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Reform UK Raised £72 Million From Two Crypto Billionaires

The donations greatly expand Nigel Farage’s campaign resources even as police, parliamentary investigators and peers weigh legal limits that could force returns or restrictions.

Overview

  • Two matching £36 million gifts were disclosed in quick succession, Ben Delo’s donation reported on Sept 11 and Christopher Harborne’s match reported on Sept 12, together totalling £72 million for Reform UK.
  • Reform says it verified the donors and accepted the money under current Electoral Commission rules and plans to use the funds to hire campaign staff and build nationwide campaign capacity.
  • The Metropolitan Police and the parliamentary standards watchdog are actively assessing other funding allegations involving Reform, including separate probes into a £5 million gift linked to Harborne and Channel 4 undercover reporting.
  • The government has drafted changes to election law that would cap donations from qualifying overseas electors at £100,000 and suspend crypto donations, with the House of Lords due to consider amendments that could apply retrospectively and require unlawful sums to be returned.
  • The gifts have sharpened debate about mega‑donors and political influence, highlighting how UK donation rules hinge on donor residency and electoral‑registration status and prompting cross‑party calls for tighter, clearer limits.