ongoing scrutiny of his finances.