Tag: Who funds Reform?

  • Who funds Reform? Farage’s party bags £15m from crypto and finance donors

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    Article by Ethan Shone republished from OpenDemocracy under a Creative Commons Attribution-NonCommercial 4.0 International licence.

    Darren Staples/Bloomberg via Getty Images

    Reform has accepted more large donations than any other party in 2026, despite mounting funding scandals, new data shows

    Nigel Farage’s party received large donations totalling almost £15m in the first six months of this year, according to Electoral Commission records, including millions of pounds from a crypto billionaire who was pardoned by Donald Trump last year. 

    Reform’s fundraising operations continue to prove highly effective in spite of its ongoing scandals. The party is amassing a massive financial war chest ahead of the next general election, which many in Westminster believe could take place as soon as next autumn.

    The latest donations data comes as Reform suspends two senior aides pending an investigation, after an undercover sting exposed their alleged role in facilitating secret donations, including from impermissible donors overseas. Rival parties said they have reported Reform to the police, while the Electoral Commission said it is “considering all relevant information” and is “in touch with the Met Police”. Reform has denied any wrongdoing.

    The events have overshadowed the party’s conference in Birmingham this weekend, and are the latest in a series of scandals the party has faced over its funding this year. In July, openDemocracy travelled to Montenegro to investigate the lives and business interests of key Reform allies and donors, including ‘Posh George’ Cottrell and billionaire crypto investor Christopher Harborne, in the glamorous coastal resort of Tivat.

    At the same time, a number of news reports raised serious questions about Cottrell and Farage, after The Sunday Times reported the Clacton MP had failed to disclose in-kind support from the 32-year-old convicted fraudster. The allegations led to calls for an investigation by parliamentary authorities, which were already probing a £5m gift that Farage allegedly failed to declare having received from Harborne.

    Reform’s crypto funding

    The latest data shows Reform continues to bring in significantly more from large donations than the other parties: £5.3m in the second quarter of 2026, compared to £3.6m for Labour and £2.8m for the Conservatives. 

    That brings the party’s total donations this year to almost £15m, meaning it has accepted almost twice as much as Labour (£8m) and more than double the Conservatives (£7m).

    Reform receives the vast majority of its funding from a small number of high-value donors, with Harborne, a crypto investor based in Thailand, by far the party’s most significant donor to date. 

    Now, the party has added another crypto billionaire with offshore links to its ranks of mega donors; Sheffield-born Ben Delo gave the party £4m in April, following two £2m donations in January and March. 

    British crypto entrepreneur Delo has rapidly become one of Reform UK’s largest individual donors, having given the party £8m across the first half of 2026 – £4m in each quarter. If he continues this trend throughout the rest of the year, he could surpass Harborne’s current total.  

    Delo is one of many Reform donors with strong interests in the crypto sector. He was a software engineer at IBM and later built high-frequency trading systems at JPMorgan and GSA Capital in Hong Kong, before co-founding cryptocurrency derivatives exchange BitMEX. In 2020, US federal authorities charged the BitMEX founders with violating the Bank Secrecy Act over inadequate anti-money-laundering controls; Delo pleaded guilty in 2022, paid a $10m penalty and served 30 months’ probation, which ended in December 2024. Trump pardoned him in March 2025.

    Delo’s latest donations come after the government imposed a £100,000 cap on donations from overseas residents in March 2026. At the time, Delo said he would move back to the UK to sidestep the restriction, and he has reportedly signalled plans to keep funding the party from Britain going forward. 

    Big finance and former Tories

    Reform also continues to add new donors with interests in the financial sector. Over the past year, senior figures in the party have engaged with lobbyists in the City of London, seeking both policy ideas and financial support. 

    Lucas Bitencourt, a young finance entrepreneur, gave the party £100,000, while private equity firm Bryden Capital gave £50,000 and a Jersey financial adviser who works with “the world’s first bitcoin investment fund” gave £25,000. 

    A Scottish corporate lawyer specialising in private equity and technology continues to provide funding, giving £100,000 in May. He has now given the party £300,000 in total. 

