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The Guardian - UK
The Guardian - UK
Business
Heather Stewart

Elon Musk’s rumoured $100m donation may just fuel a fresh look at UK political funding

A montage of left, Nigel Farage and right, Elon Musk
Nigel Farage and Elon Musk (right). There is only one likely recipient for the US tycoon’s oft-rumoured $100m donation; and it definitely isn’t Labour. Composite: Anthony Harvey/REX/Shutterstock & Gonzalo Fuentes/Reuters

Elon Musk has denied he is gearing up to chuck $100m at Nigel Farage’s Reform UK party, as it pushes to take on the Tories. But the very fact the question arose is a reminder of the pressing need for political funding reform on this side of the Atlantic.

Musk is the living embodiment of economic power in the modern US: a multibillionaire, with spicy political views, who has bought his way into a role as Donald Trump’s costcutter-in-chief.

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