Thu 14 May 2026:
Nigel Farage purchased a £1.4m property outright in cash not long after receiving a £5m personal gift from crypto billionaire Christopher Harborne.
The disclosure follows confirmation from parliament’s standards watchdog that the Reform UK leader is under formal investigation over the gift from the Thailand-based businessman.
Asked about the purchase of the property, a Reform UK spokesperson said: “The relevant chronology is straightforward. The offer and purchase process for the property commenced before the gift. Mr Farage had already passed proof of funds and the relevant checks before receiving the gift. The purchase was therefore already proceeding independently of it.”
However, Labour called on the Reform leader to state in full what the £5m, which was first revealed by the Guardian, was used to pay for.
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Anna Turley, the chair of the Labour party, said: “Nigel Farage has repeatedly dodged questions on his multimillion-pound ‘gift’. Now we can see why – this totally stinks. Farage must urgently come clean with the public as to what this £5m was used for and why he failed to declare it.
“The facts are simple. Farage took £5m from a crypto billionaire, tried to cover it up, and bought an expensive house after taking the money. Not only that, he promised to cut taxes on crypto transactions. It’s open and shut conflict of interest.”
Farage has said the gift was intended to cover his personal security costs and therefore did not need to be declared. However, other parties argue that the money from the Thailand-based businessman falls within rules requiring MPs to declare any potentially relevant gifts or donations received in the 12 months before entering parliament.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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