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Major curbs to party donations from overseas proposed in blow for Reform
The review aims to enhance transparency and prevent foreign interference by banning crypto donations and tightening overseas funding rules in UK political parties.
- On Wednesday, Sir Keir Starmer's government prepared to ban cryptocurrency political donations following a review by former senior civil servant Philip Rycroft aimed at modernizing political finance rules.
- The review follows the conviction of former Reform UK MEP Nathan Gill for accepting bribes, and scrutinizes Reform UK's record-breaking £9 million donation from British-born crypto tycoon Christopher Harborne.
- Nigel Farage previously defended the donation, insisting Harborne "wants nothing from me," yet Farage publicly promoted Tether, the cryptocurrency company where Harborne holds a 12 per cent stake.
- Ministers have promised that Rycroft's recommendations will be "incorporated" into the Representation of the People Bill, as Rycroft urged the government to "act swiftly" on the moratorium.
- Rycroft warned that foreign interference in the UK is "real and persistent," noting that Russia and Iran are trying to "cause harm" to democracy, as he emphasized "ringing the alarm bell" on the issue.
73 Articles
73 Articles
Starmer Slams Door on Crypto Donations to Political Parties
In a major overhaul of British election laws, Prime Minister Keir Starmer announced an immediate and retrospective ban on cryptocurrency donations to political parties. During a heated session of Prime Minister’s Questions, Starmer also unveiled a £100,000 annual cap on donations from British citizens living abroad. The measures follow the publication of the Rycroft Review, a supposed landmark report by former senior civil servant Philip Rycroft…
UK Political Parties Banned From Taking Crypto Donations
British political parties will be banned from accepting donations in cryptocurrencies, Prime Minister Keir Starmer announced Wednesday, saying illicit finance poses a "stark" danger to the country's democracy. Starmer told lawmakers that "we will act decisively to protect our democracy" from outside meddling. "That will include a moratorium on all...
UK to cap overseas political donations and ban crypto funding for parties
Britain will cap how much donors living overseas can give to political parties and ban cryptocurrency donations following an independent review into the influence of foreign finance, a move that could hurt Nigel Farage's Reform UK party.
Cryptocurrency crackdown: Labour minister denies No10 attack on Nigel Farage after PM's cryptocurrency crackdown
A Labour minister has denied No10 sought to launch an attack on Nigel Farage after the Prime Minister set out a nationwide crackdown on cryptocurrency donations.Earlier today, Sir Keir Starmer unveiled two new rule changes on donating to political parties, capping donations from Britons abroad at £100,000 and also banning cryptocurrency donations from today. The move has drawn criticism over the policies being aimed "squarely at Reform UK" due t…
The British Government is Rushing Through a RETROACTIVE Law Specifically Targeting Large Donors to Farage’s Reform Party.
PULSE POINTSWHAT HAPPENED: The British government announced a £100,000 (~$135,000) annual cap on political donations from British citizens living abroad and a temporary ban on cryptocurrency donations, which will apply retroactively.WHO WAS INVOLVED: Prime Minister Sir Keir Starmer’s Communities Secretary, Steve Reed, former civil servant Philip Rycroft, Reform Party donor Christopher Harborne, and Reform Party leader Nigel Farage.WHEN & WHERE: …
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