Rayner warns Reform’s £72m crypto windfall could be caught by new donor rules

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Reform said both men were British citizens entitled to donate Angela Rayner has warned Reform UK that its record £72m fundraising haul from two cryptocurrency billionaires could be caught by ...

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new donor rules","media":"cityam","content":"<div>\n<p>Reform said both men were British citizens entitled to donate Angela Rayner has warned Reform UK that its record £72m fundraising haul from two cryptocurrency billionaires could be caught by ...</p>\n\n<a href=\"https://www.cityam.com/rayner-warns-reforms-72m-crypto-windfall-could-be-caught-by-new-donor-rules/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rayner warns Reform’s £72m crypto windfall could be caught by new donor rules</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRayner warns Reform’s £72m crypto windfall could be caught by new donor rules\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-13 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/rayner-warns-reforms-72m-crypto-windfall-could-be-caught-by-new-donor-rules/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reform said both men were British citizens entitled to donate Angela Rayner has warned Reform UK that its record £72m fundraising haul from two cryptocurrency billionaires could be caught by ...</p>\n\n<a href=\"https://www.cityam.com/rayner-warns-reforms-72m-crypto-windfall-could-be-caught-by-new-donor-rules/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDLC","symbol_name":"Grayscale CoinDesk Crypto 5 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restrictions on political donations from Britons living abroad, or those who have recently returned to the UK, would be backdated as ministers seek to close what she described as loopholes in election funding.Her comments follow crypto billionaires Ben Delo and Christopher Harborne each handing Nigel Farage’s party 36m in the space of 24 hours – jointly the largest individual donations to a British political party on record.The party said it would hire as many as 400 campaign managers in target seats and recruit staff to work on policy, describing itself as now being on “election footing”.Jenrick said the cash would allow Reform to become “battle ready” whether an election came within weeks or in two years.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDLC":"Grayscale CoinDesk Crypto 5 ETF","BKCH":"AdvisorShares Sabretooth ETF","DIME":"CoinShares Altcoins ETF","CRPT":"First Trust SkyBridge Crypto Industry and 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returned to the UK, would be backdated as ministers seek to close what she described as loopholes in election funding.Her comments follow crypto billionaires Ben Delo and Christopher Harborne each handing Nigel Farage’s party £36m in the space of 24 hours – jointly the largest individual donations to a British political party on record.\n\nThe two cheques alone are worth more than the roughly £69m donated to all UK political parties combined last year.Asked whether Reform could ultimately be forced to return the money, Rayner told Sky News it was a “really live question”. “We’re saying that if you don’t pay taxes in, you don’t live here, you can’t buy your way into our democracy because you’re a billionaire,” she said.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRayner later told the BBC that new rules covering overseas donors and people who have recently returned to Britain “will be retrospective”.\n\nThe government’s Representation of the People Bill would cap donations from British citizens living overseas, as well as some recent returnees, at £100,000 a year, with the relevant provisions backdated to March. Whether either £36m gift is ultimately affected will depend on the donors’ status under the new rules.Harborne has been based in Thailand for decades and also holds Thai citizenship, while Delo recently returned to Britain after living in Hong Kong.Reform said both men were British citizens entitled to donate and that all donations complied with Electoral Commission rules and UK law.\n\nThe party’s Treasury spokesman Robert Jenrick said it had “no reason” to return the money and insisted the donations were lawful under both current rules and, as he understood them, forthcoming legislation.“We’re very confident that these two donations are perfectly legal,” he told Sky News.Reform goes on ‘election footing’The £72m injection gives Reform a significant war chest as Farage attempts to turn polling momentum into the infrastructure needed to fight hundreds of constituencies at the next general election.\n\nThe party said it would hire as many as 400 campaign managers in target seats and recruit staff to work on policy, describing itself as now being on “election footing”.Jenrick said the cash would allow Reform to become “battle ready” whether an election came within weeks or in two years.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}