Reform UK Donations Drop to £5.3 Million After Funding Cap

Donations to Reform UK fell to £5.3 million in the second quarter of 2026, marking the party's lowest funding level in one year. This decline follows a government cap introduced in March that limits contributions from overseas investors to £100,000. The limit is being legislated through the Representation of the People Bill and applies retroactively from March.

Funding patterns shifted as a result of the new rules. The party received £4 million from crypto entrepreneur Ben Delo, who relocated to the United Kingdom. However, it experienced a significant drop in funding from Christopher Harborne, a Thailand-based investor. This represents a sharp decrease from the £9.3 million the party received in the first quarter.

Despite the downturn, Reform UK's second-quarter donations remained higher than those of the Labour Party, which received £3.6 million, and the Conservatives, which received £2.8 million. Meanwhile, Prime Minister Andy Burnham reportedly dropped his support for a broader pledge to cap all political donations.