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.
20 Articles
20 Articles
Keir Starmer announces temporary ban on crypto donations in blow to Reform
Nigel Farage facing calls to return money as other changes called for in report into foreign interference would outlaw his party’s record-breaking £9m donation from Thailand-based British businessman
UK review urges cap on overseas political donations and pause on crypto
LONDON, March 25 - Britain should cap how much donors who are living overseas can give to political parties and pause cryptocurrency donations, an independent review said on Wednesday, a move that could hurt Nigel Farage's populist Reform UK party. Read more at straitstimes.com.
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