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The Guardian - UK
The Guardian - UK
Politics
Rowena Mason Whitehall editor

Overseas political funding capped and crypto donations blocked in blow to Reform UK

Reform UK Crypto United Kingdom Philip Rycroft
Nigel Farage on stage, with UK flag backdrop
Nigel Farage’s Reform UK has received millions of pounds in donations from citizens based overseas. Photograph: Sean Smith/The Guardian

Keir Starmer is set to embark on a fundamental overhaul of the political finance system, starting with an emergency ban on cryptocurrency donations and £100,000 cap on donations from Britons living abroad in a blow to Reform UK.

In a hugely significant move, the government said it would bring in the annual cap as well as a moratorium on crypto donations from Wednesday as part of its new elections legislation.

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