Crypto billionaires help Reform cement fundraising lead
Summary
Reform UK has received large donations from two British crypto billionaires living overseas, helping the party raise more money than Labour and the Conservatives in early 2024. The donations came before the government introduced a new £100,000 limit on political donations from British citizens living abroad.Key Facts
- Reform UK received £7 million from Ben Delo and Christopher Harborne, both British crypto billionaires living outside the UK.
- Ben Delo, based in Hong Kong, gave £4 million in two donations in January and March.
- Christopher Harborne, living in Thailand, gave £3 million in January; he previously donated £12 million to Reform UK in 2025.
- None of these donations were made using cryptocurrency.
- Nigel Farage, Reform UK leader, is under investigation over a £5 million gift from Harborne regarding whether it should have been declared.
- Reform UK’s private donations (£9.3 million) far exceeded those of Labour and the Conservatives (about £4 million each) in the first three months of 2024.
- The UK government plans to cap donations by British citizens living overseas at £100,000 per year, applying this limit retroactively from March 25.
- Labour received significant donations from wealthy individuals and unions, while smaller parties like the Greens and Liberal Democrats raised less private funding.
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