Labour calls on Farage to ‘come clean’ over £5m gift and work with crime agency over money laundering concerns - UK politics live
Summary
Nigel Farage, leader of Reform UK, announced he will resign and run again in a by-election to try to clear doubts about a £5 million donation he did not declare. The donation was reported to the National Crime Agency, which raised concerns about possible money laundering. Other political parties have decided not to compete in the by-election.Key Facts
- Nigel Farage is the leader of Reform UK and the MP for Clacton.
- He received a secret £5 million donation from a cryptocurrency billionaire.
- Bankers reported this donation to the National Crime Agency due to money laundering concerns.
- Farage did not declare this large donation, which might break parliamentary rules.
- Farage announced he will resign and try to win his seat again in a by-election.
- Major political parties chose not to stand candidates against him in the by-election.
- Labour and Liberal Democrat politicians called on Farage to be honest and cooperate with investigators.
- A parliamentary inquiry is ongoing into Farage’s financial conduct.
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