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Reform UK Tops Donation Records Amid Cryptocurrency Controversy
The party’s quarterly total was driven by large gifts from Christopher Harborne and Ben Delo before Labour’s planned ban on crypto donations.
Newly released Electoral Commission data shows Reform UK secured a dominant fundraising lead by pulling in £9.2 million in private donations during the first quarter of the year, heavily outstripping both the Conservatives at £4 million and Labour at £3.9 million.
The party's multi-million-pound lead was overwhelmingly driven by just two cryptocurrency billionaires, Ben Delo and Christopher Harborne, whose combined contributions of £7 million accounted for nearly a third of all private political money moving through Westminster during that three-month period.
Both megadonors are actively pursuing strategies to bypass a newly introduced legislative clampdown that places a £100,000 annual cap on political donations from British citizens living abroad, with Delo physically relocating his permanent residence from Hong Kong back to the UK and Harborne signaling a potential legal challenge in court.
The publication of these lopsided figures has sparked severe panic among Labour backbenchers, who are warning that allowing a microscopic pool of ultra-wealthy individuals to out-buy entire political campaigns is democratic distortion and entirely unsustainable.
This massive injection of digital wealth has significantly altered the political landscape by directly funding Reform UK’s operational expansion, including high-production pyrotechnic events, nationwide newspaper advertising campaigns, mass postal mailshots, and a major expansion of their party headquarters.