Crypto billionaire donor in UK politics
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 Guardian reports Andy Burnham is publicly positioned to win Makerfield and is exploring a future leadership bid, while the Green Party has limited resources and reopens its candidate selection after Chris Kennedy’s withdrawal. The by-election is set for 18 June, with Labour facing Reform UK in a high-stakes contest.