Farage says £5m gift spending details 'not public's business'
Summary
Nigel Farage, leader of the Reform UK party, received a £5 million gift from a cryptocurrency investor before he became a Member of Parliament (MP). He says the gift is for his personal security and refuses to disclose how he spends it, while the Parliamentary Standards Commissioner investigates if he broke rules about declaring financial gifts.Key Facts
- Nigel Farage got a £5 million gift from Christopher Harborne, a British cryptocurrency investor.
- Farage says the gift is personal and meant for his security until he dies.
- He has not revealed how much of the money he has spent or on what.
- The gift was given before Farage was elected as MP for Clacton.
- The Parliamentary Standards Commissioner is looking into whether Farage should have declared this gift.
- UK rules say MPs must declare financial interests received in the year before being elected.
- Farage argues he did nothing wrong and has taken no personal expenses since being elected in July 2024.
- He is currently the leader of the Reform UK party, having taken over in June 2024.
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