Nigel Farage Expects Ruling Against Him Over £5 Million Gift
Reform UK leader Nigel Farage expects a parliamentary ruling that he breached rules by failing to declare a £5 million gift from a crypto-billionaire.
Reform UK leader Nigel Farage has indicated that Parliament's standards commissioner will likely find he breached House of Commons rules by failing to declare a £5 million gift. The gift was provided by Thai-based cryptocurrency billionaire Christopher Harborne shortly before the 2024 general election. Standards Commissioner Daniel Greenberg interviewed Farage in September to determine if the funds should have been registered under rules requiring new MPs to declare gifts exceeding £300.
Farage has offered conflicting justifications for the money, previously describing it as a reward for his 27-year campaign for Brexit, but more recently claiming the funds are necessary for his lifelong security. He argued that the establishment is likely to rule against him because he leads an insurgent party. If found in breach of parliamentary rules, Farage could face a by-election in his Clacton constituency.
Beyond the personal gift, the Electoral Commission is reviewing £72 million in donations to Reform UK from Harborne and Ben Delo to ensure they comply with party finance rules. Simultaneously, police are investigating allegations that Farage and his aides discussed funneling foreign money into the party following an undercover operation by Verbatim journalists. In response to these large contributions, government ministers are proposing a £100,000 cap on donations from British citizens living overseas, which would be backdated to March 25.