    An investment firm linked to Chelsea owner Todd Boehly – a significant donor to conservative politics in the US – also gave the party £75,000. 

    Robert Jenrick, Reform’s Treasury spokesman, also received a significant donation after defecting to the party from the Conservatives. Jenrick received £50,000 from a donor with ties to financial services and crypto, Michael Cohen of Capital Group, an investment firm that the Wall Street Journal last year reported was “ploughing billions into crypto”.

    Three former Tory donors continue to make up a significant portion of Reform’s funding base: Bassim Haidar, Johan Christofferson and Roger Nagioff all contributed six-figure sums in recent months and have now given over a million between them since the last election. Excluding Harborne, who gave Boris Johnson £1m in 2022, former Tory donors have given Reform over £3m since the 2024 vote. 

    Article by Ethan Shone republished from OpenDemocracy under a Creative Commons Attribution-NonCommercial 4.0 International licence.

    Nigel Farage is scathing at the £250,000 cost to the taxpayer of his unnecessary and ridiculous Clacton-on-Sea election campaign that he caused to avoid scrutiny and acccountability for the £5MILLION 'gift' that he didn't declare.
    Nigel Farage is scathing at the £250,000 cost to the taxpayer of his unnecessary and ridiculous Clacton-on-Sea election campaign that he caused to avoid scrutiny and acccountability for the £5MILLION ‘gift’ that he didn’t declare.
    Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
    Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
    Nigel Farage admits to being a whore willing to do anything for someone with a big fat wallet and asks whether drinking pints and smoking fags is not enough for the stupid plebs.
    Nigel Farage admits to being a whore willing to do anything for someone with a big fat wallet and asks whether drinking pints and smoking fags is not enough for the stupid plebs.
  • Who Funds Reform? Nigel Farage’s Party Received 92 Percent of its Donations from Fossil Fuel Interests, Polluters, and Climate Deniers

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    Article by Adam Barnett and Sam Bright republished from DeSmog.

    Reform UK leader Nigel Farage, and deputy leader Richard Tice. Photo: Sipa US / Alamy

    The anti-net zero party has been bankrolled by oil and gas investors, aviation entrepreneurs, and those who reject climate science.

    Reform UK has received more than £2.3 million from oil and gas interests, highly polluting industries, and climate science deniers since December 2019, amounting to 92 percent of the party’s donations. 

    This week, Nigel Farage confirmed he would be returning as leader of Reform and standing in the general election, threatening to split the already fragile Conservative vote. His populist party, which campaigns to “scrap all of net zero”, claims to represent ordinary people against out of touch elites. 

    Yet Reform’s official register of donations reveals the party is bankrolled by rich businessmen who reject climate science or make money from polluting industries.

    In the past 12 months, Reform has received £200,000 from First Corporate Consultants. The firm is owned by Terence Mordaunt, a director and former chair of the Global Warming Policy Foundation (GWPF), the UK’s leading climate science denial group. 

    The GWPF has in the past expressed the view that carbon dioxide has been mis-characterised as pollution, when in fact it is a “benefit to the planet”. Mordaunt himself told openDemocracy in 2019 that “no one has proved yet that CO2 is the culprit” of climate change.

    The UN’s Intergovernmental Panel on Climate Change (IPCC), the world’s top climate science body, has stated that it is “unequivocal that human influence has warmed the atmosphere, ocean and land”. It has also stated that carbon dioxide “is responsible for most of global warming” since the late 19th century, which has increased the “severity and frequency of weather and climate extremes, like heat waves, heavy rains, and drought”.

    Reform has also received more than £500,000 since the last election from Jeremy Hosking, whose investment firm Hosking Partners had more than $134 million (around £108 million) invested in the energy sector at the close of 2021, two thirds of which was in the oil industry, along with millions in coal and gas. 

    Hosking previously told DeSmog: “I do not have millions in fossil fuels; it is the clients of Hosking Partners who are the beneficiaries of these investments.” 

