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Reform UK raises £72M in 48 hours amid funding scrutiny

Reform UK has raised £72 million in under 48 hours — two £36 million donations from cryptocurrency billionaires Christopher Harborne and Ben Delo — surpassing Labour and Conservative campaign spending from last year’s election. The funds arrive amid allegations of funding irregularities, which the party denies. Harborne stated he expects 'nothing' in return, including no peerage or policy change. Delo’s Friday pledge alone exceeded the £10 million bequest left by John Sainsbury to the Conservatives in 2022. The next UK general election is due by 2029.

Original source: Source information pending

Reform UK raises £72M in 48 hours amid funding scrutiny

According to www.scmp.com, Reform UK has received £72 million in donations within less than 48 hours, following two separate £36 million contributions — the second from cryptocurrency billionaire Christopher Harborne on Saturday, matching fellow crypto investor Ben Delo’s £36 million pledge on Friday.

Funding Scale and Electoral Context

The £72 million total exceeds the combined campaign spending of both the governing Labour Party and the opposition Conservatives during last year’s election, according to Electoral Commission figures. Reform UK’s rapid fundraising surge comes as the party faces allegations about irregularities in its funding — which it denies — and as its lead in opinion polls has slipped. The next general election is due by 2029, and the funds are intended to support voter outreach ahead of that vote.

Donor Motivations and Precedent

Harborne, already Reform UK’s biggest donor, disclosed his contribution in a The Telegraph article, stating that Delo’s Friday pledge had inspired him to match it. He emphasized no quid pro quo:

“What do I expect in return for my donations? Nothing. No peerage, no policy change, just a party that is ready for government.” — Christopher Harborne

Delo’s donation alone dwarfed the previous record of £10 million, which British businessman John Sainsbury — who died in 2022 — had bequeathed to the Conservative Party, per the Electoral Commission’s online database.

Public Reaction and Oversight

The influx of private capital has drawn public scrutiny, including protests near the Houses of Parliament in London, where a placard depicting Reform UK leader Nigel Farage questioned the party’s donation sources. The Electoral Commission continues to monitor the donations, though Reform UK maintains full compliance with electoral law. With US$49 million equivalent tied to Harborne’s single contribution, the scale underscores unprecedented private financial involvement in a UK third-party political movement ahead of a scheduled national vote.

Source: South China Morning Post

Compiled from international media by the SCI.AI editorial team.

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