Farage told Reform UK he needed £1m a year before receiving £5m gift

In March 2024 Nigel Farage told senior Reform UK figures he required £1 million annually to stand as an MP, weeks before receiving a £5 million gift from a crypto billionaire.

• In March 2024, Farage told senior Reform UK insiders he needed to replace lost earnings of £1m a year if he resumed party leadership and stood for parliament.
• Crypto billionaire Christopher Harborne gave Farage £5m on 5 April 2024, with some payments arriving in late May before Farage announced his candidacy on 3 June.
• Farage has defended the £5m as a reward for Brexit and for security, and said he did nothing wrong by not declaring the gift.
• The parliamentary watchdog paused its investigation into whether the £5m should have been declared during Farage's byelection campaign.