Reform UK receives £72m from two billionaires; government considers retrospective donation cap
Reform UK received £72 million in donations from two British crypto billionaires, Ben Delo and Christopher Harborne, in two £36m gifts over 48 hours. The donations are the largest in UK political history and have prompted calls for tighter limits on political funding. Housing Secretary Angela Rayner said the government's Representation of the People Bill, which proposes a £100,000 annual cap on donations from British citizens living abroad, would be backdated to 25 March, potentially affecting these gifts. She also suggested a broader cap on individual donations might be reconsidered. Trade unions and transparency campaigners argued that such mega-donations threaten democracy, while Reform UK defended the gifts as lawful and accused Labour of trying to rig the system. The House of Lords is debating the legislation.
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