NewsUK NewsNigel FarageLIVEUpdated 3 mins agoNigel Farage has announced he will be making a statement today about his 'future in public life' after a spate of controversies regarding the Reform UK leader's financesNigel Farage is about to make a statement on his 'future in public life'(Image: Getty Images)Updated 12:55, 07 Jul 2026Nigel Farage is set to make an announcement on 'his future in public life' after a string of controversies about his finances.The Reform UK leader said he would issue a statement at 2pm this afternoon - sparking frenzied speculation online over what he could be about to reveal.Farage is currently facing a probe by parliament’s standards watchdog over a £5million 'gift' from a Thailand-based cryptocurrency billionaire - and is under pressure in a separate scandal over alleged donations from convicted fraudster George Cottrell before he returned as party boss.Labour has called on Farage to clarify his "personal and financial dependence" on Cottrell and has asked the Electoral Commission to investigate whether the support should have been declared, as he was a prominent figure in Reform even before he returned to frontline politics.The party also questioned whether Montenegro-based Cottrell was a permissible donor, and he is not believed to have been on the UK electoral register at the time.Mr Farage said in a post on X: “I will make a statement on my future in public life at 2pm.”Today12:52 BSTWhat will Nigel Farage say?Westminster is awash with speculation over what Nigel Farage will say, but at this stage we just don't know.What we do know is he has grown increasingly rattled in recent months, snapping at reporters when they asked questions about his £5million gift from crypto billionaire Christopher Harborne, telling LBC it was "none of their business', and he could "spend it on Ferraris" if he wanted.This came after he changed his explanation over the donation twice, first saying it was for his security, then that it was a reward for Brexit.His anger continued today following questions over his latest financial scandal, as the Reform UK boss raged at Sky News for asking questions. In that conversation, he claimed his family had been harassed, and refused to answer questions.Reform previously accused the Sunday Times, who first reported the George Cottrell donations, of being a Labour newspaper.This press conference could be a move to reframe the narrative, changing it from "why did Nigel Farage not declare the money", to claiming the constant questions over his finances are an establishment attempt to hurt Reform.Today12:51 BSTNigel Farage's angry reaction to questions on cameraNigel Farage lashed out at a journalist and warned them of “serious consequences” as pressure grew over allegations he failed to declare financial benefits from a convicted criminal.The Reform UK leader is accused of breaching parliamentary rules over claims he accepted staffing, security and housing from George Cottrell - a rich aristocrat known as “Posh George”- in the year before he became an MP.Asked about the allegations by Sky News at Heathrow Airport after he flew back from attending independence day celebrations in the USA, Mr Farage lost his cool and tore into the reporter.Read more: Rattled Nigel Farage threatens 'serious consequences' after being quizzed on financial benefits scandalNigel Farage reacts angrily to questions from Sky News reporter Today12:41 BSTFarage 'has support of Donald Trump' as questions growThe Reform UK appears to have the backing of US president Donald Trump amid growing questions about his finances.Farage said he has “done no wrongdoing” amid the claims about his ties with Mr Cottrell.And Trump showed his backing for Farage in a post on his Truth Social platform on Monday.The US president shared a link to an article titled 'They’re Running The 2024 Anti-Trump Playbook on Nigel Farage', and personally called Mr Farage to congratulate him on his political success in 'achieving the removal of Keir Starmer' from No 10, The Times reported.Donald Trump appears to be showing his support for Nigel Farage(Image: AFP via Getty Images)‌Today12:41 BSTWhat has Farage said?The Reform UK leader posted a brief message on X (formerly Twitter) promising a "statement on my future in public life" this afternoon.Content cannot be displayed without consent‌