A loophole that allowed people to avoid a cap on foreign political donations by returning to the UK is being closed, the Government has confirmed.
The new rules will impose a £100,000 donations limit on donors coming to the UK from overseas, for a year after they arrive – potentially hitting two of Reform UK’s biggest funders.
Cryptocurrency tycoons Christopher Harborne and Ben Delo could be hit by the limit after reportedly returning to live in Britain, having previously donated millions to Nigel Farage’s party.
A £3m donation from Harborne was the largest single donation Nigel Farage’s party received between January and March this year. He has reportedly now registered to vote in the UK.
Delo, another cryptocurrency magnate based in Hong Kong, donated £4m to Reform in two £2m lump sums in January and March. He has written in The Telegraph that he will move back to Britain so he can contribute more to Reform.
