Lib Dem MP calls for investigation into Reform deputy leader’s £80,000 loan
Summary
Richard Tice, deputy leader of Reform UK and MP for Boston and Skegness, is under investigation for not declaring an £80,000 loan from George Cottrell, an adviser to Nigel Farage. The loan raises questions because Cottrell is a convicted criminal living in Montenegro, and the loan was not reported as required by rules for MPs.Key Facts
- Richard Tice received an £80,000 loan from George Cottrell in late 2024.
- George Cottrell is an aide to Nigel Farage and has a criminal record for wire fraud in the US.
- The loan was not declared to the parliamentary standards watchdog or in corporate filings.
- Liberal Democrat MP Lisa Smart requested an investigation into Tice’s failure to declare the loan.
- The loan may have been given at a preferential rate and Cottrell’s status as an “impermissible donor” is questioned.
- Tice claims the loan relates to his property business, not politics.
- Banks flagged the loan under anti-money-laundering rules due to the source and size of the transaction.
- Tice has repaid the loan and paid back a bit more than the amount borrowed.
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