    Since December 2019, Reform has also received £465,000 from Christopher Harborne, owner of AML Global, an aviation fuel supplier with a distribution network that includes “main and regional oil companies”, according to its website. Harborne is also the CEO of Sheriff Global Group, which trades in private jets. 

    Aviation emissions accounted for eight percent of the UK’s annual greenhouse gas emissions before the pandemic, according to the government’s Climate Change Committee. 

    In response to DeSmog’s request for comment, Harborne posted a lengthy statement on the AML Global website. He said: “I am not a climate science denier and … I do not seek to influence any government through donations or lobbying regarding their policies on climate change or in favour of corporate interests.”

    Harborne added that “there is overwhelming scientific evidence that human activity and in particular the use of hydrocarbons as an energy source is accelerating climate warming due to the greenhouse effect.”

    Reform has also received more than £1.1 million in donations from Richard Tice, a property millionaire and the party’s leader until this week. Tice has now become the party’s chairman. 

    In addition (and not included in the overall figures for this analysis), Reform has received more than 50 loans collectively worth around £1.4 million from a company called Tisun Investments, which is owned by Tice, since the start of 2020.

    Tice is one of the UK’s most prominent climate deniers, his presenting role on the right-wing broadcaster GB News to attack net zero policies and the science behind them. Tice has claimed that “there is no climate crisis” and expressed the view that “CO2 isn’t a poison. It’s plant food”.

    DeSmog has also revealed that the governing Conservative Party has received £8.4 million since December 2019 from oil and gas interests, highly polluting industries, and individuals who have expressed or supported climate science denial.

    “No political party should be taking any money from fossil fuel interests whatsoever,” Caroline Lucas, until recently the Green Party MP for Brighton Pavilion, told DeSmog. 

    Reform’s Climate Science Denial

    Reform’s platform on climate change conforms to the views and business interests of its major donors. 

    The party’s manifesto falsely claims that “scientists disagree as to how much” humans have had an impact on global warming. 

    A number of climate consensus studies conducted between 2004 and 2015 found that between 90 percent and 100 percent of experts agree that humans are responsible for climate change. A study published in 2021, which reviewed over 3,000 scientific papers, found that over 99 percent of climate science literature says that global warming is caused by human activity.

    Reform wants to develop new oil and gas fields in the North Sea, open onshore fracking sites across the country, end the windfall tax on oil and gas companies, and “restart opencast coal mines using the latest cleanest techniques”.

    The party has campaigned for a referendum on the UK’s 2050 net zero emissions target, and supports scrapping the policy entirely. 

    Farage himself also has a long history of opposing green reforms and criticising established climate science. 

    Speaking on GB News in August 2021, Farage said that he was “very much an environmentalist” and that he couldn’t “abide things like plastics in our seas, pollution in our rivers.” However, on the issue of climate change, he added: “What annoys me though, is this complete obsession with carbon dioxide almost to the exclusion of everything else, the alarmism that comes with it, based on dodgy predictions and science.”

    Reform’s only MP, Lee Anderson, who defected from the Conservative Party in March, has repeatedly attacked the government’s net zero policies, arguing in February 2024 that a net zero UK “wouldn’t make a blind bit of difference to the Earth’s atmosphere”.

    Anderson is also a vocal backer of new oil, gas, and coal extraction in the UK. In 2022 he supported the government’s decision to approve a new coal mine in Cumbria – the UK’s first new coal mine for 30 years.

    A Reform UK spokesman said: “Climate change is real, Reform UK believes we must adapt, rather than foolishly think you can stop it. We are proud to be the only party to understand that economic growth depends on cheap domestic energy and we are proud that we are the only party that are climate science realists, realising you can not stop the power of the sun, volcanoes or sea level oscillation.

    “The deniers are those who continually gaslight the public into thinking you can stop these powerful natural forces. We must use the energy under our feet, rather than send our money and jobs abroad.”

    Article by Adam Barnett and Sam Bright republished from DeSmog.

    Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
    Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
    Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
    Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
    Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
    Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.