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Reform UK Receives Record £36m Donation from Crypto Billionaire Ben Delo

Reform UK Receives Record £36m Donation from Crypto Billionaire Ben Delo

Reform UK has secured a £36 million donation from British cryptocurrency billionaire Ben Delo, marking the largest single contribution ever made to a UK political party. Delo announced the gift in the Daily Telegraph, stating that he wanted to ensure a “fair fight and a level playing field” within the political arena.

Nigel Farage, the party’s leader, described himself as “honoured and humbled” by the unprecedented support. The funds will be distributed at a rate of £1 million per month leading up to the latest possible date for a general election in 2029. However, Delo opted to transfer the entire sum upfront to preempt any potential government restrictions on mega-donations.

Currently, there are no limits on donations from UK-based donors. The move follows Labour’s introduction of a £100,000 cap on contributions from British expatriates, a policy that has drawn sharp criticism from Reform and its backers.

Delo, who is originally from Sheffield but currently resides in Hong Kong, has previously donated £4 million to the party. He has stated his intention to return to the UK to continue his political funding. In 2024, he received an unconditional pardon from US President Donald Trump regarding a Bank Secrecy Act violation.

The donation arrives during a period of significant scrutiny for Reform UK. Police have launched an investigation into allegations that the party violated foreign funding laws, following a report by Channel 4 News. Additionally, the Metropolitan Police are examining payments made to the party in the weeks preceding the last election, specifically those linked to Fiona Cottrell and a company controlled by deputy leader Richard Tice.

Farage is also facing an inquiry from the parliamentary standards commissioner over whether he failed to declare a £5 million cash gift from Thai cryptocurrency investor Christopher Harborne before his 2024 election victory. Farage maintains that the gift was “purely private” and unrelated to his official duties.

Labour responded to the news by accusing Farage of being深陷 scandal. A party spokesperson stated, “Reform UK can’t buy their way out of questions about sleaze, criminal mates and dodgy finances,” calling for full cooperation with police investigations.

Liberal Democrat spokesperson Lisa Smart criticized the move, suggesting Farage was attempting to “bring Trump’s America to our shores by buying his way into power.” She urged Labour leader Andy Burnham to introduce a cap on political donations to protect democracy.

5 responses to “Reform UK Receives Record £36m Donation from Crypto Billionaire Ben Delo”

  1. Let’s not ignore the context here. Reform UK is facing multiple investigations. Is this money helping to ensure a fair fight, or simply shielding them?

  2. Is there any cap on donations from wealthy individuals in the UK? This seems unfair to smaller parties and donors who cannot match this scale.

  3. I wonder if this affects the upcoming election results? It seems like an attempt to buy influence rather than win votes on merit.

  4. It is genuinely shocking that a single individual can如此 effectively influence national politics. The current system seems fundamentally broken and in need of urgent reform.

  5. Sixty million quid for a party under police investigation? This feels less like a donation and more like a bribe wrapped in political rhetoric.

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