Farage said he would need ‘a million a year’ to stand as MP in 2024
Summary
Nigel Farage told top Reform UK members in March 2024 that he would need about £1 million a year to give up his GB News job and run for parliament in the 2024 general election. He received a £5 million gift from crypto billionaire Christopher Harborne in April 2024, which raised questions because Farage did not declare it as required, but said it was a personal gift for his security.Key Facts
- Nigel Farage said he would lose over £1 million per year if he left his GB News presenting job to become an MP.
- Farage was Reform UK’s honorary president and majority shareholder while discussing a return to politics.
- Christopher Harborne gave Farage £5 million in April 2024, shortly after Farage’s comments about needing money to run for parliament.
- Farage did not declare the £5 million gift during his byelection campaign, leading to a parliamentary watchdog investigation paused until after the byelection.
- Harborne’s lawyers said the gift was unconditional and done without expecting anything in return.
- Farage has said the money was for his security and a reward for Brexit, and that it was nobody's business how he spent it.
- Farage earned about £98,000 a month from GB News in 2024 through his media company Thorn in the Side.
- Reform UK insiders wanted Farage to return as leader and run in both the 2024 and 2029 general elections, estimating it would cost £5 million in lost earnings.
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